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PR Newswire

‘Dual circulation’: A crucial step for China’s economic development in new era

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BEIJING, Oct. 30, 2020 — A news report by China.org.cn on the 5th plenary session of the 19th central committee of the CPC and China’s "dual circulation":

 

The fifth plenary session of the 19th Central Committee of the Communist Party of China (CPC) concluded on Oct. 29. The session discussed and adopted the CPC Central Committee’s proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. The principal idea of the 14th Five-Year Plan is to foster a new, dual-circulation development architecture with the domestic circulation as the mainstay, and with domestic and international development reinforcing each other.

The world today is undergoing profound changes rarely seen in a century. The global spread of COVID-19 has brought about more uncertainties and destabilizing factors. This has sent the world economy into recession, and caused a further contraction in international trade and investment. Meanwhile, some countries are blaming globalization for such issues as the hollowing out of industries, the widening wealth gap, and increasing political tensions. China is thus facing significant external headwinds.

Since the start of reform and opening-up over four decades ago, China has risen to become the world’s second largest economy. It is currently the largest manufacturer, the largest merchandise trader, and the holder of the largest foreign exchange reserves. It also ranks second in the world for attracting foreign investment and the consumption of goods. Its contribution rate to global economic growth has exceeded 30% for several years in a row. China is marching on its journey to fully build a modern socialist country. However, it still faces unbalanced and inadequate development.

Therefore, China has been working to foster a new, dual-circulation development architecture. This aims to remove the barriers existing in domestic circulation, and further unleash the potential of domestic markets, so as to support a higher level of circulation externally. This is not a short-term response by the country to deal with the epidemic and changes in the international environment. Instead, the move reflects China’s long-term strategic countermeasures under a global perspective, and is a crucial step in China’s economic development during the new era.

With a focus on domestic circulation, the model does not in fact mean complete isolation. On the contrary, it will lead to higher levels of opening-up. The "dual circulation" strategy is not the same as an international circulation in its narrow sense regarding foreign trade, capital, and foreign direct investment. Rather, it covers finance, currency, the flow of people, the spread of technologies, the flow of information and data, climate change, environmental protection, elimination of the wealth gap, the accomplishment of U.N. sustainable development goals, etc. It is a general circulation for industrial, supply and service chains with wider scopes, expanded areas, and higher levels.

The new, dual-circulation development architecture is a roadmap for China’s long-term overall economic development. It will also become an open and inclusive global economic engine which enjoys strong vitality and bright economic prospects.

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http://www.china.org.cn/video/node_7230027.htm

‘Dual circulation’: A crucial step for China’s economic development in new era
http://www.china.org.cn/video/2020-10/30/content_76860335.htm

 

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realme becomes fastest smartphone brand to reach 50 million product sales, according to Counterpoint Research

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Representing the strongest growth momentum among major global OEMs, realme achieves 50 million sales milestone to rank 7th in the world

SHENZHEN, China, Oct. 30, 2020 — realme, a young and trendsetting technology company, has just been named by Counterpoint’s Q3 2020 smartphone shipment report to be the fastest growing brand to reach the 50 million smartphone sales milestone. Channeling the energy of youths and young professionals, who form the bulk of its fans and customers, realme leapfrogged global competitors to this achievement in merely nine quarters. In addition to this milestone, realme also recorded a history high level of quarterly shipments as 14.8 million and is the world’s fastest-growing brand in Q3 as it grew 132% QoQ for the quarter, gaining momentum and surpassing analysts expectations.

According to Counterpoint, realme’s growth rate in shipments volume represents "the strongest growth momentum among major global OEMs". realme accelerated to 50M sales because it enjoyed great success with youths and young people all over the world, with this segment of users making up most of its customer base. realme has gained a niche following amongst youths globally, given how diverse this user group is across countries and cultures. "realme grew to become one of the top 5, or even top 3, brands in its key markets, including India, Indonesia, Bangladesh, Philippines and some other Southeast Asian countries", says Research Analyst Abhilash Kumar at Counterpoint.

