Global Scans · Trust · Weekly Summary

WHAT'S NEXT?: Trust in politicians and experts is falling fast. Privacy is under threat and may lead to a collapse of confidence in technology as the world is increasingly networked. Unless reliability, integrity, and surety can keep pace with accelerating change trust in anything but oneself may disappear.

• [New] The Worldcoin Foundation is launching the Layer-2 blockchain, World Chain, which will integrate novel authentication methods and prioritize human users to address scalability issues and enhance network efficiency. Crypto Daily
• [New] The integration of IoT in manufacturing processes extends cyber risk to all operational areas, including heavy machinery and production lines, making cyber threats a critical business concern (Deloitte United States). Inszone Insurance
• [New] A surge of confidence by supporters of the Islamic State terror group - reflected in a series of online threats against Europe combined with its deadly attack on a concert hall in Russia - is giving security officials in the United States cause for concern. Counter Extremism Project
• [New] Business and consumer confidence remain particularly weak which could lead to more unemployment and financial stress than expected while structural challenges facing the economy in China remain a concern given its importance for the global economy and for New Zealand's trade. IC Markets | Official Blog
• [New] The US-built vessel will not only contribute towards reliable, affordable and clean energy, but also benefit local communities in creating a significant local know-how and job opportunities, paving the way for future growth in the US offshore wind industry. ONT
• [New] The UAE remains confident that its investments in clean energy will pave the way for a sustainable future for future generations. Dailynewsegypt
• [New] Designers have the opportunity to integrate the latest technologies, such as AI, IoT, and 5G, into their designs, creating products that are not only cutting-edge but also highly relevant to the tech-savvy Chinese consumer. Shield Works - Precision Manufacturing
• [New] Financial institutions must advance trade finance digitization and technology integration, essential for bolstering due diligence, enhancing financial crime prevention, and safeguarding the global financial system from TBFC threats. FinExtra
• [New] Nissan plans to showcase a full electrified lineup, collaborations with leading Chinese companies in the field of intelligence, and an innovative booth design employing 3D technology to vividly demonstrate how Nissan vehicles will integrate into future lifestyles. Global Nissan Newsroom
• [New] At Auto Guangzhou 2023 last November, GAC Group unveiled its intention to integrate all-solid-state batteries into vehicles by 2026. wapcar.my
• [New] China's and Germany's reliance on external demand rather than stimulative domestic policies to bolster their economies could cause rising tensions with trading partners and put a damper on global growth. Brookings
• [New] Companies like Google have been at the forefront of integrating AI into their products to enhance security measures and protect sensitive data against cyber threats. elblog.pl
• [New] The Stabroek block developments are among the lowest emissions intensity assets in ExxonMobil's upstream portfolio and will provide the world with additional reliable energy supplies now and for years to come. MarketScreener
• [New] In an armed conflict between Tokyo and Beijing, the United States should expect to be drawn in to help preserve Japan's Self-Defense Force, restore Japanese territorial integrity, and gain control of key air and maritime areas to enable Japanese Self-Defense Force operations. US Army War College - Strategic Studies Institute
• [New] Driven by the projection that global data volume will reach 175 zettabytes by 2025, organizations are revamping their cloud-based file transfer processes and reassessing security protocols to protect data integrity and comply with regulatory mandates. Dataversity
• [New] Future plans include strategic expansion of reach beyond current borders, to offer merchants all over Europe the opportunity to proactively cater to international customers by integrating their preferred local payment methods. FinExtra
• [New] Levels of business confidence remain unchanged, with 56% of UK businesses expecting an increase in turnover in the next twelve months. East Lancashire Chamber of Commerce
• [New] Smoothing the path for immigrants to integrate into destination countries could add between $800bn and $1 tn to the global economy annually. Carbon Brief
• [New] By 2026, 80% of large enterprise finance teams will rely on Gen AI, with significant impact in the areas of trust, risk and security management ¹. FinExtra
• Transport Canada has set aside $50 million for the new Advancing Supply Chain Digitalization call for proposals (Digital call), which targets projects that will strengthen Canada's digital infrastructure and make Canada's transportation supply chains more efficient and reliable. Transport Canada
• The Space Force wants SATCOM that can boost data transport speed, capacity, agility, flexibility, reliability, and/or resiliency and will choose capabilities that can be easily integrated into multiple system types. Defense One
• The integration between U.S. and Japanese constellations of LEO satellites provides an opportunity to improve communications and increase the resilience of both nations' space capabilities. The White House

Last updated: 22 April 2024