For one of the biggest robotics competitions on earth, a team of Generation Z-ers from South Africa made their way to Mexico accompanied by a robot with the fists and fury to fight.
You have heard of the South African national rugby team, the Springboks.
But these are the Springbots, the team of Generation Z-ers that represented the country at the Olympics of robotics, in Mexico in August, and came home placed sixth, also winning a gold medal from Walt Disney for their creativity and inspiring story.
We meet them a month before their trip, as they prepare for the battle, armed with their weapons – an iPad and a controller – and a robot no more than a meter tall made up of aluminium, wires, motors and gears.
In anticipation of the FIRST Global Challenge (FGC) 2018, one of the biggest bot fights on earth, 18-year-old Mikhaeel Reddy demonstrates how with the press of a button, he is able to get the robot to lift and drop things.
Also 18, Barbara Moagi, another team member, connects and programs the robot via an app.
Reddy and Moagi are part of a group of four including Tshenollo Mokwana and Masana Mashapa, and say they are the only team from South Africa at FGC this year, competing with 175 other teams from across the world and with students aged 14 to 18.
The robot they have built features an image of former South African president Nelson Mandela raising his fist in triumph (as he famously did on the day of his release from prison). It’s the team’s tribute to the late leader on his centenary year.
“We have decided to call this robot Madiba,” say Reddy and Moagi to FORBES AFRICA, a name they decide on in the midst of the interview.
With jolts and jerks, and in rotating motions, Madiba, the robot, deftly moves around. Reddy works some magic on his pedals, and in an instant, Madiba grows to two meters tall.
“We don’t know if we can build a better world for our kids but we can build better kids for the future,” says Jason English, the CEO of CG Holdings and the team’s sponsor.
Madiba is only a small step in the quest for greater victories.
The Springbots are STEM (Science, Technology, Engineering, and Mathematics) enthusiasts hoping to be the next generation of scientific leaders working together to solve some of the world’s most pressing problems such as food security, energy shortage and access to clean water.
With the FGC’s theme this year being energy impact, the robots assist to fuel power plants, initiate renewable energy plants, and build a resilient transmission network.
“It’s like playing Lego, just a little bit more difficult,” says the team’s mentor Wernich Van Staden.
“A lot of children don’t have the means to say ‘I went to school that enabled me to do this’.”
The skills equip the students to be able to assemble solar panels and hydroponic systems that water crops.
“The robot’s key focus is to be able to pick up energy cubes to deposit into combustion plants, solar panels, and be able turn the wind turbine within the game-playing field,” says team captain Reddy.
The Springbots are participating at FCG for the second time. Last year, they came 77th out of the 175 teams that participated in Washington in the United States (US). They lost their final match to Poland.
“The purpose is not to win, the purpose is to build alliances with people and network…and create a positive impact in the world,” says Reddy, who wants to become an engineer.
He says the networking skills have also helped him understand the world better.
Some of the other African teams that participated this year were Gabon, Cameroon, Nigeria, Uganda, Gambia and Ghana.
Ghana had an all-girls team. Last year, the FGC made headlines when Afghanistan’s all-girls robotics team were denied visas to participate in the competition. It took an intervention from President Donald Trump’s administration to grant them admission to the US.
For the Springbots, one of the biggest challenges was receiving sponsorship.
The four students are from public schools, therefore acquiring funding was not easy.
“Corporates are not willing to sponsor robotics because they are not aware of what it is. It is something new so they are afraid of it,” the team’s manager Roxanne Reddy says.
At the moment, robotics is not part of the curriculum in South African schools, but the team hope their efforts will be a step in the right direction to influence policy-makers to include it as a subject to prepare the youth for the Fourth Industrial Revolution.
“It’s not just about robots, it’s also about the coding, and programming of these robots,” says English.
The happy outcome has been the launch since last year of a robotics club in their school and they have already received over 200 applications. The team are now back and Madiba has returned too with more insights on changing the world.
Data Is The New Gold
The city of Johannesburg was established in 1886 after the discovery of gold. Gold is a mineral that has been deemed valuable for thousands of years. It does not rust and it is malleable.
Gold has been used in jewelry as well as in the semiconductor industry to build electronic circuits. You can bury gold for hundreds of years and the worst it can get is accumulate dust.
