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Any doubts about the importance of software security can be placed to rest with this story. A couple years ago, a hacker exploited a major auto manufacturer's website and was able to steal sensitive data on more than 100,000 vehicles. The company has since made significant changes to its security protocols. Nowadays, it takes an extensive database full of car keys for hackers to steal valuable information through online means. This past year saw governments worldwide make huge strides in criminal justice reform worldwide by decriminalizing drug possession for personal use. The move brings Canada closer in line with countries like Portugal and British Columbia that have already abolished criminal penalties for personal drug possession up to certain quantities. The federal government has also pledged to make marijuana legal come next year. The United States has made significant moves in this direction too for the time being. As far as blockchain technology is concerned, 2017 was a big year in terms of progress. Venezuela actively adopted the technology by making its oil-backed cryptocurrency, the Petro, available to users throughout much of 2017. Several other countries are expected to follow suit with their own cryptocurrencies in 2018. The birth of blockchain also saw digital currencies continue their march into mainstream finance in 2017 by being added to major stock exchanges worldwide. Some nations have even begun experimenting with ways to use it for taxation purposes, while others remain skeptical about its long-term viability for this purpose. Before anyone can say "cryptocurrency," the price of bitcoin and other major digital currencies have been going up. In fact, many have reached a new high just in 2017 alone. In the last few months of the year, for instance, one satoshi could buy a hot dog or a beer at a Sydney pub meant to experiment with cryptocurrencies. In other parts of the world, bitcoin has been more popular for other reasons. In 2017 alone, startups raised over $4 billion worth of capital through initial coin offerings (ICOs), and around $3 billion via VC funding and angel investing. As a result, more startups are leveraging blockchain technology, but their focus is on applications other than cryptocurrency. The most popular use cases for blockchain technology in 2017 include identity verification, healthcare data management, smart contracts, and prediction markets. As far as the future of tech is concerned, 2018 will see the tech industry continue its trend towards greater globalization. The tech boom in India has helped make it an important hub for tech talent around the world. This isn't to say that Silicon Valley will fall behind though. Young American entrepreneurs are still finding success by building start-ups in the U.S., while many young immigrants are finding success by tapping into their diaspora back home for funding start-ups. Meanwhile, Australia is expected to see a boom in start-up activity as well. The small island nation has been home to several young entrepreneurs that became millionaires overnight thanks to the country's cryptocurrency boom. Many of these digital currency speculators have already left Australia and moved abroad, but it's unclear how much they'll be able to donate to their next VC fund given the sharp decline in the price of bitcoin and other cryptocurrencies worldwide. A new generation of entrepreneurs has also emerged from Australian universities and incubators over the last couple years as well. cfa1e77820
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