Inaugural Sync Digital Wellbeing Summit to seek greater understanding of digital harms

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Media Release by Sync

As part of efforts to raise awareness of digital wellbeing issues, digital wellbeing program, Sync, is set to bring together leaders from across tech, academia, sports, culture and policy at the end of this month for its inaugural Sync Digital Wellbeing Summit.

Held between 29th and 30th March at The King Abdulaziz Centre for World Culture (Ithra), Saudi Arabia, the Summit will provide a platform for thought leaders to develop new solutions for protecting the wellbeing of digital media users worldwide.

Focusing in on five key areas of concern, Summit sessions will invite speakers to offer insight and perspective on the topics of digital addiction, privacy, fake news and misinformation, relationships and algorithms. It is hoped that the exchange of ideas and knowledge can help to inspire tangible change in how we interact with, regulate and design digital platforms.

Abdullah Al-Rashid, Director of Sync says: “Our understanding of the complex impact of digital technology and social media on our relationships, personal wellbeing and society trails far behind our understanding of the tech itself and how to get the most clicks, likes and engagements out of it. It’s only in recent years that we have begun to have conversations around the more harmful aspects of our relationship with digital and social media. As the pandemic drove even greater integration of digital tech into our lives, it’s important that we invest more into these conversations to ensure that we uncover the full picture, and in doing so, avoid proposing solutions that focus only on symptoms rather than causes, and are short-term, partial, isolated fixes rather than meaningful, holistic or lasting changes.

“The Sync Digital Wellbeing Summit will bring together the most prominent experts in this field, as well as key stakeholders, cultural figures and influencers to discuss issues of digital wellbeing on a scale never before organised. Summit sessions will see our thought leaders ask provocative, but necessary, questions about our relationships with technology; provide insights into its impacts and offer solutions to the challenges we face. Only by collectively asking the right questions can we successfully define the path to a healthier relationship with technology.”

Thought leadership

Amongst the roster of thought leaders expected to speak at the Summit, will be major figures representing tech, NGOs, charities, Governments and the cultural influencer community. The headline speakers include:

  • Will Gardner OBE, CEO at Childnet, UK
  • Mo Gawdat, Author, Entrepreneur and Former Chief Business Officer, Google [X], United Arab Emirates
  • Jonathan Garner, Founder & CEO, Mind Over Tech, UK
  • Ross Farrelly, PhD, Director Data Science & Artificial Intelligence, IBM, Australia
  • H.H. Princess Haifa Al Mogrin, Permanent Delegate of the Kingdom of Saudi Arabia, UNESCO
  • Angela Gandra da Silva Martins PhD, Vice-Minister, Human Rights for the Family, Brazil
  • Liz Sweigart PhD, Chief Product & Strategy Officer, Safe Kids AI
  • John A. Naslund, PhD, Instructor in Global Health & Social Medicine, Harvard Medical School
  • Gitanjali Rao, Innovator, Author, and TIME Magazine’s first-ever “Kid of the Year” in 2020

Will Gardner OBE, CEO at Childnet – a UK charity campaigning for a safer internet for children – said: “The online world provides incredible opportunities for children, but also presents risk, and this is the case for children all over the world. There is a clear need for policy, regulation, protections and education to keep pace with this fast-moving environment, to ensure children are able to look after themselves as well as others online, but also for this work to include the voice of young people, sharing their experiences, their concerns and their ideas. I am looking forward to engaging on how to progress this area at the Sync Digital Wellbeing Summit”.

Speakers attending the Summit will be invited to discuss a broad range of topics relating to digital wellbeing. Attendees can expect to hear experts talking to the latest thinking on a number of issues pertinent to digital wellbeing. Panel session and speech highlights will include:

  • The Psychology of Technology panel with Dr. Mohammed Alhajji, Director of the Behavioral Insights & Nudge Unit, Saudi Arabian Ministry of Health and Dr. Moritz Büchi, Senior Research and Teaching Associate, University of Zurich
  • Gen Z Versus the Digital World panel moderated by Rodney WJ Collins PhD, SVP & Director, McCann Worldgroup Truth Central and featuring Chantelle de Carvalho,  Producer, I am Gen Z and Othman Almoamar, Community Engagement & Research Program Manager, MISK Foundation
  • Scanning the Horizon – Tech Trends and Their Implications for Digital Wellbeing panel with Dr. Latifa Al-Abdulkarim, Assistant Professor, College of Computer and Information Science, KSU – King Saud University and Dr. Ross Farelly, Director, Data Science and AI, IBM, Australia
  • Does The Internet Need Warning Labels? debate with Matthew Bergman, Founder, Social Media Victims Law Center, Senior Partner, Bergman Draper Oslund Udo

A full Summit agenda will be announced in due course.

