This Blockchain Platform Wants Your Extra Bandwidth. Don’t Worry, They’ll Pay You for It 265

When the Internet first came on the scene, it seemed as though every tech entrepreneur wanted to reinvent the wheel.

After all, it’s much cooler to say you did something novel and new, rather than admitting you simply improved upon the old (and the difference between the two will always be up for a debate). But very few entrepreneurs and innovators truly create something out of nothing. The vast majority build upon these rare innovations.

If the Internet was the monumental innovation of the 80s, 90s, and 2000s, then today’s next “big bang” is the blockchain.

Bitcoin, Ethereum, these are the real pioneers of the blockchain—as well as the idea it encapsulates, both technologically and morally. In fact, many would argue Bitcoin is as much of a statement as it is a utility. You can’t exactly buy your weekly groceries with the cryptocurrency yet. But saying, “I bought some Bitcoin,” is your way of participating in our economy’s advancement forward.

However, while these innovations certainly take up the bulk of the spotlight, that’s not to say all the other startups and platforms built upon them aren’t as viable. Just look at Amazon. Back in the 90s, Amazon was little more than a place to buy new and used books online—as opposed to walking down the street to the local Barnes & Noble. Today, it is the most powerful marketplace on the Internet, with its CEO, Jeff Bezos, now the richest person on the planet.

A company’s potential has a lot less to do with how “new” it sounds. But rather, how effective it is at solving a very clear pain point in its industry. Today, blockchain startups everywhere are competing to create something completely new—and that’s not always the best route to take.

If you read enough white papers, you’ll see this trend of companies striving to do what has never been done before. It’s as if blockchain technology has everyone playing this imagination game, where they see the world as they’d like it to be—rather than the way it actually is.

Meanwhile, there are a handful of blockchain platforms that aren’t exactly looking to invent the next Internet or Bitcoin, but rather solve a clear pain point in an industry that already exists. A great example is Path, which has made the astute observation that we’re all sitting on a plethora of bandwidth.

In short, this blockchain platform wants to reward users for “renting” some of their unused bandwidth. Why? Because everyone using the Internet has extra bandwidth. And the same way Airbnb wanted homeowners to make use of their spare bedrooms, or Uber wanted car owners to turn their depreciating asset into an income generator, Path wants to give users the ability to rent their extra bandwidth in exchange for tokens.

How it works is users install what’s called Path mining nodes, which run via web browser plugin, phone application, or Linux OS. These nodes don’t impact your ability to use the Internet—you can still surf and do what you would normally do. Users then earn Path tokens in exchange for supplying Path with performance metrics monitored through their Internet connection. These metrics are serviced by clients that want to know how long it takes for their website to load, how traffic reaches their service, what happens during a DDoS attack, etc.

So, instead of a company calling you up and saying, “Hey, I’ll pay you $5 to load our company’s website 100 times and tell us how long it takes to load,” Path plays middleman and gives you tokens in exchange for a little of your bandwidth, where that testing can take place passively in the background.

“I keep an eye out for projects like these,” said Branden Hampton, blockchain enthusiast and advisor to Path. “And I especially look for platforms and products that have real utility in a space I’m already involved in. It allows me to truly analyze a product’s potential if I’m familiar with the industry climate—and Path definitely has that ‘I have to tell someone about this’ factor. Because it’s simple, and it solves a very clear pain point for two parties: companies that want better data and analytics, and users that have extra resources they could easily turn into passive revenue.”

What’s unique about Path is this concept of making use of resources that are already readily available—instead of inventing something entirely new. This is one of the most undervalued approaches to the “blockchain boom” that’s happening. While everyone else is concerned with creating that-which-has-never-existed-before, they end up missing obvious and highly valuable solutions to simple problems already in place.

As the blockchain continues to mature, keep your eyes out for projects like Path. After all, the best way to defend against volatility is through a clearly defined utility.

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SDA Bocconi, Italy’s Top Business School, Partners with 2U, Inc. to Expand Online Continuing Education Programs 5118

2U, Inc. (Nasdaq: TWOU), a global leader in education technology, today announced a new partnership with SDA Bocconi School of Management to develop and launch a suite of short courses in business essentials, sales management, blockchain, and a new offering for both organizations—sustainable fashion. These four short courses will be available in 2021 through GetSmarter, a 2U, Inc. brand.

