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World IT news:
10/18/2017 11:37 PM
Blockchain gains traction in FinTech as payment networks emerge

J.P. Morgan has created what is arguably one of the largest blockchain payments networks to date.

The financial services company announced that the Royal Bank of Canada and Australia and New Zealand Banking Group Ltd. are the first two banks to join the blockchain network, "representing significant cross-border payment volumes."

J.P. Morgan created the Interbank Information Network (IIN), which it said will significantly reduce the number of participants needed to respond to compliance and other data-related inquiries that delay payments.

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10/18/2017 10:57 PM
What's new in Microsoft .Net Framework 4.7.1

With Microsoft’s release of .Net Framework 4.7.1 this week, the development platform gains critical improvements to garbage collection, security, and application configuration. 

To boost memory allocation performance, particularly for large object heap allocations, an architectural change to the garbage collector splits the heap allocation into small and large object heaps. Applications making a lot of large object heap allocations should experience a reduction in allocation lock contention and better performance.

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10/18/2017 10:02 PM
GE CIO: Machines will tell humans what to do, not the other way around

General Electric outfitted 650 British Petroleum (BP) oil rigs with sensors and software that report operational data to a central GE platform that analyzes it to optimize how the rigs run – making them 2 to 4% more efficient than before.

Jim Fowler, CIO, General Electric General Electric

Jim Fowler, CIO, General Electric

 

GE CIO Jim Fowler credits most of the improvement not with workers, but with machines. “Machines are telling people what to do more than people are telling machines what to do,” Fowler said at a meeting of the Open Networking User Group (ONUG) this week in New York. The sensors and accompanying software platform helped create incremental improvements in production and avoidance of downtime. He calls it the merging of information technology and operational technology to create value.

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10/18/2017 05:37 PM
EU wants more complaints about Privacy Shield deal with US

European Union officials want more people to complaint about Privacy Shield, the exemption to European Union data protection law that allows businesses to export personal information to the U.S. for processing.

Businesses making billions of dollars' worth of transatlantic data transfers are believed to rely on Privacy Shield, which was introduced last year to replace the Safe Harbor Agreement overturned by the European Court of Justice in 2015.

Its provisions include procedures for EU citizens concerned about U.S. companies' treatment of their personal information to complain to the company concerned, a dispute resolution body, or data protection authorities in the U.S. or in their home country.

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10/18/2017 12:00 PM
At GitHub, JavaScript rules in usage, TensorFlow leads in forks

JavaScript is the most-popular language on GitHub, based on pull requests from the popular code-sharing site.

Since September 2016, there have been 2.3 million pull requests for JavaScript, GitHub reports. Following web development staple JavaScript was Python, with 1 million requests, and Java, with 986,000 requests. Python displaced Java as the second-most-popular language on GItHub. Also improving its lot greatly in 2017 was TypeScript, Microsoft’s typed superset of JavaScript, which had 207,000 pull requests, almost four times as many requests as it had the year before.

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