The Summit will also play host to an Agora, bringing together attendees in a public forum to help encourage the generation of new strategic ideas. This will involve breakout sessions where attendees will be able to share their thoughts on how to best promote the global digital wellbeing agenda. Led by topics discussed in the speaker sessions, the breakout sessions will cover ‘The Digital Wellbeing Future We Want’ and ‘Building A Global Digital Wellbeing Movement’.

During the Summit, Sync will doing deep dive sessions with SMEs and researchers from diverse nations, experience and background aimed at bringing together key insights around digital wellbeing with and the way forward and future of digital wellbeing.

Sync data illustrates growing concern for our relationship with tech

The Summit follows the launch of Sync’s first whitepaper[1], Global Digital Wellbeing Report 2021. The research illustrates how embedded new media and tech has been into our daily lives in recent decades, but with a particular focus on how such trends have accelerated as a result of the pandemic. Research from the Global Digital Wellbeing Report was also included in a paper published by Prof Justin, Department chair of Psychology at Zayed University, and the Sync Research Fellows. It was published in Frontier in Psychiatry, the most-cited Multidisciplinary Psychology journal in the world. As an open-access journal, the article is accessible for readers here.

Sync’s survey of 15,000 people, included in both the report and paper, found that:

  • Despite huge worries over online addiction and half of us admitting we skip sleep every week to remain online at night (rising to 69% among Gen Z), 19% of parents let their kids go online without any set time limits. 

 

  • Almost a third of us admit to misleading friends and family members about the amount of time we spend online, rising to 40% of Gen Z – those aged between 10 and 25 years old. 

 

  • Nearly half (48%) of us spend more time than we would like to online every day, and 43% of us have not had a single day off from social media in the past year. 

 

  • Three quarters of all respondents (75%) are now demanding governments invest more in high quality affordable care for online addiction and 61% say internet and social media addiction should be formally recognized as a medical condition.

Knowledge partnerships

Sync also recently announced another collaboration with the Digital Wellbeing Research Center at University of Milano-Bicocca which will use a holistic new approach to study college students’ relationship with their smartphones, including impact on concentration and anxiety in different social contexts.

Marco Gui, Director of the Center, says: “Every university student today owns a smartphone, delivering connectivity past generations could only dream of. But at what cost? We’re grateful for Sync’s support for our new methodology to investigate the potentially beneficial and harmful effects of being permanently connected.”

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Accenture Introduces Fjord Trends 2022

Multinational professional services company Accenture recently introduced Fjord Trends 2022: The new fabric of life

Accenture’s Fjord Trends 2022 tells a story of individuals and their relationships with each other, the planet, brands, and technology. The intended theme for these trends is about the need to respond to changes in every type of relationship – threads that create the new fabric of life.

Come as you are

People have a growing sense of agency in life, and this affects the way they work, consume, and relate. The rise in self-agency is manifesting in changes in how people see work. This means competition for talent is not just between companies, but with other things, people want to do.

In this trend, side-hustles are classified as the cause, symptom, and feature. Technology is making it easier to find new income streams, either through traditional employment or side projects. This presents new challenges for employers to balance the flexibility they offer with the need to work towards the organisation’s growth.

The tension is between individuals’ aim to meet their personal goals versus their responsibility as a part of a collective. The “me over we” mentality has implications for companies in how they lead their workforce, nurturing company-customer relationships, and a new employee value proposition.

The end of abundance thinking

For those who are used to getting what they want with minimal effort and enjoying “abundance thinking” – will have their convenience pitted versus their relationship with the planet.

Inflation, shortage of workers, supply chain disruptions, climate change catastrophes are causing shortages across the globe. Scarcity of goods will affect consumers’ morale, and brands should prepare on how to manage expectations around sustainability and convenience. This could also bring opportunities to have a new angle for consumerism, and it’s possible that the change in behavior becomes a catalyst for new habits.