Source: Counterpoint Q3 2020 Global Smartphone Shipments Report
Source: Counterpoint Q3 2020 Global Smartphone Shipments Report

realme, whose slogan is ‘Dare to Leap’, adopts a strategy of selling leapfrog performance and trendy design-driven quality products that resonate with its young crowd at an affordable and attractive price points. "With its efforts to bring the affordable yet premium-like products to consumers, as well as its ability to offer smooth digital shopping and after-sales services in different countries, realme has emerged as the most resilient brand during and after the pandemic crisis", Research Analyst Abhilash Kumar commented on realme’s preformance. realme’s trendsetting image and product reputation has contributed to building customer trust and brand awareness. 

"At realme, we live out our philosophy, which is to dare to leap into the forefront of innovation, design and product value, which is something young people can identify with,’ says Sky Li, realme’s CEO. Though young, realme has won five top international design awards and collaborated with world-class notable designers on its products through the realme Design Studio. realme has also delivered on technological innovation, being one of the first company to utilize the Snapdragon 865/765G processor and introducing the 64MP camera on a phone. More importantly these innovations has enabled realme to introduce 5G-enabled smartphones to youths and young consumers, increasing its popularity and reputation in numerous markets internationally.

realme’s international team and DNA has enabled the company to grow quickly. Just like its young clientele, realme has taken risks to expand quickly to over 61 markets globally and is amongst the Top 5 brands in over 13 markets globally in just two years. Ranking seventh globally.

For young consumers, realme has expanded quickly to offer a variety of AI of Things (AIoT) products such as smart audio, visual and lifestyle products to complement their increasingly digitally connected lives. These products have also quickly become popular. In India, realme sold over 1 million smart individual audio devices, reaching first spot in market share in Q2 2020. So far, realme has released over 50 AIoT products in 2020, with plans to double it in 2021. Through realme, young people can dare to leap into the future, well-equipped to live life to the fullest.

About realme

realme is a technology brand that provides leapfrog quality and trendsetting smartphones and AIoT products to the global market. realme users are young and globally-minded. realme products empower young people to ‘Dare to Leap’ using the latest in technology and design.

realme is the 7th top smartphone brand in the world and was recognized as one of the mainstream smartphone brands according to Counterpoint’s statistics of global smartphone shipments in Q3 2020. In 2019, realme’s global smartphone shipments reached 25 million with a YoY growth rate of 808%, making realme the fastest-growing smartphone brand in the world for four consecutive quarters since 2019 to Q2 2020. realme has entered 61 markets worldwide, including China, Southeast Asia, South Asia, Europe, Russia, Australia, Middle East, Africa with global user base of over 50 million.

For more information, please go to www.realme.com. 

PR Newswire

Smart Cities to Create Business Opportunities Worth $2.46 Trillion by 2025, says Frost & Sullivan

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In observance of World Cities Day on October 31st, our experts reveal key findings on the smart city ecosystem

SANTA CLARA, California, Oct. 30, 2020 — The uncertain post-pandemic situation will compel smart cities to focus more on developing collaborative, data-driven infrastructure to provide appropriate healthcare facilities as well as public security services. They will create significant business opportunities with a market value of $2.46 trillion by 2025.

Smart Cities to Create Business Opportunities Worth $2.46 Trillion by 2025, says Frost & Sullivan
Smart Cities to Create Business Opportunities Worth $2.46 Trillion by 2025, says Frost & Sullivan

For further information on this analysis, please visit: http://frost.ly/4r3

"Smart cities will focus on data-driven and connected infrastructure, which will lead to higher adoption of technologies like AI and 5G. They will prioritize more digitalized services and a strong data analytics infrastructure, leading to increased spending toward technology," said Malabika Mandal, Visionary Innovation Group Industry Analyst at Frost & Sullivan.

Archana Vidyasekar, Visionary Innovation Group Research Director at Frost & Sullivan, added, "Now more than ever, the strategy of being technology-first, optimistic, and focused on ‘smart’ is critical. While COVID-19 has largely been a health crisis, it has disrupted city ecosystems and infrastructure tremendously. Smart technologies offer innovative solutions that can reverse the damage and bring some respite, if not normalcy. For instance, digital contact tracing can play a critical role in empowering citizens with knowledge of COVID-impacted areas and promote safer urban movement."

