Inside CTO/CIO - July 16th, 2019 |

Inside CTO/CIO (Jul 16th, 2019)

Congress and cryptocurrency/IRS looks to tech/DoD contract competition

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1.  The Democratic majority that leads the House Financial Services Committee released a draft proposal to keep big tech companies from functioning as financial institutions or issuing digital currencies. The proposal comes on the heels of Facebook's announcement that it plans to launch a new digital currency called Libra in 2020. The "Keep Big Tech out of Finance Act" says that it is "a bill to prohibit large platform utilities from being a financial institution or being affiliated with a person that is a financial institution and for other purposes." Facebook's partners in the Libra Association that will govern the new coin include Mastercard, PayPal and Uber, but no banks. Facebook exec David Marcus will appear before the Senate banking committee and the House financial services committee this week to address concerns about privacy, money laundering, consumer protection and financial stability that have been raised about its digital currency plans. - CNBC

2. The IRS may consider subpoenaing major tech companies to help it find taxpayers' unreported cryptocurrency holdings. Apple, Google, and Microsoft could be asked to provide the IRS with the complete application download history of a person under investigation for tax fraud, according to a slide deck presentation from an IRS training session. IRS staff also may be given training about how to monitor Facebook, Twitter and other social media accounts for public mention of crypto-related information, as well as vendors that accept bitcoin. The IRS is working on new tax guidance for cryptocurrency, the first update to its guidance since 2014, - COINDESK


3. Tanner Health Systems launched a single, integrated Epic EHR system across it healthcare properties as part of a complete infrastructure overhaul. The initiative to streamline health data exchange and care coordination across the healthcare network's five hospitals and more than 30 outpatient clinics and urgent care facilities in Georgia and Alabama was instituted to improve efficiency and care. Healthcare data exchange between Tanner Health and other Epic users across the country also will be easier to conduct. Some of the nation's largest and most prestigious hospitals and health systems use Epic's EHR system, including Oakland, California.-based Kaiser Permanente, Cleveland Clinic, and Johns Hopkins Medicine in Baltimore, In total, Tanner Health System’s economic impact to the regions it serves is more than $946.7 million in revenue. - EHR INTELLIGENCE

4. A new report compiled by the World Economic forum lists the emerging technologies that will attract investment and achieve scale within the next five years. The breakthrough technologies, which the report says will impact the global social and economic order, include metalenses to allow further miniaturization in sensors and medical imaging devices. Also on the list is collaborative telepresence technology, which will use augmented and virtual reality, sensors and 5G networks to let business people in different locations make physical exchanges with each other, such as shaking hands. Blockchain technology is highlighted as a way to monitor every step of a food item's progress through the supply chain to quickly locate the source of a contamination outbreak. - BIGTHINK  

5. Enterprise cloud platform Cloudera will adjust its licensing policy to a full open-source model. Cloudera acquired Hortonworks in January. Both are big players in the Hadoop big data space, and by making its software products available through open-source, the company is aiming to boost adoption and make itself attractive to a bigger pool of potential customers that can pay for additional services like dedicated support or consulting. - CIODIVE

6.  The federal government has to commit more resources to reinforce U.S. innovation if the country is to retain its technological and competitive leadership. Investment in science and tech research programs has faded, and that's even more of a concern than the outcome of the U.S. - China tech cold war, writes Robert D. Hormats, vice chairman of Kissinger Associates, and former undersecretary of State for Economic Growth, Energy and the Environment. Without reinforcing or restoring policies and programs for advanced technologies, economic and national security are at risk, he says. - The Hill

7. The inventor of the computer password, and recipient of the prestigious AM Turing Award, has died at age 93. Dr. Fernando Corbato was also the developer of the compatible time-sharing technique, for dividing up the processing power of a computer so that it could serve more than one person at once. - BBC

8. Amazon and Microsoft are contending for a $10 billion cloud computing contract with the U.S. Department of Defense. Oracle has lost its legal appeal to remain in the race. Iit had alleged that there was a conflict of interest between Amazon and the DoD resulting from Amazon's hiring of former department officials. The winner of the contract will provide department-wide cloud services that will underpin new AI-powered war-fighting capabilities via a common cloud environment. - COMPUTER BUSINESS REVIEW 

9. Startup Amperity, which uses AI to unify disparate customer data, has raised $50 million in a series C round led by Tiger Global Management, Customer data integration is an ongoing problem for companies, potentially creating compliance issues, merger and acquisition complications, and client dissatisfaction. Amperity uses machine learning to continually update and improve the accuracy of group and individual profiles as new information comes in. - VENTUREBEAT

10. Nearly 70 percent of users evaluate and purchase project management software in less than six months, as more businesses seek to increase operational efficiencies. A new Capterra survey finds that functionality, ease of use, price, and customer support were the most important factors influencing buyers' purchasing decisions. - TECHREPUBLIC

Jennifer Zaino is a freelance writer and editor specializing in business, technology, healthcare and education. 

Editing team: Kim Lyons (Pittsburgh-based journalist and managing editor at Inside), David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology), and Bobby Cherry (senior editor at Inside, who’s always on social media).

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