To ensure progress, it’s essential for businesses to decouple innovation from the concept of “new”. One method might be to create new value for consumers using services that prolong a product’s life, rather than doing upgrades. A momentum towards “regenerative business” that will replace the “take, make, dispose” model is predicted with a more circular approach. The trend calls for organisations to collaborate with others within the ecosystem to address climate change.

The next frontier

The metaverse is making waves. Brands and people are given a new platform to interact, consume, and earn. It sets a new stage for how the digital space interacts with the physical world. It’s a stage where people can take part to participate in events, and where transactions for digital assets can take place. Companies need to understand how their target audience will exist in this space if they choose to, as well as how their brand can thrive in the metaverse.

Accenture expects a period of learning, questioning, and experimenting on possibilities and what people want. Brands have to be ready for trial and error if they want to operate in the metaverse with the end user’s experience as the main focus. 

This much is true

Turning to Google to ask questions and get immediate answers has become a norm in people’s daily lives. But as people are asking more questions, there’s an increasing doubt in the answers provided.

Lack of integrity, inappropriate language, and misinformation are creating cracks within information systems and putting people’s trust in brands at risk. Information layers are critical for brand owners to build trust and connect with their target audience.

Businesses must navigate limited space for people’s limited attention span and limited space for information layers. It’s important for these layers to be simple, personalised, and easy to use. Content design is vital and conversational AI is expected to evolve in sophistication. Hybrid interfaces will have the capability to augment physical objects with a digital layer of information. 

As the pressure to address people’s inquiries grow, new information layers will present a powerful trust-building opportunity.

Handle with care

Compassion and care are arguably the traits that define humanity. The topic of care goes beyond the health sector. Non-health businesses are discovering new ways to show care to customers. The responsibilities involved in self-care and care for other people will matter to brands and employers because it adds an emotional touch that establishes trust.

Ways to create new value in caring through design include prioritizing mental health, expanding accessibility, protecting consumer data, and reducing operational white noise for employees. Businesses and designers need to practice care more often rather than just talking about it. The goal should be to integrate care into systems.

Visit this page to get the full story.


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Ethereum News: The Move to Proof-of-Stake

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One of the leading blockchains Ethereum is testing a new system to approve transactions. 

The growing market for NFT (non-fungible tokens) has brought a lot of eyes to Ethereum, the blockchain network where most NFT transactions are conducted. Aside from that, it also brought attention to the massive energy consumption of cryptocurrency mining.

Blockchains are decentralised, meaning it doesn’t have a bank to verify transactions. Ethereum relies on a consensus mechanism called “proof-of-work” to manage a ledger of transactions.

Proof of work requires computing power and electricity. It pits miners against each other in a competition to solve complex mathematical problems. The miner who solves the problem first will update the ledger by adding a new block to the chain, receiving minted coins in return. 

Ethereum plans to transition its network to a different consensus mechanism called: “proof-of-stake“. The event will be termed “The Merge”. The move is set to take place in the first half of 2022. Proof-of-stake is expected to use 99% less energy, allowing Ethereum to host 100,000 transactions per second.

Ethereum’s shift to proof-of-stake has been years in the making.

“[We thought] it would take one year to [implement] POS … but it actually [has] taken around six years,” Ethereum Founder Vitalik Buterin said.

Ethereum’s proof-of-stake system is being tested on the Beacon Chain. The goal is to merge it with the Ethereum chain in the coming months.

Once the merge has been completed, other upgrades are set to follow. Ethereum is planning to introduce sharding. It is a process of breaking down the Ethereum blockchain into 64 separate chains which will be coordinated by the Beacon Chain. Parallel Processing will be allowed by shard chains to support more users and for the network to scale. The inclusion of shard chains is seen at the completion of Ethereum 2.0.


How does proof of stake work?

Proof-of-stake was first presented in July 2011 on an online forum called BitcoinTalk. According to the 2013 white paper that described Ethereum, it was supposed to be the mechanism securing the network right from the beginning. But with the complexities of the system, Ethereum launched using a proof-of-work model.