Frost & Sullivan’s key findings on smart cities include:

  • Smart cities’ spending on technology in the next six years is expected to grow at a CAGR of 22.7%, reaching $327 billion by 2025 from $96 billion in 2019. Technologies like artificial intelligence and big data will be in high demand to combat the pandemic, with growing opportunities for crowd analytics, open data dashboards, and online city services.
  • There will be more than 26 smart cities by 2025, with 16 in North America and Europe.
  • More than 70% of global smart city spending by 2030 will be from the United States, Western Europe, and China. Smart cities in the US and Europe will continue spending on 5G and autonomous and robotic technologies. Almost all smart cities in the US and Europe have already invested in open-data initiatives during the pandemic. In addition, China has renewed investments in 5G, smart grids, AI, data centers, and other smart city-related areas through the "new infrastructure initiative" introduced in 2018.
  • Growing demand for crowd management and monitoring in smart cities will lead the crowd analytics market to grow by 20%-25% by 2030. It had market revenues of $748.6 million in 2020. Crowd analytics can be used to access collective real-time data. It can help ensure proper public healthcare services, traffic movement, and security and surveillance services across the smart city.
  • Investments in smart initiatives are expected to rise over the next two years. Smart cities have already invested in contact tracing wearables and apps, open data platforms, autonomous drones, and crowd analytics to fight the pandemic. Post-pandemic, investment in smart projects like smart grids, intelligent traffic management, autonomous vehicles, smart lighting, e-governance services and data-enabled public safety and security will gain traction.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

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Inspirations from the Global Leader: Getting to 100% Electric Delivery Vehicles

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A new report series from Rocky Mountain Institute brings new insights from Shenzhen–the global electric vehicle leader– on how to fully electrify urban delivery and logistics vehicles.

BEIJING, Oct. 30, 2020 — Today Rocky Mountain Institute (RMI) launched a six-volume report series which explores the experience of the City of Shenzhen, China in addressing carbon emissions and air pollution through the electrification of its urban freight sector. Shenzhen is leading the world in electric vehicle adoption and the details of how it is moving towards 100% electrification can provide lessons for cities around the world.

Utilization of a vehicle is one of the biggest determining factors to wider adoption of electric vehicles in fleet and logistics applications. This report series—Putting Electric Logistics Vehicles to Work in Shenzhen—focuses on understanding the policies, charging infrastructure, technology, and market development advances critical to achieving full utilization of electric logistics vehicles (ELVs).

This report series contains insights based on the lessons drawn from Shenzhen relevant to global leaders, including state and city governments, logistics delivery and retail goods industries, and the financial sector. The key insights from our work relevant to these leaders include:

  • Full logistics electrification is possible. Shenzhen’s experience shows that a rapid transition to the use of EVs in urban logistics is feasible and, with the proper policy framework, vehicle operators will rapidly electrify.
  • Policy must evolve as logistics electrification progresses. As the low-hanging fruit of logistics electrification is picked, policy makers must be prepared to pivot towards harder use cases. Being able to dynamically adjust policy to the needs of distinct market segments as they electrify is critical to success.
  • Growing an ELV fleet is a necessary but insufficient condition for logistics electrification. Policy makers often set EV targets in terms of share of sales or share of fleet. Getting EVs into the hands of operators is the first step in full logistics electrification. Cities must also ensure that ELVs are able to displace the use of fossil fuel vehicles.
  • Encourage innovation and entrepreneurialism in the supporting ecosystem. Cities and the financial sector can support innovation in multiple ways, including engaging with industry to support innovative pilots that support proof-of-concept for new approaches to logistics electrification.

To read the full report, visit RMI website at:
https://rmi.org/insight/putting-electric-logistics-vehicles-to-work-in-shenzhen/

 

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Lumen automates DDoS mitigation as attacks surge worldwide

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Emergency activations increase by as much as 1,200% since July

DENVER, Oct. 28, 2020 — Cybersecurity experts have seen a dramatic rise in sophisticated distributed denial of service (DDoS) attacks in recent months. Downtime from these events cost businesses an average of $221,000, so the speed to react is more critical than ever.

DDoS Attacks By the Numbers
DDoS Attacks By the Numbers

In response to this need, Lumen Technologies (NYSE: LUMN) is announcing significant upgrades to its industry-leading DDoS Mitigation Service. These new features – which can now be activated on demand – help customers better protect their essential web-facing assets and applications, and reduce the risk of collateral damage during attacks.

Lumen’s new DDoS capabilities include:

  • Rapid Threat Defense. This software-based, automated detection and response service automatically detects and immediately blocks malicious entities such as DDoS botnets. For customers, this means improved application security and availability – even against newly discovered and evolving threats.