“At SDA Bocconi, we’re training the next generation of business leaders in the skills needed to guide companies to profitability with an emphasis on ethical and sustainable operations,” said Gabriele Trolio, Associate Dean for the Open Market and New Business Division of SDA Bocconi School of Management. “To continue delivering on this mission, we’re partnering with 2U to grow our global impact by delivering cutting-edge, rigorous online business programs to more learners in Italy and beyond.”

The global economy needs an infusion of skilled business talent, particularly in light of the COVID-19 pandemic. Professionals around the world need flexible training programs to help meet this demand while advancing their job prospects and career growth. Two areas in particular—blockchain and sustainable fashion—are on the rise in 2020, both on the B2B and B2C fronts. According to LinkedIn data, blockchain topped the list of hard skills employers are looking for in 2020. And according to a recent McKinsey survey, engagement in sustainability has deepened during the COVID-19 crisis, “with European consumers wanting fashion players to act responsibly and consider the environmental impacts of their business.”

With these new short courses, SDA Bocconi and 2U are giving professionals access to the in-demand skills training needed to lead today’s corporations, NGOs, and nonprofits to long-term success.

Brane Inc Welcomes New Advisors Wellington Advocacy and Former Ambassador Bruno Saccomani 5417

Brane Inc., a leading digital asset custodian service, announced today that Wellington Advocacy has joined its Advisory Board. Representing Wellington Advocacy is Canada’s former Ambassador to the Hashemite Kingdom of Jordan and the Republic of Iraq, RCMP Superintendent (Ret.) Bruno Saccomani.

As a member of the Advisory Board, Saccomani and Wellington Advocacy will work to establish strong relationships with law enforcement agencies who routinely seize cryptocurrency and seek the secure and safe-keeping of those assets.

“Bruno Saccomani’s keen understanding of the law enforcement landscape, together with Wellington Advocacy’s network of public officials, will support the growth of Brane Inc.,” said Nick Koolsbergen, CEO of Wellington Advocacy. “We are excited about Brane’s innovative solutions and look forward to working with them to advance the capabilities of law enforcement agencies across the country.”

Prior to serving as ambassador, Saccomani had a distinguished career spanning 28 years in the Royal Canadian Mounted Police, including serving as Officer-in-Charge of the Prime Minister’s Protection Detail Branch. In this capacity he was responsible for the strategy and tactics required to protect the Prime Minister of Canada and his family at home and abroad. Saccomani has significant experience working with law enforcement and government agencies around the world.

“There are tens of millions of dollars worth of digital assets being seized by law enforcement agencies across Canada. Brane is excited to work with Wellington Advocacy and the former Ambassador to speak to those agencies and offer our digital asset custodial services.” Adam Miron, Executive Chairman, Brane Inc.

Wellington Advocacy is a public affairs firm whose associates have decades of experience serving as senior advisors in Canada’s highest political offices, including those of former Prime Minister Stephen Harper, Premier Jason Kenney, Premier Doug Ford and former Premier Christy Clark. Led by Koolsbergen, Wellington Advocacy offers services in government relations, strategic communications and campaign strategy. Previously, Koolsergen served as Chief of Staff and Campaign Director to Alberta Premier Jason Kenney, as former Premier Christy Clark’s Chief of Staff, as Director of Issues Management to former Prime Minister Stephen Harper, and as a senior advisor to numerous federal Cabinet Ministers.

Bit Digital, Inc. Announces the First Half of Fiscal Year 2020 Financial Results 6328

Bit Digital, Inc. (Nasdaq: BTBT) (the “Company”), an emerging bitcoin mining company headquartered in New York, U.S. today announced its unaudited financial results for the six months ended June 30, 2020.

“We commenced our bitcoin mining business in February 2020. By now, our hash rate capacity reached 1,250 Peta-hash per second (“Ph/s”), and the management has determined that the Company, in terms of the operating hash rate capacity, is the first among NASDAQ listed companies in bitcoin mining industry.” said Mr. Hong Yu, the Chief Strategy Officer of the Company. “We are and we will make continuous investments in improving our hash rate capacity to keep our competitiveness in the industry.”

