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Innovation

Innovation

The main Spanish banking, energy and telecommunications companies, among other sectors, have established Alastria, the world's first regulated national network based on blockchain. This non-profit consortium will develop the Ditributed Ledger Technology (DTL), which is set to become the new data exchange ecosystem and which will enable and accelerate the digital transformation of different industrial and business sectors in the coming years thanks to its agility, veracity, security and efficiency.

Airbus continues its firm commitment to completely revolutionizing means of transportation. Like Spacex and Musk with their Hyperloop, Airbus reported that they’ve just successfully completed the first propulsion tests with their City Airbus demonstrator – a multi-passenger, self-piloted electric vertical take-off and landing (VTOL) vehicle designed for urban air mobility. The first flight test of the demonstrator is scheduled for end of 2018.

The development of new technologies as a means to alleviate workloads is part of the day to day running of businesses. Increasingly, robots, artificial intelligence, and computer algorithms are taking over humans in the execution of mechanical tasks. However, many theoreticians are wary of the consequences this development will bring upon the workplace. Darrel M. West discusses the impact of these emerging technologies on society in the book 'The Next Step. Exponential Life', which can be downloaded for free from the BBVA OpenMind project website.

The upgrade of the mobile phone: some people anticipate it, and others try to put it off. However, updating to a new device doesn't imply having to discard the older one. There are various features that can give a second life to your former smartphone, which are much better than letting it gather dust on a shelf or occupy space in a drawer.

The European Union wants to boost the level of data protection for Europeans, and to this end, it has approved the General Data Protection Regulation (GDPR). The GDPR establishes a series of new requirements, including the mandatory designation of a Data Protection delegate within institutions and companies handling sensitive data. The delegate will be responsible for ensuring that the personal information handled by these organizations is adequately protected. BBVA has already created that post, getting ahead of the standard’s effective date.