    Rapid Threat Defense leverages threat intelligence developed by Black Lotus Labs – Lumen’s threat research and response team. Lumen runs one of the largest IP backbones in the world, which gives Black Lotus Labs unsurpassed visibility to uncover and block attacks earlier than ever – before they ever reach customers’ applications.

  • Three-Tiered Scrubbing Architecture. Lumen believes that intelligent platforms are more effective at threat mitigation in a data center than capacity-only approaches. To that end, the company has developed a proprietary, three-tiered scrubbing approach that uses next-gen technology to mitigate attacks based on size and complexity. Intelligent routing sends larger, more complex attacks to the larger scrubbers, which ensures customers’ business-critical applications continue to perform – both at peacetime, and while under attack.
  • DDoS Hyper. Launched last week, DDoS Hyper is part of the new Lumen digital buying experience, which enables customers to order, configure, and deploy DDoS mitigation services via a self-service portal in minutes.

"Lumen is focused on developing platforms that help customers deploy and secure the applications that power 4th Industrial Revolution," said Chris Smith, vice president of global security services at Lumen. "We leverage our insights to automate detection and response at a global scale, and this allows our customers to maintain the critical web-facing assets that power their businesses."

"With the recent spike in DDoS attacks, the speed of response to new attacks is more crucial than ever before," said Martha Vazquez, senior security research analyst, IDC Research. "Service providers are at a point where they need to speed up response times to stop these advanced attacks from occurring immediately. Having an automated response that can prevent bad traffic from ever reaching the customer is critical, and the ability to instantly spin up a security service rapidly – such as with DDoS Hyper – is beneficial for those who are already under attack or believe one is imminent."

Additional Resources:

  • DDoS Calculator: Estimate the cost of a DDoS attack
  • White Paper: The new cyber arms race – a changing attack landscape requires a modernized strategy
  • Data Sheet: Lumen DDoS Mitigation Service features and specs
  • Data Sheet: Lumen’s Rapid Threat Defense capabilities

About Lumen
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Learn more about Lumen’s network, edge cloud, security, communication and collaboration solutions, and our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks of Lumen Technologies, LLC in the United States. Lumen Technologies, LLC is a wholly owned affiliate of CenturyLink, Inc.

* The Lumen brand was launched on September 14, 2020. As a result, CenturyLink, Inc. is referred to as Lumen Technologies, or simply Lumen. The legal name CenturyLink, Inc. is expected to be formally changed to Lumen Technologies, Inc. upon the completion of all applicable requirements.

Services not available everywhere. Business customers only. Lumen may change, cancel or substitute products and services, or vary them by service area at its sole discretion without notice. ©2020 Lumen Technologies. All Rights Reserved.

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SERVICE ROBOTS Record: Sales Worldwide Up 32% – International Federation of Robotics reports

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FRANKFURT, Germany, Oct. 28, 2020 — Sales value of professional service robots increased by 32% to 11.2 billion U.S. dollars worldwide (2018-2019). The COVID-19 pandemic will further boost the market. High demand for robotics disinfection solutions, robotic logistics solutions in factories and warehouses or robots for home delivery are examples of this trend. This is according to World Robotics 2020 – Service Robots report, presented by the International Federation of Robotics (IFR).

Worldwide Sales Value Of Professional Service Robots Increased By 32%
Worldwide Sales Value Of Professional Service Robots Increased By 32%

In terms of value, the sales of medical robotics accounts for 47% of the total professional service robot turnover in 2019. This was mainly driven by robotic surgery systems, which are the most expensive type in the segment. Sales hit a new record of 5.3 billion U.S. dollars – up 28%. By 2022, medical robot sales have the potential to more than double by reaching 11.3 billion U.S. dollars. About 90% of medical robots are from American and European suppliers.

Professional Service Robots – logistics

The market value of logistics robots sold or leased was up 110% to 1.9 billion U.S. dollars.

Autonomous mobile robots are part of today’s smart factory. Therefore, a continued strong turnover growth of 40% or more per year seems possible. "The investment in service robots for logistics in manufacturing processes is amortized rapidly," says IFR President Milton Guerry. "Assuming 24 hour operation, the investment in service robots for logistics may be repaid within 2–3 years and often much quicker. Given a 15 year lifetime, operating costs are around 5% of the annual investment. Highly developed systems often provide operational availability in the 98% plus range."