The proof-of-stake system replaces miners with ‘validators’. Investments will be made in the native coins of the system instead of computer farms that require high energy. As a validator, you need to stake your tokens in a smart contract to win block rewards. After sending cryptocurrency to a smart contract’s wallet address, the contract keeps the currency, similar to putting money in a vault.


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Infosys Named As Digital Innovation Partner for International Tennis Hall of Fame and Title Sponsor of the Hall of Fame Open

Digital services and consulting company Infosys was recently announced as the International Tennis Hall of Fame digital innovation partner and title sponsor of the annual ATP Tour, the Infosys Hall of Fame Open.

A multi-year collaboration was signed for Infosys to support the efforts of the International Tennis Hall of Fame (ITHF) in celebrating and preserving tennis history through digital advancements and identify and address opportunities to enhance the fan experience.

Infosys has a proven track record in transforming the tennis experience for fans around the world, through partnerships with the Australian Open, ATP Tour, and Roland-Garros.

“We are thrilled to join with Infosys in a comprehensive collaboration to accelerate transformation of the digital landscape of International Tennis Hall of Fame. Infosys is a global leader in the use of cutting-edge technology in tennis and beyond, and we are honored to be a focus in their steadfast dedication to the sport. We look forward to our collaboration bringing tennis closer to fans all over the world,” ITHF CEO Todd Martin said.

“We are very inspired by the incredible strides that the ITHF is making to bring tennis fans the finest ATP Tour grass court tournament in the United States and to nurture the rich heritage of the sport. It will be an exciting journey as we strive to match their commitment to tennis with smart data-driven, digital innovations that can advance the outcomes of their efforts and deliver deeply engaging fan experiences throughout the tournament. Collaborating with the ITHF gives us an opportunity to celebrate their rich history as the origin of the U.S. National Championships and accelerate their endeavors to preserve the history of the sport globally,” Infosys President Ravi Kumar S. said.

As title sponsors of the Infosys Hall of Fame Open, the multinational IT company will run the Stat of the Day digital insights series and will leverage the Infosys Tennis Platform to drive digital innovation and engagement for the following areas:


Sharing tennis’ history using TennisWorthy:

Infosys will have ten episodes annually of the TennisWorthy video series and will pioneer new approaches for this series. 

Enhancing fan experiences:

The IT company will work on immersive VR and 3D platforms that allow fans to engage with tennis’ history while following tournament updates and analysis of players’ performances.

Preserving tournament heritage using digital experiences:

Infosys will consolidate the ITHF’s position as a global leader in the digital preservation and strengthening of the sport’s history. The company will also provide insight-driven and innovative experiences to its global audiences using digital platforms.


The Infosys Hall of Fame Open is set to take place on July 10 – 17 2022 in Newport, R.I. Fans can get information about ticket sales and tournament updates at infosyshalloffameopen.com.


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Oceano Launches Superyacht NFTs

Custom yacht builder Oceanco is set to launch its NFT collection named Superyacht NFTs.

Yachting is about fun and experiences and not just the status that ownership conveys – this is the philosophy behind the creation of Oceanco‘s NFT collection.

“At Oceanco, it is important to push the industry’s boundaries and challenge ourselves to continuously grow,” Oceanco Chairman Dr. Mohammed Barwani said.

According to Paris Baloumis, Oceanco Group Marketing Director:

“Entering the world of NFTs felt like a natural progression for Oceanco and we wanted to make sure we offered something unique and exciting. Which is why we are putting fun and engagement at the heart of Superyacht NFTs. We are making the exclusive more inclusive,” 

Superyacht NFTs will be on the Ethereum blockchain and will provide holders exclusive access to benefits that can be experienced both virtually and in reality. Oceanco will work with like-minded to bring activations and rewards to its holder community. Interested parties can pre-register to get access to the first release of the company’s NFT collection.

Timur Bozca of Bozca Design is in charge of the design for Superyacht NFTs. The collection’s design is based on Esquel, the 105/345ft explorer that the two brands worked on together before. Each NFT will have a unique combination of themes and settings, design elements, and rare features to make them more attractive for collectors.

In the future, Superyacht NFT holders will have the opportunity to boost their tokens using airdrops of collectible add-ons which include accessories and supertoys. 

A percentage of Superyacht NFTs’ profits will be donated to charities that have the initiative to protect the oceans.