Because of its durability, gold has been used to store value in the form of money. In many countries, printed and minted money used to be linked to stored gold, which was reserved in the central bank. This way, central banks used to print as much money as they had gold reserves. There had been many attempts to move away from the gold standard beginning in the United Kingdom in the 1920s.
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However, the first successful move from the gold standard was in the 1970s during the Nixon Administration in America.
At this time, the United States (US) ran out of gold and moved from the gold standard and floated the US dollar. Floated currency is regulated by the laws of demand and supply and is closely linked to the economic productivity of a country.
The idea of gold as the most important economic asset has passed. Instead of entrepreneurs going to California to look for gold, as they did in the past, they now go to Silicon Valley to create companies that exploit the acquisition and sharing of data.
Facebook is one such company that has connected the world and expanded our friendships – although, in my opinion, it lowered the quality of those friendships.
Facebook’s most valuable asset is not the software that connects people, which can easily be replicated, but the data of the over two billion active users it connects.
The most valuable asset of Uber, the ride-hailing service that does not own a single taxi, is the data of the people who use it. The prime asset of Google, the largest library, which owns no physical library, is the index that takes customers to their desired websites.
Therefore, the new valuable asset is not gold but it is data. Data has become the new gold! With a population of 1.3 billion people and a total purchasing power parity gross domestic product (GDP) of $6.74 trillion, the population of Africa is growing at the rate of 2.6%.
Much of Africa’s demographic is youthful. Much of this population is increasingly connected to the internet.
In 2017, Facebook had 170 million subscribers, which constitutes approximately 15% of the total population of Africa and this subscription is growing. Companies such as Google reportedly give accounts in exchange of subscriber data. These companies have been reported to have sold this data to entities such as advertisers, political parties etc. The exchange of personal data for an account is unfair trade because the value of personal data is far greater than the value of an account.
What do we do to commercialize the vast African database?
Firstly, we need to develop technological capacity to gather, process and monetize the African database. To achieve these, we ought to improve and expand our educational institutions, paying attention to the development of programs in data science. We need to embed data science subjects such as data analytics and software engineering into primary, secondary and tertiary education.
Governments and the African Union ought to expand projects such as the Deep Learning Indaba as well as the African Institute of Mathematical Sciences that are developing mathematics, machine learning and artificial intelligence expertise in Africa.
To gather data, we need to politically organize ourselves to create economies of scale. Regionally, organizations such as the Southern African Development Community (SADC) and Economic Community of West African States (ECOWAS) should create regional data banks that collect, protect and store regional data.
Continentally, the African Union should coordinate data gathering and develop data protection policies. We need to create laws and policies that regulate data nationally, regionally and continentally.
– Tshilidzi Marwala is a professor and Vice-Chancellor and Principal of the University of Johannesburg. He deputizes President Cyril Ramaphosa on the South African Presidential Commission on the Fourth Industrial Revolution.
Everything You Need To Know About The Future Of Pesticides And Bees
Seeing a bee in the city often results in panicked humans running away out of fear of being stung. But the bees are likely less interested in humans than they are in the wildflowers they’re circling around, which are likely a safe and pesticide-free place for the bees to feed. Contrary to what we might assume, researchers have found that urban bees tend to live healthier lives than rural ones — they reproduce more, have more food stores, encounter fewer parasites and live longer.
Pesticides are a tricky topic — while they are great for the crops they are meant to protect, they harm the bees that agriculture relies on. Their use sparked debate at the Forbes 2019 AgTech Summit, where beekeepers discussed the impact of these chemicals for bees, and the potential research still needed to understand their effects, and how technology, urban settings and regulation will affect the future of pollinators. Here’s everything they said — and you need to know — about how pesticides affect bees.
What are pesticides, and how do they affect bees?
Farmers have traditionally used pesticides to control pests like weeds, insects, mold and mildew and animals like rats and mice, according to the National Institute of Environmental Health Sciences. But they weren’t supposed to affect bees, who are critical to our food system — their pollination impacts every third bite of our food, according to the Pesticide Action Network, a nonprofit that challenges pesticide use in farming.
The most harmful chemicals to bees are known as neonicotinoid pesticides. Scientists have found that bees can be poisoned by flying through a field sprayed with the chemicals, but usually bees find harm through drinking contaminated pollen, nectar and water over time, according to PAN. Exposure to these pesticides can detrimental harm to bees over time, weakening their immune systems, shortening their adult life cycle and increasing their disorientation, and could be a cause for Colony Collapse Disorder. While the U.S. Environmental Protection Agency banned 12 types of neonicotinoids in May — from companies Syngenta, Valent and Bayer — there are still 47 more types on the market.