Personal and Domestic Service Robots

Service robots for personal and domestic use, which are produced for a mass market, are mainly in the areas of household robots. This include vacuuming and floor cleaning robots, lawn-mowing robots or entertainment robots. The total number of service robots for personal and domestic use increased by 34% to more than 23.2 million units sold in 2019. The value was up 20% to 5.7 billion U.S. dollars.

"We expect sales of both professional and personal service robots will continue to increase strongly," says Milton Guerry, President of the International Federation of Robotics. 

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Please find the FULL PRESS RELEASE version here: https://ifr.org/ifr-press-releases/

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PR Newswire

Omdia 5G report: live networks pass 100 in 3Q20, 85% of CSPs yet to launch

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LONDON, Oct. 23, 2020 —

  • 5G mobile broadband launches passed 100 during 3Q20.
  • Western Europe has the largest number of 5G launches, followed by Asia-Pacific.
  • With Apple’s iPhone 12 launch, 5G coverage and network quality is even more of a critical area of differentiation and competition for service providers.

The number of commercial 5G mobile broadband networks launched globally hit 109 in Q3 2020, according to Omdia’s latest 5G Service Provider Tracker. When taking into account networks that use 5G to deliver home broadband services (Fixed Wireless Access, ‘FWA’), the total number of Communication Service Provider (CSP) launches reached 140 at end-3Q20.

Western Europe has the largest number of commercial 5G mobile broadband networks, at 33, followed by Asia-Pacific with 31, and the Middle East, with 17. The Middle East has the highest number of live 5G FWA networks, at 11, followed by Western Europe, with 8, and Asia-Pacific, with 6.

5G is already the second-fastest-growing new cellular network technology ever launched by the telecoms industry, behind only the first mass-market mobile service, 2G (GSM). The number of mobile broadband networks is 38% higher than it was for 4G two full years after the first launches, while in its first full year of commercial services 5G exceeded the total number of subscriptions 4G had after three years. 

Even with a strong start there still remains huge scope for growth for 5G as 85 % of CSPs have yet to launch 5G. This is partly due to local governments not making the 5G spectrum available yet. By 2025 Omdia expects there will be over three billion 5G mobile subscriptions, representing nearly one third of all total mobile subscriptions.

Paul Lambert, Principal Analyst at Omdia, commented: "The telecoms industry has been more successful than ever in agreeing extremely complex 5G technology standards, and then manufacturing network equipment and devices that enable service providers that want to get a head-start on 5G to launch.

"As activity shifts increasingly online, 5G, like previous technology generations, will both expand on and enhance the way people experience their connected digital lives. For specialist users, such as gamers, industries, and businesses, 5G also brings quicker response times, so that data-heavy experiences, services, and applications feel more vivid and immediate"

Consumer Interest:

5G smartphones from leading manufacturers such as Samsung and Huawei have been in the market for over a year, however consumer interest in 5G is set to grow following October’s iPhone 12 launch, Apple’s first 5G device.

Apple’s launch will have a significant effect on the global telecoms industry as it will encourage service providers across the globe that have yet to build their 5G networks to begin their planning in earnest. It will also enable CSPs to justify the new investments required to expand and enhance coverage beyond initial areas because more people will be ready to access 5G.

Meanwhile, even faster 5G speeds made possible by mmWave spectrum, which the iPhone 12 currently supports in the US, will enable service providers and their partners to create rich new site-specific services, for example in stadiums and shopping centres.

Omdia is a registered trademark of Informa PLC and/or its affiliates. All other company and product names may be trademarks of their respective owners. Informa PLC registered in England & Wales with number 8860726, registered office and head office 5 Howick Place, London, SW1P 1WG, UK. Copyright © 2020 Omdia. All rights reserved. 

*The majority of IHS Markit technology research products and solutions were acquired by Informa in August 2019 and are now part of Omdia. 

