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Jankel and WAE Bring EV into

Jankel and Williams Advanced Engineering  collaborate to bring EV technologies and capabilities to the US Defence market

Jankel and Williams Advanced Engineering (WAE) are collaborating to bring EV technologies and capabilities to the US defence market

The partnership will combine complementary technologies and capabilities to help progress military hybrid and electrification projects

The partnership will see Jankel and WAE working on joint projects to electrify legacy and new military fleets across the US DoDJankel, a world-leader in the design and manufacture of high-specification defence, security and NGO protection systems, are collaborating with Williams Advanced Engineering (WAE); born out of the UK Formula 1 Williams Racing Team, to provide services and technologies to prime contractors in the US defence market. The partnership will see Jankel and Williams Advanced Engineering working on joint projects to electrify legacy and new military vehicle fleets across the US DoD.

Jankel’s US South Carolina based company Jankel Tactical Systems takes the lead in the USA with extensive experience designing, manufacturing and delivering vehicle-related technology and integration solutions in the US defence market. Williams Advanced Engineering is renowned for providing world-class technical innovation, engineering and specialist electric vehicle solutions across multiple applications. Proven out in the  Formula E and Extreme E arena, WAE is a pioneer in battery systems, battery management and EV drivetrain solutions across a wide range of sectors including motorsport, transport, mining and defence.

The partnership will combine complementary technologies and capabilities to help progress military hybrid and electrification projects no matter what the size, from a light tactical vehicle to the main battle tank. The experience, innovation and engineering expertise of both companies will be combined to leverage the integration, problem-solving, and tailored approach required to solve the military problem set, essential to help meet the military engineering challenges of the 21st century – mobility, sustainability and efficiency.

Craig Wilson, CEO, Williams Advanced Engineering said: “This partnership is well placed to support the integration and delivery of EV solutions and we look forward to working with the team at Jankel, combining our individual areas of expertise to deliver innovative and advanced solutions for the US defence market”

Andrew Jankel Chairman of the Jankel Group said: “Jankel is historically known around the world for providing outstanding vehicle survivability conversions and complex systems integrations.  However, in line with our new company strategy, we are also expanding our expertise to incorporate advanced technologies including remote autonomous systems, cyber security and platform electrification”. He added: “We are delighted to announce this collaboration with Williams Advanced Engineering to capitalize on some world-leading technologies and bring the very best to the US military by delivering potential EV solutions across its whole range of vehicles both old and new – driving mission success.”

Cryptocurrency illustration by Heather Skovlund for 360 Magazine

Cryptocurrency × NTFs

By: Heather Skovlund-Reibsamen

Cryptocurrency × NTFs

In recent news, Tautachrome Inc. has announced its patent attorney’s opinion on the early applicability of its KlickZie patents. The KickZie application will enable users to capture images that are invisibly marked and verified as the original. The owner of the image or video will have the ability to use, sell, and monetize their images. A simple tap on the image will allow users to communicate with the image’s author or others currently viewing the image. The patent is among many in the market of NFTs (Non-Fungible Tokens).

Cryptocurrency Breakdown:

Understanding cryptocurrency can be a headache! It is best to research thoroughly before investing your hard-earned money into just any digital asset. Let’s start with the basics: what is cryptocurrency?  Crypto, crypto currency, or cryptocurrency is a digital asset designed to work as a medium of exchange where individual coin ownership records are stored in a ledger existing in a form of computerized databases using strong cryptography to secure transaction records, control the creation of additional coins, and to verify the transfer of coin ownership. Now, cryptocurrency does not exist in a physical form, like your wallet filled with dollar bills.

Crypto Coins – Altcoins: Tokens, cryptocurrencies, and other forms of digital assets that are NOT bitcoin are known as alternative cryptocurrencies.

A few examples:

  • Peercoin
  • Litecoin
  • Dogecoin
  • Auroracoin
  • Namecoin

Tokens: Created and given out through an Initial Coin Offering, or ICO – much like a stock offering. Crypto tokens are a blockchain account that can provide functions other than making payments. Tokens are usually issued within a smart contract running on top of a blockchain.

  • Value tokens (Bitcoins)
  • Security tokens (to protect your account(s))
  • Utility tokens (designated for specific uses)

What does it mean when a cryptocurrency forks?

Sometimes a cryptocurrency will ‘fork’ and yes, that does sound confusing. It can be broken down into Forks, Hard Forks, or Soft Forks. Forks can be classified as accidental or intentional. An accidental fork happens when two or more miners find a block at the same, or almost same, time. The fork is then resolved when subsequent blocks are added and one of the chains becomes longer than the alternative. The network then abandons the blocks that are not in the longer chain, then referred to as orphaned blocks.

Hard Fork: A hard fork happens if a protocol or rule is changed so that the old protocol version is no longer valid.

Soft Fork: A soft fork occurs when a protocol or rule is changed, and the old version accepts the new version; enabling it to continue working.

