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Tag: Edul Patel

  • Mudrex launches ‘Secure Your Crypto’ campaign

    Mudrex launches ‘Secure Your Crypto’ campaign

    Mumbai: Mudrex, a global crypto investing platform, has launched its ‘Secure Your Crypto’ campaign aimed at educating investors on protecting their digital assets. In recognition of national cybersecurity awareness month, Mudrex will host weekly panel discussions and educational initiatives throughout October. These sessions will be streamed across its social media platforms, focusing on safeguarding crypto investments amid rising security breaches, frauds, and hacking attempts.

    The campaign, designed to equip investors with essential knowledge, will include collaborations with crypto and cybersecurity experts. Topics like wallet security, two-factor authentication, and avoiding phishing scams will be discussed. Investors will have the chance to interact directly with cybersecurity experts in live Q&A sessions, addressing concerns about protecting their assets.

    Mudrex will also release blog posts, videos, and infographics to simplify complex cybersecurity concepts for everyday investors. The initiative is part of Mudrex’s larger commitment to fostering trust and building a secure ecosystem for crypto investors worldwide.

    Mudrex’s CEO and co-founder, Edul Patel emphasised, “As digital assets gain prominence, securing these investments becomes paramount. Through this campaign, we aim to educate our community and the broader crypto audience on how to adopt best practices and avoid the growing risks associated with cyber threats.”

    In a continued effort to protect its users, Mudrex recently won a Delhi High Court order against fraudulent websites using its trademarks to deceive investors. By standing firm against scams, Mudrex reinforces its commitment to safeguarding users from malicious schemes.

  • The role of AI in shaping tomorrow’s workforce

    The role of AI in shaping tomorrow’s workforce

    The rapid advancement of AI technologies, particularly in recent years, has sparked both excitement and concern about their potential to replace human roles across various sectors. Tools like ChatGPT have demonstrated the ability to perform tasks that were once the exclusive domain of humans, such as writing, coding, and even creative endeavours like photography and editing. As AI continues to evolve, it raises a pressing question: Can AI truly take over human jobs, and if so, what does that mean for the future of work?

    The introduction of tools like Chat GPT, Sora, GitHub and others has given us a peek into how AI can change the way we live and work. The tasks that used to take hours or days can now be completed in minutes. And this is just the beginning. As AI evolves, we will enable humans to take over multiple roles across fields. In industries like customer service, technical writing, and content creation, AI is already making inroads by handling routine inquiries, drafting reports, and even brainstorming creative ideas. ChatGPT and its peers are reducing the need for human labour in some areas, demonstrating AI’s potential to take on roles that involve knowledge-based work.

    How well is AI doing our jobs?

    At this very moment, 57 per cent of content on the internet that exists is generated by AI, according to a study by Amazon Web Services. Another report by Forbes stated that 90 pet cent of content on the internet will be generated by AI by 2025. Automation in manufacturing has already replaced many manual jobs with robots capable of performing tasks faster and more efficiently than humans, reducing costs and increasing productivity.

    The field of programming, once seen as an impenetrable domain for AI, is now being influenced by it. Advanced AI tools can write code, assist in debugging, and automate repetitive tasks, making development cycles faster and more efficient. Companies are leveraging AI to handle everything from boilerplate code generation to automating the testing process, reducing reliance on entry-level programmers.

    AI is also making headway into creative areas like photography and editing, once thought to be immune to the impact of AI. In photography, AI-powered tools can automatically edit images, adjust lighting, and enhance photo quality, removing much of the manual labour involved in post-production. Video editing, too, is being streamlined by AI, which can cut and arrange footage based on pre-set preferences. AI is also creating music, providing voice assistance, teaching some of the hardest subjects and many more things across many industries. If we assume AI is going to take over every industry at the same rate, most of the jobs we have today will be taken over by AI sooner than expected.