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Panasonic Commences Sale of the NPM G Series

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Panasonic Smart Factory Solutions Co., Ltd. recently announced that it will gradually begin sales of the NPM G Series.

The NPM G Series is a series of systems that can quickly respond to clients’ supply and demand changes through autonomous and continuous updates, making autonomous factories a reality.

When disruptions occur in the production process, businesses turn to specialists for solutions. These blockers are caused by different issues. Panasonic believes that updates of the 5Ms (Man, Machine, Material, Method, and Measurement), and AI-based autonomous control make significant impacts during production.


What Does the NPM G Series Consist?

The series began when Panasonic introduced the APC-5M assembly line system on February 16, 2022. The system identifies variation and applies changes in the 5Ms for more efficient and stabilized production. 

Next on the list is the release of the NPM-GP/L screen printing machine. The device can automatically apply production line changes. Another product that is part of the series is the Auto-Setting Feeder which is an automated component supply system. Lastly, the series will have the NPM-GH modular mounter which boasts top-quality mounting accuracy.


The Takeaway

Panasonic will enable autonomous control of the 5M production process variables through a platform that connects these technologies with the aim to make autonomous factories a reality.

The recent changes that occurred in consumption and lifestyles are making impacts on supply chains. The company believes it can provide a reliable solution to this problem using factory automation. To be able to automate factories, Panasonic is working to cut the total cost of ownership through improved equipment efficiency and 5M management. The aim is to build autonomous factories that can address customers’ supply and demand changes with regular autonomous updates.



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Australia’s Core Lithium Enters Into Supply Deal with Tesla

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Core Lithium Ltd (ASX: CXO), Australia’s next lithium producer, announced that it has entered an agreement with electric car manufacturer Tesla Inc., Core Lithium will supply Tesla with lithium spodumene.

The deal drives Core Lithium shares up 13% in early trading. Australia’s next lithium producer stated that it would supply Tesla with up to 110,000 dry metric tonnes of spodumene concentrate from its Finnis Lithium Project.

According to the term sheet, the first lithium production from the Finnis Project is set for the fourth quarter this year, and the supply to Tesla is expected before July 31, 2023.

“The Term Sheet with Tesla is for the supply and delivery of up to 110,000 dry metric tonnes of spodumene concentrate over a term of 4 years. This adds to the previously announced binding offtake agreements with existing customers over 4 years.” Core Lithium Managing Director Stephen Biggins said.

“Subject to execution of a definitive agreement, Core’s supply to Tesla is scheduled to commence in 2H 2023 and will cease on the date that is 4 years after commencement of supply or until a total of up to 110,000 dry metric tonnes has been delivered,” Biggins stated.

“Core Lithium is thrilled to have reached this agreement with Tesla and look forward to further growing this relationship in the years to come. Tesla is a world-leader in electric vehicles and its investment in offtake and interest in our expansion plans for downstream processing are very encouraging,” he added.

Stage 3 Expansion

The strategy for the Finnis Lithium Project includes possible Stage 3 Expansion. It will be based on a long-term plan for the development of downstream lithium chemical processing in Australia’s Northern Territory.

Tesla has agreed and is subject to the execution of a definitive deal. The electric car manufacturer will provide additional support to Core Lithium for the completion of its Stage 3 Expansion and the incorporation of Core Lithium’s chemical product into the supply chain of Tesla.

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Microsoft Targets 5G Network for Faster Cloud Service

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Tech giant Microsoft is working with AT&T to boost Azure’s processing power.

Microsoft Corporation wants to use the 5G network of their partners like AT&T. Inc to improve its Azure cloud. The technology corporation has already established a network of more than 60 data center regions across the world where users can rent computing storage and power.

Over the years, Microsoft has been offering services that allow customers to perform tasks on devices at the client’s location and to crunch data.

Microsoft now wants to utilize the 5G equipment of AT&T to provide processing power located closer to some customers than regional data centers. Closer means better speeds.

“5G is amazing technology for certain types of scenarios,” Microsoft Executive Vice President for Strategic Missions and Tech Jason Zander said. “You can’t just stick everything in a cloud.” Zander has been an Azure executive from the product’s early stages.

Satya Nadella, Microsoft Chief Executive Officer assigned Zander to work on future computing ideas such as 5G, quantum computing, and computing in space.

