Huawei confirms Honor sale US vetoes save in an operation that could be around 13.000 million euros: Huawei has confirmed this morning the sale of its Honor brand. "Huawei's consumer division has been under enormous pressure lately due to the persistent unavailability of some technical elements for the mobile phone business," the firm has acknowledged.
Although the Asian has not given details on the financial terms, media such as The Associated Press collect that the rumors of the last days speak of an operation that would rise to 100 million Chinese yuan, more than 12.800 million euros at the current change.
"Huawei has decided to sell all its Honor assets to Shenzhen Zhixin New Information Technology," a consortium of agents and distributors from the Chinese city of Shenzhen. "The sale will help Honor selling partners and distributors during these difficult times."
As Huawei has detailed in an official statement, the move will allow Honor to survive. The operation was proposed by the distributors and partners of the company. Until the operation is completed, Huawei assures that it will not make any corporate decisions about the new Honor.
"Huawei appreciates the dedication, attention and continued support it has received from Honor customers, suppliers, partners and employees," the company continues. "We hope that the new Honor embarks on a new honorary path (sic) with its shareholders, partners and employees. We will continue to see Honor create value for its customers and build a smart new world for young people."
It had been reading for weeks about the possible sale of Honor by Huawei. Until now, the Chinese multinational had lowered expectations, assuring that it was only a rumor. A rumor that has been confirmed in the early hours of this Monday to this Tuesday.
Huawei has been suffering since mid-2018 the constant vetoes and accusations by the Trump administration. First, she saw her name being included in a blacklist of entities by which American companies would no longer be able to do business with her.
Huawei confirms Honor sale US vetoes save
The first impact this had on the firm was that their mobile phones would stop enjoying Google services on Android. Huawei's latest phones do not use a commercial Android operating system to use, and Huawei is working on developing its own OS, HarmonyOS.
In addition, the demand for new licenses that the US government implemented this 2020 for technology suppliers to Huawei has caused the supply chain of the Asian has been compromised, to the point that it has been forced to stop producing its own Kirin processors.
The purpose of Huawei with the sale of Honor is to try that the one that until now had been its subsidiary can circumvent all these complications in the United States, which have also suffered other Chinese multinationals such as Bytedance, the owner of the social network TikTok.
Huawei confirms Honor sale US vetoes save
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Why voting online in blockchain-powered elections isn'T safe, MIT experts say
Participating in Elections remotely thanks to blockchain is, today, little more than a firefighter's idea.
At least that's what research from the Massachusetts Institute of Technology, the prestigious MIT, has concluded. In a paper entitled "from bad to worse: from voting on the internet to voting with blockchain", experts abound in the fact that today participating in democratic elections through this technology opens up many vulnerabilities. Too many, if compared with face-to-face voting.
MIT itself has detailed in an information the main conclusions of this study, which abound in how Face-to-face elections are "much less susceptible to large-scale computer attacks". "Exploiting a single vulnerability could affect all votes at once."
The technological consensus that existed until now agreed that using the internet to vote is still a chimera. Advances in blockchain technology, crucial for cryptocurrencies, have once again opened a door that has been turned upside down for years. And that for the moment, in Spain it is still closed to lime and song.
The blockchain is a system by which information is stored in chained nodes. Each node is mathematically linked to its predecessor and successor. In addition, each node records an exact copy of the entire string. It is a much more secure technology that is already being used in various projects to preserve the digital identity or sign contracts at a distance.
That the information is distributed in these chained nodes opens the door to the information it stores is always available, since if a cybercriminal wants to bring down an entire electoral system that uses this technology, he will have to address how to invade each node. But they will remain unchanged precisely thanks to blockchain technology.
Although the security of blockchain technology applied to an election process cannot be directly questioned, the researchers warn of what they believe is a "serious vulnerability": if by some chance the process is compromised, the problem could go undetected. Or worse: irreparable.
"While current election procedures are far from perfect, blockchain could greatly increase the risk of undetectable election failures at the national level." "Increasing participation in a process could be at the cost of losing guarantees that votes are counted as they are cast," details MIT professor Ron Rivest, principal investigator.
Venezuela, where political tension continues, has just entered the electoral campaign: the opponent Juan Guaidó-self-proclaimed interim president of the country-has announced the call for a popular consultation —a kind of referendum— that would use a US app, called Voatz, which precisely uses blockchain technology to allow citizens to vote from home.
However, other MIT researchers argue that cybercriminals could break into the process count to follow it live and even cancel some ballots cast.
Rivest further, and argues that no electoral process ," nor any democracy "should depend on a computer program to properly record citizens' votes. "If elections are based on the operation of a computer program, a malicious actor could deceive voters by assuring them that they have voted correctly," when it does not have to be so.
The article published on the website of MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) recalls that those who advocate online elections maintain that critical industries such as retail or banking have had "high levels of tolerance" when they have had to move to the digital world.
Rivest, the lead researcher of this paper, answers: in these systems there is more tolerance for serious failures because they can be solved in a much simpler way. It exposes the example of a fraud with a credit card. "In an electoral process there is no insurance or resource that can save the failure of democracy."
Moreover, the degree of anonymity that free elections should guarantee matters. In a bank you can detect and solve fraudulent purchases by checking the issuers. In an election, it is essential that the voter cannot be recognized in any case.