Edition #19:Web3.0 and Google's investments, Blockchain use case for notarizing documents, Amazon is down 24% YTD and heads into stock split and Lists
Hello Friends,
Hope you are doing wonderful.
Summer has finally arrived here and we could not be happier.
This week a lot of action has been taking place and I share some interesting bits here.
I am traveling for the next few weeks. So, I look forward to sharing what I learn from meeting CIOs, CISOs, and the community at large.
Google looks at using Web 3.0 to find its niche and differentiation
GCP has been trying to differentiate itself in the Cloud wars. They have established themselves on top of neural networks, containarization, and aggressive pricing. Now GCP may have found Web3.0 and crypto-based technologies as an area to take the bet upon. Google has brought in Citigroup to co-develop Web3 applications and set some examples.
The target is to become a top choice for the developer and the tools they need for Web3.0.
This is an interesting space.
Leading Brands like Nike, Warner music group and others are already looking to make aggressive investments in web 3.0 applications.
What do you think about Google's bet?
An interesting use case of Ethereum Blockchain in document notarization
We hear about the potential of Blockchain technologies.
But, I am more excited to read about real use cases and implementations of the technology.
Here is an interesting one.
"Autostrade per Italia" handles highway maintenance for the Italian Govt.
The company manages 4000 bridges.
Bridge inspection takes place every month. This makes for a total of 16,000 inspections per year.
They have successfully POCed and will be using blockchain tech to store every inspection record in its original form. This will help with government compliance. This will improve the process and notarize or certify these documents.
All thanks to the fact blockchains store immutable data.
If you're interested to read more about building the solution on AWS I'm going to link the article for you below.
Amazon and the beating it has taken on the stock markets recently
What are your thoughts about the beating Amazon stock has taken recently? it has been down 24% YTD as a lot of folks fear we are entering a bear market.
Some numbers to consider–
Slowest quarterly growth since 2001.
Revenue rose by 7%.
Operating income dropped from $5.3B to $3.7B.
Headwinds-
Global supply chain and labor shortage.
Globally shipping rates peaking.
Increase fuel costs and inflation post-Russia & Ukraine conflict.
Long-term bets or Bad investments?
Amazon has doubled its fulfillment network in the last two years.
It has been expanded and moved deeper with last-mile delivery services.
Launched "Buy with Amazon". A massive program that will take time to show results(revenues).
Huge focus on efficiency improvements and capacity sizing.
Do you see this as a temporary hitch or are you sense there is more pain here?
Microsoft lists: A no-code approach to MS Excel Functionality?
Microsoft has been investing in the application suite around work management and collaboration.
We have seen better integration of Microsoft teams with Outlook and the office suite. Microsoft "To do " has been making its way into the outlook and the lines are blurring.
Microsoft has come up with "lists" at the cross-section of "To-do" and a robust application like Microsoft Excel.
The list looks like a no-code approach to tracking, capturing, filtering information, and collaborating over it.
I am still interested to see how these applications pan out. Will the new code approach help move in the space of Microsoft Excel or users will like to see this as a standalone app. The app is now available for Android and Apple users.
Overall, I am liking the direction Microsoft is headed in.
Cheers
Saurabh