The Australian Stock Exchange has pulled the pin on its much-vaunted blockchain project after seven years of work and at a loss of about $250 million. The ASX has been working with tech firm Digital Asset (DA) to develop a replacement for its Clearing House Electronic Subregister System (CHESS) based on distributed ledger technology since the… Read more »
More than 25,000 jobs are set to be cut at three of the biggest tech companies in the world, as rapid growth during the pandemic slows and broader economic headwinds pick up speed. Reports emerged this week that Amazon is planning to lay off about 10,000 people, on the back of Facebook parent company Meta’s… Read more »
Uber has experienced a significant cyber breach, with an 18-year-old reportedly gaining access to the tech giant’s internal systems and databases after tricking an employee. Uber on Friday confirmed it was investigating a “cyber security incident”, and that it had taken a number of its internal communications and engineering systems offline while this was taking… Read more »
At the start of August, more than a dozen Australian companies began a six-month trial of a four-day working week. It’s part of a growing trend, led by tech companies, of shortening the work week without a reduction in pay, with hopes of maintaining the same level of productivity. And it’s picking up steam across… Read more »
Internet of Things devices will soon be used to power and better manage cities’ transportation, power grids and security, with the rise of smart cities to drive unprecedented demand in connected devices. According to a new report by Frost & Sullivan on the growth of the IoT market, spending on smart cities around the world… Read more »
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