What exactly are NTFs?

 A non-fungible token is a unit of data within a digital ledger called a blockchain. This is where each NFT can represent a unique digital item and are not interchangeable. A blockchain is a growing list of records (blocks), that are linked using cryptography. Each block has a cryptographic hash (a mathematical algorithm that maps data), a timestamp, and transaction data.

NFTs can be used to represent digital files such as audios, art, collectibles, sports, pornography, video games, and other forms of creative work. While copies can be made of these creative means, the NFTs representing the original are tracked on their underlying blockchains; therefore, providing the buyers with proof of originality and ownership.

In order to create an NFT, a file is uploaded to an NFT auction market. This creates a copy of the file recorded on the digital ledger as an NFT. This enables it to be bought with cryptocurrency and then resold. The artist can sell an NFT representing the work and still retain the copyright to the work as well as create more NFTs of the same file.

In addition, the buyer of the file does not gain exclusive access to the work or the original digital file. Unfortunately, a seller does not have to prove that they are the original artist either. There have been many cases where are was used for NFTs without the true artist’s permission.

Most Common Types of Cryptocurrency

Bitcoin: Invented in 2008 by a person or group using the name Satoshi Nakamoto. The currency began being used in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency leading the way for many others in the years to come. Bitcoins were created as a reward for a process known as mining (record-keeping service done electronically). Bitcoins can be exchanged for other currencies, products, and services.

Bitcoin Cash: A spin-off or altcoin of Bitcoin that was created in 2017 eventually splitting into two cryptocurrencies – Bitcoin Cash and Bitcoin SV. Bitcoin Cash is one of the most popular types of cryptocurrency on the market and holds a block size of 8MB. To compare, Bitcoin’s block size is just a mere 1MB. This means Bitcoin Cash processes at faster speeds for its users.

Litecoin: A peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin is nearly identical to Bitcoin. Created by Charlie Lee to improve on Bitcoin technology, with shorter transaction times, lower fees, and more concentrated miners. In May 2017, Litecoin became the first of the top 5 cryptocurrencies to adopt Segregated Witness – a soft fork implementation change in the transaction format of Bitcoin.

Ethereum: A decentralized, open-source blockchain with smart contract functionality developed by Vitalik Buterin. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization. Ethereum is also the most actively used blockchain. It focuses on decentralized applications (phone apps) – almost like an app store. Ethereum looks to return control of apps to its original creators instead of the middlemen (like Apple, for instance). The token name is Ether, which is used as currency by app developers and users.

Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc.  Ripple was released in 2012 upon a distributed open-source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value (frequent flier miles, for example). Ripple is geared more towards large companies and corporations than it is for individual users. Ripple is well known for its digital protocol because it allows large amounts of money in any form to be transferred.

Vitalik Buterin illustration by Kaelen Felix for 360 magazine

Vitalik Buterin × Ethereum

Vitalik Buterin, the 26-year-old Russian-Canadian and inventor of Ethereum, has amassed both wealth and fame as one of the most influential figures in the world of cryptocurrency.

A blockchain is a series of transactions that is based off of the other. A record of cryptocurrency transactions takes form, made up of code. This allows for decentralized governance and more secure transactions, because a third, intermediary party is not involved in the transaction. The transfer went from point A to point B (with many microscopic jumps in between). Thus, no data mined. This is what the blockchain platform, Ethereum, is made out of.

This disrupts the way we think about the internet, and the idea was coined by a 19-year-old. 

Buterin co-founded Bitcoin Magazine in 2011, which he wrote for until 2014. A noted fan of Bitcoin, Buterin set out to improve the cryptocurrency. According to Nathanial Popper of the New York Times, “the most basic aim of Ethereum was to make it possible to program binding agreements into the blockchain—the smart contract concept. Two people, for instance, could program a bet on a sports game directly into the Ethereum blockchain.” Once an official winner is declared, the money would automatically be allocated to the winner. 

In 2013, Buterin published a white paper advocating for what was just his idea at the time, the blockchain platform known as Ethereum. Venture capitalist Peter Thirl then granted him a $100,000 fellowship, which allowed him to drop out of the University of Waterloo in Toronto, and devote his time completely to his idea, which is now worth more than $43 billion.

It is obvious that Ethereum and Buterin have a bright future ahead of them—and blockchain technology, even more so.

According to Matthew Braga of Canadian Business, “major financial institutions are already showing interest in blockchains.” If companies were to commit to Ethereum, they would become much more democratic. Executives would no longer call the shots, but rather, pieces of secure, man-made code would behave transparently in accordance with the consumer’s wishes.

And they have. In 2017, Popper reported that approximately 30 companies would form the Enterprise Ethereum Alliance. Now, the EEA functions with a global developer community of more than 3,000 contributors. Their mission is, according to the EEA, is to “enable organizations to adopt and use Ethereum technology in their day-to-day business operations.”

Nipping at Bitcoin’s heals, Ethereum holds immense promise.

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