Using mobile phone networks allows Microsoft to offer Azure customers better processing power. Other news that Microsoft is planning to announce are:



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Technical University of Munich and Oerlokom Establish to Work Together for Metal 3D Printing Research

Chairman of the Board of Directors of OC Oerlikon, Prof. h.c. Michael Süß, and TUM President Prof. Thomas F. Hofmann signed a cooperation agreement. Image Source: www.tum.de

The Technical University of Munich and Swiss technology group Oerlikon will collaborate for metal 3D printing research and to drive advanced manufacturing technologies.

The two institutions have established the TUM-Oerlikon Advanced Manufacturing Institute to ‘master the technical challenges on the road to industrialisation’ through a series of studies.

The TUM-Oerlikon Advanced Manufacturing Institute will receive an annual budget of €3 million for the first five years. Researchers at TUM and Oerlikon’s scientists will work together on up to 30 dissertations that focus on technical research along the additive manufacturing value chain. This includes studies on the printing process, reciprocal interactions between materials and processes, and the development of tailor-made materials.

“Together with Oerlikon, we wish to transform Munich to become recognised globally as a centre of additive manufacturing technologies,” TUM President Professor Thomas F. Hofmann stated.

“This collaboration perfectly complements our Industry on Campus strategy of bringing science and practical applications closer together and making substantive contributions to the industrialisation of additive manufacturing technologies.” Hofmann added.

“To further the collaborative synergies between the university and ourselves, we have decided to relocate our business activities together with our in-house research department from Feldkirchen to Garching,” CTO at Oerlikon Surface Solutions Division CTO Dr. Sven Hicken added.

“Both partners benefit from such a partnership: doctoral students can use our hardware, including our 3D printers and our laboratories, and we are close to the research activities of a truly excellent university.” Dr. Hicken said.

“Our research efforts focus primarily on technical challenges which, once we have surmounted them, will speed up the development of 3D metal printing. For example, we are already working together on the new ultra-strong light aluminum-based alloys that are in high demand in the industry, on demanding new simulation techniques to predict the melting and solidification process for metal powders and on the development of a digital certification process using components produced for the aerospace industry with the help of advanced manufacturing.” TUM Director of the Chair Aerodynamics and Fluid Mechanics Dr. Nikolaus A. Adams said.


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Real Estate Transactions Using Bitcoin in 2022

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Using Bitcoin in various transactions is growing continuously, this now includes buying and selling real estate.

Bitcoin is starting to be a new form of resource and wealth, especially for people who bought them at a low price. Study shows that Bitcoin is being used in more than 270,000 transactions every day. Why not use it for real estate transactions? Here’s how you can do engage in property transactions using Bitcoin.

Look for Real Estate Agents or Companies that Use Bitcoin

The first step in making real estate transactions using Bitcoin is finding real estate companies and agents that accept it. Some of the real estate companies that are using Bitcoin are:

Kuper Sotheby’s International Realty – This is the first real estate company in Texas to use Bitcoin for real estate transactions.

Open Listings – Open Listings is one of the websites that make real estate transactions easier with Bitcoin. The website provides options to limit search results for properties that are being sold in exchange for Bitcoin.

Magnum Real Estate Group – The New York-based company adhered to crypto holders’ desire to use Bitcoin for real estate transactions.

Purchasing a Property Using Bitcoin

For people planning to buy a property using Bitcoin, the first step is to inquire if the seller accepts it. If the seller doesn’t accept Bitcoin, the buyer must convert it into a currency the seller accepts.

After negotiations, make sure that your real estate agent fees can be settled with Bitcoin as well or not.

Selling a Property Using Bitcoin

Owners of properties being sold in exchange for Bitcoin must find a real estate company or agents that have experience using Bitcoin for real estate transactions.

Sellers should make it clear on their property listing if they accept payments in Bitcoin, other cryptocurrencies, or traditional currency. Property owners should also set up a crypto wallet if they wish to conduct real estate transactions using Bitcoin.

Real estate transactions are starting to accept Bitcoin usage to buy and sell properties. Selling properties with Bitcoin gives sellers the chance to gain from this cryptocurrency. Buying properties, on the other hand, gives buyers the opportunity to diversify their investment portfolio and consolidate profits.

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