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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Ripple's XRP blockchain is about to get a new sidechain that will be compatible with Ethereum's new protocol.
Fast-Track Insights: TCS' COO claims that the growing amount of moonlighting among employees might bring down the Indian IT industry.
Chinese President Xi Jinping vows to earn victory for his nation in its fight to develop strategically important technology. His remark comes as a result of Beijing's growing concerns over US' attempts to separate the country from attaining cutting-edge capabilities. Jinping says that the government will currently focus on national strategic needs, gather the strength to carry out indigenous scientific and technological research, and emerge victorious in developing core technologies.
TCS' COO, says that the Indian IT industry could fall apart due to the ongoing moonlighting trend, which he termed as 'unethical' and that it could actually hurt client confidentiality and trust. Moonlighting has become a major concern for Indian IT companies. Until now, major companies like Infosys, Wipro, TCS, and HCL Tech have presented their concerns over moonlighting.
The Google Cloud Next Event has happened! The event, this year, presented itself with a number of exciting announcements. The highlight of the event was how the Google Workspace team is using the opportunity to announce a number of new tools across Gmail, Docs, Meet, and the rest of the Workspace ecosystem. The company is investing more in its 'smart canvas' concept for Docs and is about to integrate an AI-powered framing tool as a part of Google Meet features.
MasterCard introduced the Crypto Source, a new program that will facilitate financial institutions to bring secure crypto trading capabilities and services to their customers. The company has partnered up with regulated and licensed crypto custody providers, in an attempt to gain full access to a comprehensive suite of buy, hold, and sell services for select crypto assets.
Ripple developers are currently testing an Ethereum-compatible sidechain, a bridge that will connect it to the XRP ledger's mainnet. The XRPL is now live but is still in an early phase. The sidechain deploys the coding language Solidify, the same code that is used to program applications and smart contracts on the Ethereum network and other EVM blockchains.
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