Can technology help with pesticides use?
There’s lots of startups looking into technology to change pesticides use and how we define them, especially in Europe, said Dr. Fiona Edwards Murphy, co-founder and CEO of ApisProtect. Her company, based in Ireland, utilizes machine learning to gather data about bee hive health. But Carly Stein, founder of Beekeeper’s Naturals, said that to completely rely on these new solutions for pesticides wouldn’t necessarily be the right solution. “To think there is going to be a pesticide outlet that’s not going to be damaging in some way, shape or form is just a little bit naive,” Stein says.
If anything, removing pesticides all together could mean growers would have to resort back to older methods of pest control that could potentially be more harmful to the bees, says Stein, who was listed on Forbes’ 2019 30 Under 30. Instead, there should be further research into how pesticides interact with other chemicals, and the subsequent effect on bees. Her company — whose mission is to reinvent the medicine cabinet with bee-based products —outsources its production to regions with no pesticides use like Canada, and conducts third-party pesticides testing on all its raw materials to produce its organic products.
How can urban beekeeping help?
But there are locations that are more sustainable for beekeeping, though, and they might not be where you predict. Timothy “Paule” Jackson’s nonprofit, Detroit Hives, builds urban bee farms in abandoned lots in Detroit, Michigan. By planting wildflowers, it provides bees a safe place to feed with little to no pesticides, Jackson said. “We have so many bees where wildflowers are sprouting, and we’re not spraying any chemicals on these wildflowers that they are actually boosting the native bee population,” Jackson says.
Stein mentioned that urban bees are often healthier than wild bees because of urban bee farms like Detroit Hives. While she loves meeting urban beekeepers, the issue is that there aren’t enough of them to sustain commercial production in the U.S., she says.
How can growers help beekeepers?
While there may be no immediate solution to pesticides, what’s needed is a stronger line of communication between beekeepers and growers, said Ellie Symes, CEO Of The Bee Corp and winner of the THRIVE Sustainability Award. She’s noted that her company has actually started working closer with growers, helping bridge the gap of education between the two groups of agricultural workers. It’s helpful for at least beekeepers to know what crops are being sprayed with pesticides and when, she says.
“We are starting to see the different players working together, the chemical companies getting involved and being interested and that’s what matters,” Symes says. “We’ll figure this issue out, but everyone’s gotta be involved.”
=Haley Kim; Forbes Staff
The Anatomy Of A Fake Cryptocurrency Trade: How Exchanges Create Phony Transactions
Take a close look at trading activity on BKEX—a cryptocurrency exchange founded in 2018 and registered in the British Virgin Islands—and you’ll see something odd. Compare its transactions side-by-side with those of Binance, one of the largest crypto exchanges in the world, and you’ll notice BKEX’s trading history is a replica, printing the same numbers delayed by a few seconds.
According to CoinMarketCap, BKEX has $1.1 billion in daily volume, making it the 20th-largest exchange on the planet. Yet it seems to be simply copying Binance’s trade history and passing it off as its own, in perhaps the laziest attempt in history to fool people into thinking it’s a lively place to trade digital assets.
A new report by Alameda Research, a 20-person crypto trading firm with offices in Hong Kong and Berkeley, California, reveals a clever set of tricks used by crypto exchanges to fabricate volume.
In the wake of other reports on phony trades, including one by digital asset manager Bitwise indicating that 95% of all transactions are bogus, Alameda felt it could create better research by leveraging its trading data and experience.
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The startup was cofounded in 2017 by Sam Bankman-Fried, 27, an MIT alum and former trader at high frequency trading outfit Jane Street. Gary Wang, 26, a fellow MIT grad and former Google software developer, is his cofounder. The firm has $100 million in assets, and over the past month it has traded $1 billion a day on average, making it one of the largest crypto trading firms in the world.
Exchanges make money by charging users to trade, and they have many reasons to artificially inflate volume. More activity means a higher rank on the still-popular website CoinMarketCap, which can attract new users.
Exchanges also charge fees to new cryptocurrency projects that want to get listed in their marketplace, and the perception of popularity helps them command higher rates. Since an exchange’s place of business is just a website or an app, and many located outside the U.S. are unregulated, it can publish any numbers it wants and call them trades.
