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BP's Senior Vice President of digital science and engineering tells latest edition of the ADIPEC Energy Dialogue series oil and gas industry should use technology to reimagine global energy system

Companies urged to look outside industry for innovative new ideas and ways to use digital technologies to take industry forward

ABU DHABI, UAE, July 1, 2020 /PRNewswire/ --The global oil and gas industry needs to embrace a new business mindset and new digital skills if it is to reap the benefits from deploying advanced digital technologies, such as artificial intelligence, big data and analytics, robotics and quantum computing.

Participating in the latest ADIPEC Energy Dialogue, Morag Watson, BP senior vice president of digital science and engineering, said the oil and gas industry has been slower than other industries to open up to the possibilities of leveraging digital technologies in order to compete and succeed in the energy transition.

"For me it is not just about the technology," Watson said. "Many of the technologies have been on a reasonably fast trajectory for a while. The industry has to be open to thinking, how can we do things differently?

"It doesn't just happen by saying here are 10 robots that are going to do your work for you. It just doesn't work that way. You have to have the right business mindset to make it possible for the technology to radically change how you do things."

Highlighting the oil and gas industry is still at the beginning of how digital technologies can help it meet the challenges being created by the energy transition, Watson said companies should look outside the industry for innovative ideas on how to use digital technologies to help them stay successful.

Watson cited BP's US $5 million investment in a Satelytics - a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions - as an example of how BP is making strategic investments in innovative, game-changing technologies and businesses that can help it reimagine the global energy system.

"At BP we see our venture capital program and the companies we help as a source of innovation and a crucial part of our strategy going forward," Watson said. "These people see things differently, things that we might not have seen for ourselves. We don't have all the answers and we want to engage with the external eco-system because we know the great ideas and solutions will come from many, many different places, helping us to innovate through our many challenges as we move forward."

Addressing the need to bring in new digital native talent into the oil and gas industry, Watson said it needs to do more to convince young people it offers exciting, fulfilling careers in an industry that is seeking answers to the greatest challenges facing the world, including climate change.

"The industry needs to embrace the diversity of talent that is available across the world and to inspire and attract people through a different lens by connecting them to the technology, or how we use it. A good example would be our investment in Beyond Limits, and saying how can we take technology that is used on Mars and apply that in the energy industry? That is a hugely inspiring story," Watson said.

The ADIPEC Energy Dialogue is a series of weekly online thought leadership events created by dmg events, organisers of the annual Abu Dhabi International Petroleum Exhibition and Conference. Featuring key stakeholders and decision-makers in the oil and gas industry, the dialogues focus on how the industry is evolving and transforming in response to the rapidly changing energy market.

ADIPEC attracts more than 155,000 energy professionals from 67 countries; including senior decision-makers and energy industry thought leaders, over 2,200 exhibiting companies and 23 national exhibiting pavilions as oil and gas companies convene to share views and best practices to address the long-term impact of the triple challenge of lower oil prices, weaker demand and over supply.

Held under the patronage of His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE; hosted by the Abu Dhabi National Oil Company (ADNOC); and supported by the UAE Ministry of Energy & Industry, the Abu Dhabi Chamber, and the Abu Dhabi Tourism and Culture Authority, ADIPEC takes place at the Abu Dhabi National Exhibition Centre (ADNEC), Abu Dhabi, UAE.

To watch the full Energy Dialogue series go to: https://www.youtube.com/watch?v=FRfj495moBU

About ADIPEC

Held under the patronage of the President of the United Arab Emirates, His Highness Sheikh Khalifa Bin Zayed Al Nahyan, and organised by the Global Energy division of dmg events, ADIPEC is the global meeting point for oil and gas professionals. Standing as one of the world's top energy events, and the largest in the Middle East and North Africa, ADIPEC is a knowledge-sharing platform that enables industry experts to exchange ideas and information that shape the future of the energy sector. The 36th edition of ADIPEC will be hosted by the Abu Dhabi National Oil Company (ADNOC) and supported by the UAE Ministry of Energy & Industry, Masdar, the Abu Dhabi Chamber, the Abu Dhabi Department of Culture and Tourism, Abu Dhabi Ports and the Department of Education and Knowledge. dmg events is committed to helping the growing international energy community.