    The reality of AI taking over our jobs

    While some jobs will inevitably be automated and taken over, AI is more likely to reshape roles rather than eliminate them entirely. The World Economic Forum’s Future of Jobs Report highlights that by 2025, AI could replace 85 million jobs, but it is also expected to create 97 million new ones. This shift shows that the focus will be on changing the types of jobs people do, rather than reducing the number of jobs overall.

    Moreover, no company can run entirely on AI. A recent incident of Microsoft’s “Blue Screen of Death” showed the dangers of over-reliance on technology. A faulty update from CrowdStrike caused a global outage, disrupting hundreds of planes, hospitals, trains, offices, and more. It was a clear reminder of the risks of depending too much on AI or any technology. To truly benefit from AI’s potential, we must combine its strengths with human oversight, ensuring a balanced approach as we move forward. From what we have seen so far, “AI won’t replace human jobs but the people who can use AI could replace them”. With evolving technology and workplaces continuously streamlining operations, we will need to adapt to the technology and upskill ourselves to become more efficient.

    Conclusion: Will AI take over?

    AI is undoubtedly transforming industries and changing the way we work, but a complete takeover of human roles remains unlikely—at least for now. While AI excels in automating tasks and replicating certain aspects of creativity, it cannot fully replace human ingenuity, empathy, and emotional understanding. The future of work will likely see a blend of AI and human collaboration, where AI handles repetitive and technical tasks, and humans focus on creative, strategic, and emotionally driven roles. As AI continues to advance, it’s crucial that employees and companies adapt, ensuring that the benefits of AI are harnessed while preserving the unique qualities that only humans can bring to the table.

    The article has been authored by Mudrex CEO & co-founder Edul Patel.
     

  • Mudrex wins court order against fraudulent websites

    Mudrex wins court order against fraudulent websites

    Mumbai: Mudrex, a global crypto investment platform has secured an order in its favor against a network of fraudulent websites that have been illegally using Mudrex’s trademarks to deceive the public. The Delhi high court under Justice Mini Puskarna issued a directive on 23 August 2024 for the immediate takedown of 38 websites that were found to be exploiting Mudrex’s brand name to carry out scams and defraud innocent individuals.

    Mudrex received numerous complaints from the public, who reported being lured into investing substantial sums of money on these fraudulent platforms. These websites promised users various work opportunities, such as completing Google reviews, and offered monetary rewards upon task completion. However, these promises were part of a broader scam designed to extract money, and sensitive personal information, including Aadhar cards, PAN cards, bank statements, and property papers, from unsuspecting victims. Once these documents were obtained, the fraudsters ceased all communication, causing significant financial loss to these innocent individuals.

    After becoming aware, Mudrex has taken proactive steps to protect its community by issuing advisories across its official social media channels and via email to its registered users, warning them of potential scams and fraudulent activities.

    Moreover, Mudrex acted promptly by seeking an injunction to halt the fraudulent activities. The company’s legal team contended that the defendants had unlawfully exploited Mudrex’s trademarks, causing significant harm to innocent individuals by luring them into investing their hard-earned money through the misuse of Mudrex’s reputation and goodwill. Driven by a commitment to provide a safe and secure environment for its users, Mudrex approached the high court of Delhi to obtain the necessary relief and protect its community.

    The court, recognising the severity of the situation and believing in Mudrex’s earnest efforts, has directed the defendants to take down the infringing websites within 48 hours of the order. If the defendants fail to comply, the court has empowered other relevant parties to block access to these websites immediately.

    Commenting on this, Mudrex CEO & co-founder Edul Patel said, “We are committed to protecting our users and upholding the integrity of our brand. Most platforms in India face this issue, but we wanted to make sure it is addressed and solved for our users. Our focus remains on maintaining the trust of our users and reinforcing our commitment to a safe and reliable platform”.

    Mudrex stands out as one of the virtual asset service providers in India to actively pursue legal action to ensure consumer protection. By taking a strong stance against fraudulent activities and safeguarding its brand integrity, Mudrex underscores its commitment to protecting its users from scams and malicious schemes. This proactive approach not only highlights Mudrex’s leadership in the industry but also sets a precedent for other service providers in prioritizing the security and trust of their consumers.