PR Newswire

COVID-19 Sparks Boom in Digital Hospitals with Smart Technologies, Improving Quality of Care

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Digital hospitals enhance patient care and improve healthcare staff’s efficiency and productivity, finds Frost & Sullivan

SANTA CLARA, Calif., Oct. 22, 2020 — Frost & Sullivan’s recent analysis, Digital Hospitals: Creating Growth Opportunities in Patient Care during the COVID-19 Pandemic and Beyond, finds that digital hospitals that deploy smart technologies, such as artificial intelligence (AI), remote health monitoring, and robotics, deliver higher standards of patient care and hassle-free experiences for health professionals. The adoption of such advanced technologies has witnessed strong traction during the COVID-19 pandemic. There is a massive influx of patients, and traditional hospitals are struggling to provide quality care and ensure health professionals’ safety. Technology adoption is expected to rise further in the next two to three years due to higher-quality care and significant productivity gains.

COVID-19 Sparks Boom in Digital Hospitals with Smart Technologies, Improving Quality of Care
COVID-19 Sparks Boom in Digital Hospitals with Smart Technologies, Improving Quality of Care

For further information on this analysis, please visit: http://frost.ly/4ou.

"Digital hospitals address limitations of traditional providers such as centralized care delivery, closed systems, fee-for-service care models and a reactive approach through decentralized care, interoperable systems, and outcome-driven and proactive approaches," said Neeraj Nitin Jadhav, Technical Insights Senior Research Analyst at Frost & Sullivan. "To improve patients’ satisfaction levels at every step of care delivery during their stay in the facility, digital hospitals are using technologies like hospital navigation, intelligent imaging platforms, medical robots, remote patient monitoring tools, medication management applications, communication tools, electronic health record (EHR) applications, and clinical decision support solutions."

Jadhav added: "Digital hospital operators need to focus on building internal architecture, especially staff workstations and patient rooms that follow evidence-based design (EBD), as these are the areas where clinical decisions are made and care is provided, respectively. Additionally, decentralized healthcare staff workstations outside the patient rooms can allow the staff to be closer to the point of care rather than a centralized area, which increases the travel distance for the health professionals." 

The increasing adoption of digital technologies in hospitals presents immense growth prospects for market participants in the digital hospital space, including:

  • Deploying smart patient tracking systems to manage patient flow, treatment progress, discharge, and other hospital processes.
  • Proper training and implementation of EHRs can improve a hospital’s ability to provide high-quality care and address health disparities in the population.
  • Use of AI to make supply chain management more sophisticated as the algorithms process huge volumes of hospital data to identify trends and provide insights to improve the facilities’ efficiency and quality of care.
  • Analyze data obtained from different hospital departments to empower local healthcare teams.

Digital Hospitals: Creating Growth Opportunities in Patient Care during the COVID-19 Pandemic and Beyond is the latest addition to Frost & Sullivan’s Technical Insights research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Digital Hospitals: Creating Growth Opportunities in Patient Care during the COVID-19 Pandemic and Beyond

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Hyperledger Announces Its 20 Certified Service Providers, and BSOS Taiwan is among them

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TAIPEI, Oct. 22, 2020 — As one of the world’s largest communities focused on blockchain technology, Hyperledger is dedicated to enterprise blockchain deployments through developing stable and reliable frameworks and tools including Hyperledger Fabric contributed by IBM, Hyperledger Sawtooth by Intel, Hyperledger Besu by ConsenSys, and other pivotal blockchain technologies.

Photo resource: Hyperledger Landscape
Photo resource: Hyperledger Landscape

Hyperledger recently announced a list of Hyperledger Certified Service Providers (HCSP). The list is an important reference to enterprises in search of Hyperledger technology partners that identifies only 20 companies across the globe. BSOS, a Taiwanese blockchain technology start-up is among them.

HCSP, the driving force for Hyperledger ecosystem

Julian Gordon, Vice President, Asia Pacific, for Hyperledger, stated, "We highly value the development of Hyperledger ecosystem. By collaborating with HCSPs, we aspire to provide more enterprises with assistance in blockchain development and attain tangible results in commercial values. BSOS is an exciting company with potential. It passed our strict requirements and tests in a short period of time, showcasing adequate technical capability."

Taking a closer look at the list of 20 HCSPs, one may deduce the high bar set for service providers at the sight of internationally renowned IT giants, e.g. IBM, SAP, Accenture, NEC, LG, Tencent, Ant Financial. "We’ve set rigorous qualifications for a company to be an HCSP. We currently have 20 of them, and we look forward to introducing more leading companies as our partners", said Julian Gordon.

BSOS set out to serve a global clientele on day one

"BSOS is honored to be an HCSP. It is a recognition of our R&D capabilities. We’d like to express our gratitude to Hyperledger for the validation. In the future, we look forward to collaborating more closely with members of Hyperledger ecosystem and help our clients achieve commercial value", said Daniel Huang, CEO of BSOS.

