Stanford University Researchers Coming Up with an Ingenious Solution to Crypto Theft; Tech Market Roundup

Here is some quick tech catch for you so that you stay updated with the latest crypto and tech news

Good Morning Tech Fam, here's a quick tech update for you to catch on:

What's new today: With crypto theft becoming a common occurrence, Stanford University researchers have come up with an ingenious solution; Crypto trader floats tea stall that accepts Bitcoin.

Fast-Trach Insights: Skill-based programs on the rise to bridge tech talent shortage; India-US look at technologies and closer cooperation among militaries.

Researchers from Stanford University have developed a prototype for 'reversible transactions' on Ethereum, claiming it could be a way to mitigate the effects of crypto theft. Kaili Wang, a blockchain researcher at Stanford University, provided an overview of the Ethereum-based reversible token concept in a tweet on Sunday. She noted that the idea is still in its early stages and is intended to spark discussion and lead to even better solutions from the blockchain community.

What if you could take the slightest risk possible that might change your life? That's what a young man from Bengaluru did by dropping out of college to start his own business. With an initial capital of just Rs 30,000, Shubham Saini, a 22-year-old student set up a tea stall named 'The Frustrated drop out'. The stall, which accepts Bitcoin as payment, has become a popular hangout for crypto enthusiasts.

The recent debate around moonlighting in the IT industry has highlighted the growing demand for skilled talent in the ICT sector. The global shortage of tech talent has been fuelled by the rapidly changing technology landscape. Companies are looking at leveraging the best tech talent to not only improve user and client experience but also for exploring new growth avenues.

India and the US, on Monday night, committed to having deeper defense cooperation to include sharing of emerging technologies and militaries on better information sharing and logistics. Indian External Affairs Minister S Jaishankar who is on a visit to the US met US Defense Secretary Lloyd J. Austin on Monday night in Washington.

Domino's Pizza, Dunkin' Donuts, and Popeyes franchiser, Jubilant Foodworks completed the acquisition of a 29.42% stake in Roadcast Tech Solutions on Monday. In July, the food service company signed a share purchase agreement to acquire a total 40% stake in Roadcast. That said, the remaining acquisition of a 10.58% stake in Roadcast is likely to complete by October 26 this year.