Logo - https://mma.prnewswire.com/media/1176492/ADIPEC_Logo.jpg

SOURCE ADIPEC

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BP Invests US$5 Million in a Cloud-based Geospatial Analytics Software Company That Uses Advanced Spectral Imagery and Machine Learning to Monitor...

We were able to get our legislation into the NDAA in the next managers amendment, the Virginia Democrat revealed Tuesday during a USTelecom event.

Trump administration support helped secure this development, according to Warner. Larry Kudlow, who heads the National Economic Council, has spent months talking about the merits of 5G virtualization technology.

U.S. policymakers have coalesced around trying to crack down on Huawei and ZTE over the last year. And on Tuesday, the FCC officially designated Huawei and ZTE as national security threats and barred U.S. subsidy funds from flowing to companies that use their gear. FCC commissioners first proposed designating the two companies as threats in November.

The funding battle: Still, Warner also noted bad news, saying that Senate appropriators led by Appropriations Chair Richard Shelby (R-Ala.) have dramatically, dramatically, cut back the amount of federal investment to the point that its almost minuscule.

Warner explained the latest language would only allocate $50 million for research and design and $25 million for international development, which he called "puny at best."

Whats needed now, according to Warner, is industry pressure to try to drive these funding numbers higher. He told the USTelecom webinar participants that lawmakers will need CEOs to weigh in.

Whats next: Senators are debating the chamber's version of the defense bill on the floor now, with a goal of passing it by the end of the week. And Warner hopes to restore a bigger boost of funding when the Senate and House eventually hash out the differences between their competing defense policy bills.

Weve gotta make sure this legislation ... not only gets passed but in any ultimate conference or any subsequent event that we push up these numbers to demonstrate that the United States is serious about taking this next leap forward, explained Warner, a former telecom executive and the top Democrat on the Intelligence Committee.

What the U.S. does on 5G now, he said, will set a model for how policymakers approach artificial intelligence, quantum computing and a host of other tech policy issues central to competition with China.

Originally posted here:
Senators tussle over 5G investment in NDAA - Politico

Ethereum co-founder Vitalik Buterin said, on June 30, that the next major Ethereum upgrade will have to lean on current scaling methods for at least a couple of years, until developers finish the multi-phase project.

On Twitter, Vitalik Buterin said that ZK-rollups may become the dominant scaling paradigm for at least a couple of yearsuntil the upgrade is complete.

Ethereum 2.0 is the much anticipated evolution of the now five-year-old Ethereum blockchain. The vision for Ethereum 2.0 introduces a proof-of-stake method of blockchain governance. Proof-of-stake blockchains allow users to lock up a bunch of their coins and get paid for helping to secure the network.

When complete, Ethereum 2.0 is expected to expand the networks transaction speed to 100,000 transactions per second (TPS). But there will be at least a two-year delay before the new blockchain will be able to hit those numbers.

As Buterin explained on Twitter, Ethereum 2.0s data capacity will be upgraded before its computational power. This means it will be able to store more databut not process far more transactions.

This is due to the outline of the Ethereum 2.0 roadmap, which will see the Ethereum you know eventually become one of 64 shards in Ethereum 2.0. These shards, which can be thought of as horizontal expansions, will initially be able to hold and move data. However, the process of harnessing their shared computing power to increase Ethereum 2.0s transaction output will be a multi-year effort.

This leaves a gap, which, in the meantime, will be filled by a novel scaling solution known as ZK-rollups.

ZK-rollups can work with the current Ethereum network and allow it to process more transactions. They process the transactions off the actual blockchain, and then upload them every so often. Its a way of rapidly increasing the number of Ethereum transactionswithout causing a huge bloat on the network.