Asked how the company first got in contact with Hyperledger, Huang responded, "The day we founded the company, we told ourselves, we must operate internationally. In such a new area of expertise, we certainly have to be engaged in the global community. In addition to Hyperledger, we are also very pleased to introduce R3, EEA, ConsenSys, and HashiCorp as our new partners this year."

Enterprise-grade blockchain technology is headed toward maturity

We can take note of topics that stood out from trials conducted by developers across the world and try to identify what could be a fit for blockchain deployment. Meanwhile, we also see that tools and process methodologies developed sequentially by major developers like Hyperledger, R3, J.P. Morgan, or even start-ups like BSOS, are collectively driving enterprise-grade blockchain technology toward maturity. According to the world’s second-largest market research institution, MarketsandMarkets, the global blockchain market size is expected to grow from USD 3.0 billion in 2020 to USD 39.7 billion by 2025, at a 67.3% compound annual growth rate (CAGR).

In adopting blockchain technology, people would assume the financial sector conservative. Exceptionally, it has reacted faster, and more proactive than enterprises. Daniel Huang explained, "Our clients, especially financial institutions, are particularly sensitive to data facticity and asset liquidity. They promptly realized how blockchain technology can bring revolutionary changes. We look forward to having more successful cases in the financial sector which will further facilitate the development of distributed collaborative business ecosystems in other industries and create immense momentum in value circulation."

PR Newswire

App Annie Releases New Gen Z Report with Insights on Winning Over the Mobile Generation

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SAN FRANCISCO, Oct. 21, 2020 — App Annie, the leading mobile data and analytics company, today released a report on Generation Z, How to Build a Winning Gen Z Strategy on Mobile, that reveals the mobile habits of this generation to help businesses understand and cater to this group.

Gen Z is quickly becoming one of the world’s most powerful consumer segments – as one of the youngest generations, Gen Z amounts to a third of the world’s population and controls an estimated spending power of $143 billion annually. With 98 percent of Gen Z owning a smartphone, on average receiving their first at the age of ten, it’s clear that businesses looking to reach this demographic need to meet them on their mobile devices.

"Gen Z has never known a world without their smartphone. They see the world through this mobile first lens," said Ted Krantz, CEO, App Annie. "As new consumers, businesses have an opportunity to earn their loyalty. App Annie connects brands to the mobile preferences of this generation."

"Leveraging data to understand how to best reach consumers on mobile is more critical than ever, and Gen Z’s importance for marketers will only increase in 2021 and beyond. Businesses need to understand the values and user preferences of this audience to create truly engaging experiences on innovative platforms like Snapchat." Skye Featherstone, Product Marketing Manager, Snap, Inc.

Key insights and statistics about Gen Z from the report include:

  • On average Gen Z users spent 4.1hrs per month on apps (excluding games) in Q3 2020
  • TikTok and Snapchat are the most over-indexed apps among Gen Z in nine out of ten markets analyzed, indicating the importance of a photo and video-first strategy
  • The finance and shopping app categories have experienced the strongest growth YoY with the Gen Z audience, with a 60 percent increase versus Q3 2019
  • Finance apps like Venmo and DANA are more likely to over-index on Gen Z in most markets, indicating an opportunity for mobile-first banks to capture Gen Z audiences
  • Gen Z is less likely than average to use the top 20 shopping apps, indicating opportunity for brands to expand their Gen Z reach within this space
  • Gen Z’s engagement is deeper in apps (excluding games), with 20 percent more sessions per user in top apps than older groups
  • The Core action gaming genre (led by Battle Royale games such as PUBG Mobile and Free Fire) accounted for nearly 25 percent of time spent among Gen Z gamers

The How to Build a Winning Gen Z Strategy on Mobile report offers significant additional insight into the behaviors and preferences of Gen Z and where opportunities for brands lie within this critical audience, including how these attributes vary across different geographies and categories.

To learn more, download the report at: https://www.appannie.com/en/insights/reports/how-to-build-a-winning-gen-z-strategy-on-mobile 

About App Annie

App Annie is the industry’s most trusted mobile data and analytics platform. App Annie’s mission is to help customers create winning mobile experiences and achieve excellence.

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