Meanwhile, CoinMarketCap continues to insufficiently vet exchanges’ transaction volume, often taking companies at their word and publishing dubious numbers.
According to Alameda’s research, another method exchanges use to juice their statistics is sneaking in large, fake transactions amid a flurry of smaller ones. CoinEgg, a Hong Kong-registered exchange that trades $1.1 billion a day reported by CoinMarketCap, recently employed this tactic with litecoin (LTC) trades.
During a period when Alameda observed 15 different offers to buy and sell litecoin in a maximum quantity of 134 LTC, several trades printed as large as 2,000 LTC, as if a buyer appeared out of thin air.
Trading marketplaces typically publish their “order book,” showing a list of bid prices at which people are willing to buy an asset, plus a separate set of offer prices where people are willing to sell.
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For instance, Bill might be willing to buy bitcoin at $10,000, while Mary wants to sell at no less than $10,050. For a trade to happen, a new buyer must be willing to pay the $10,050 that Mary is offering, and the vast majority of trades that clear will align with orders that previously showed up in the order book, unless two users place offsetting orders at the same exact time.
Yet on some exchanges, trades get executed at prices and sizes that fall outside anything sitting on the order book. On Digifinex, a Singapore-based crypto trading venue, Alameda observed bids and asks for bitcoin between $8,296 and $8,298, but several trades printed at $8,290 and $8,293, prices lower than what anyone was willing to sell at.
On LAToken, a Moscow digital exchange, Alameda saw bids and offers with a maximum size of 1.6 bitcoin in the order book. Implausibly, several trades sailed through at sizes up to 20 bitcoin. LAToken founder Valentin Preobrazhenskiy says his platform only has a “tiny share” of 20-bitcoin orders and that exchanges use inflated volumes as a marketing tool.
“The situation would change when large exchange-ranking sites would add a section for trading volumes based on trades reported to regulators,” he says. On Singapore-based ABCC, the best bid and offers Alameda saw were for sizes less than one ether, yet several transactions materialized with sizes of up to 11 ether.
Among trading venues, there’s also the well-worn method of simply printing transactions that fall in the middle of the bid and ask prices, which Alameda’s research spotted in IDAX and Coineal. In total, Alameda’s report gives examples of fishy trading patterns on 60 different crypto exchanges. Aside from LAToken, none of the exchanges named above responded immediately to Forbes’ request for comment.
The methodology behind Alameda’s research was to test each exchange on six different criteria. First, they manually looked at an exchange’s order book and observed where trades printed. If more than 10% of transactions didn’t appear on the order book, it failed on this dimension. Another test involved observing the percent of an exchange’s trades that took place at the best available bids or offers.
A third criterion was to analyze how much Alameda itself traded on a given exchange, since the startup deals in “virtually every cryptocurrency,” considers its algorithms “exchange-agnostic” and estimates that it trades 5% of all global crypto volume.
“If we trade more than .5% of an exchange’s reported volume, we consider that exchange to pass according to this criterion,” the report reads. For more details on its methodology, see the full report.
Beyond exchanges’ bad behavior, the report has other provocative insights. It claims that crypto—including both “spot” trades of actual digital assets and derivatives, like bitcoin futures—trades $38 billion in real volume a day, and 87% of that happens on Asian exchanges, with just 9% happening on U.S. venues. The strict regulatory environment in the U.S. is likely a contributing factor in Asia’s dominance, Alameda says.
Compared with Bitwise, which released a follow-up fake volume reportin May 2019, Alameda thinks more crypto volume is real. For large exchanges like OKEx and Huobi, which were founded in China, Alameda estimates about 70% of their transactions are authentic.
Bitwise is much more skeptical, as is the Blockchain Transparency Institute, which has estimated that more than 60% of Huobi’s volume is fake and more than 90% of OKEx’s volume is fabricated.
A Huobi spokesperson says it doesn’t engage in wash trading, but that it has observed some market-makers doing so on its platform, and it takes steps to stamp them out.
An OKEx spokesperson says the company isn’t involved in and doesn’t tolerate wash trading, adding, “Recently we have joined the Data Accountability & Transparency Alliance (DATA) led by CoinMarketCap, as a commitment to reveal as much data as possible.”
-Jeff Kauflin; Forbes Staff
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