The Loopring decentralized exchange (DEX) has successfully used this scaling method in recent months, enabling it to process far more transactionsat a lower cost. The DEX claims to be able to handle over 2,000 TPS thanks to the technology.

But there is a potential flaw to using ZK-rollups, which centers around the notion of trust. According to the Ethereum 2.0 roadmap, setting up a ZK-rollup relies on a centralized partyusually a developer. The roadmap states, This undermines decentralization and opens the risk of social engineering hacking attacks by convincing a developer to manipulate code or provide vulnerability information. So its not a perfect solution, by all means.

The roadmap also pinpoints another potential threat in the form of quantum computing. The increased computational power delivered by quantum computers would likely break the encryption used by ZK-rollups, meaning an attacker could potentially hack the blockchain. However, every blockchain shares that same weak point.

ZK-rollups look like the best Ethereum scaling method in the short-term, and are already being used in Ethereum 2.0 test networks. However, over the next couple of years, any problems encountered by ZK-rollups will also be shared by Ethereum.

See the article here:
Ethereum 2.0 will walk and roll for two years before it can run - Decrypt

Quantum Computing in Aerospace and Defense Market is analyzed with industry experts in mind to maximize return on investment by providing clear information needed for informed business decisions. This research will help both established and new entrants to identify and analyze market needs, market size and competition. It explains the supply and demand situation, the competitive scenario, and the challenges for market growth, market opportunities and the threats faced by key players.

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Companies Covered:D-Wave Systems Inc, Qxbranch LLC, IBM Corporation, Cambridge Quantum Computing Ltd, 1qb Information Technologies Inc., QC Ware Corp., Magiq Technologies Inc., Station Q-Microsoft Corporation, and Rigetti Computing

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Exclusive Research Report to Uncover Key Factors of Quantum Computing in Aerospace and Defense Market 2020-2025 - Morning Tick

For the widest possible and mobile Internet coverage, wireless communications are essential. But due to the open nature of wireless transmissions, information security is a unique issue of challenge. The widely deployed methods for information security are based on digital encryption, which in turn requires two or more legitimate parties to share a secret key.

The distribution of a secrecy key via zero-distance physical contact is inconvenient in general and impossible in situations where too little time is available. The conventional solution to this challenge is to use the public-key infrastructure, or PKI, for secret key distribution. Yet, PKI is based on computational hardness of factoring, for example, which is known to be increasingly threatened by quantum computing. Some predictions suggest that such a threat could become a reality within 15 years.

In order to provide Internet coverage for every possible spot on the planet, such as remote islands and mountains, a low-orbiting satellite communication network is rapidly being developed. A satellite can transmit or receive streams of digital information to or from terrestrial stations. But the geographical exposure of these streams is large and easily prone to eavesdropping. For applications such as satellite communications, how can we guarantee information security even if quantum computers become readily available in the near future?

Yingbo Huas Lab of Signals, Systems and Networks in the Department of Electrical and Computer Engineering, which has been supported in part by Army, has aimed to develop reliable and secure transmission, or RESET, schemes for future wireless networks. RESET guarantees that the secret information is not only received reliably by legitimate receiver but also secure from eavesdropper with any channel superiority.

In particular, Huas Lab has developed a physical layer encryption method that could be immune to the threat of quantum computing. They are actively engaged in further research of this and other related methods.

For the physical layer encryption proposed by Huas lab, only partial information is extracted from randomized matrices such as the principal singular vector of each matrix modulated by secret physical feature approximately shared by legitimate parties. The principal singular vector of a matrix is not a reversible function of the matrix. This seems to suggest that a quantum computer is unable to perform a task that is rather easy on a classical computer. If this is true, then the physical layer encryption should be immune from attacks via quantum computing. Unlike the number theory based encryption methods which are vulnerable to quantum attacks, Huas physical layer encryption is based on continuous encryption functions that are still yet to be developed.

See the article here:
Better encryption for wireless privacy at the dawn of quantum computing - UC Riverside