“The bitcoin mining business is a challenge and an opportunity to the Company. We performed comprehensive evaluation, planning and design on the new business before we got started.” said Mr. Erke Huang, the Chief Financial Officer of the Company. “For the first half 2020, we had revenue of $0.69 million from our bitcoin mining business with hash rate capacity of 310 Ph/s. With the deployment of additional miners, we expect to make a dramatic increase in revenues in the second half 2020 with our continuous investments in miners and hash rate.”

Financial Highlights for the First Half 2020

  • Revenue from bitcoin mining business was $0.69 million.
  • The number of bitcoins earned from bitcoin mining business was 74.72.
  • The number of miners was 6,004 MicroBT M21S, of which 3,429 and 2,575 miners were acquired in May and June 2020, respectively.
  • The net loss from continuing operations of $0.37 million was all from bitcoin mining business, compared to $nil for the first half 2019.
  • The net loss from discontinued operations was $3.73 million for the first half 2020, as we provided full impairment on assets for our discontinued peer-to-peer and car rental business in the PRC, compared with the net loss from discontinued operations of $6.46 million for the first half 2019.
  • The net loss was $4.10 million and the loss per share was $0.24 for the first half 2020, compared with $6.46 million and $0.43 for the same period last year.

Business developments

On April 8, 2020, we acquired the XMAX Chain Limited, a wholly owned subsidiary based in Hong Kong. In the third quarter 2020, we launched additional 16,765 units of miners in Xinjiang, Inner Mongolia and Sichuan Provinces, all in the PRC.

On September 1, 2020, we established Bit Digital USA, Inc. (“BT USA“), a wholly owned subsidiary incorporated in DelawareUnited States, through which we intend to operate bitcoin mining business with our miners in the United States. In September, we commenced trial operation with 100 units of miners under operation in TexasUnited States.

On September 17, 2020, BT USA entered into a certain agreement with Compute North LLC headquartered in Nebraska U.S. Pursuant to the service agreement, Compute North would provide bitcoin mining facilities for the colocation and managing of mining equipment of the Company’s bitcoin business which are expected to save the Company operating utilities and rent cost. Going forward, we expect more miners operating in the Unites States.

As of the date of this report, we had a total of 22,869 miners under operations. As of September 30, 2020, our hash rate reached 1,250 Ph/s. At full deployment of our 22,869 miners, our hash rate capacity reached 1,250 Ph/s, with the aggregate mining efficiency of 61.88 joules per terahash (J/TH), consuming 76 MW of power. By the report date, we have earned an aggregation of 949.51 bitcoins and recognized unaudited revenues of approximately $10.08 million.

ExCore’s sale is LIVE 6731

ExCore

ExCore Sales and Impressive Staking

ExCore is a new and rapidly growing cryptocurrency that stands to eliminate inflation. Because there is a finite supply and no new tokens will ever be released, your investment in ExCore will never significantly drop from controllable causes. Right now, ExCore is in the middle of their private sale, but will release their public sale and staking platform next week on October 21. ExCore is a company that all keen investors should keep an eye on.

Private Sale

Today (October 14), ExCore launched their private sale to their whitelisted members. The sale is ongoing and takes place on Bounce, a secure medium used for crypto transactions in presales. It currently is about 25% full, and will go on until 10/17 or until the hard cap of $100,000 is reached.

You can participate via this link: https://bounce.finance/join/swap/3669 and this PASSWORD: excore2020

There are guides in ExCores telegram groups (Link can be found at bottom of this page) that explain in detail how to use the bounce platform.

Public sale

On October 21, the public presale will launch with a hard cap of $800,000 worth of ETH. Everyone will be able to participate in this sale as long as they have a metamask wallet. The minimum requirement for this sale will be 1 ETH, but keep in mind there will be gas fees, so you will need to have some extra in your account.

Staking

On the same day as the public presale, ExCores staking platform will also launch. Their staking platform offers an impressive 550% APY that will come from fees from every transaction on the ExCore network. To stake your tokens, there will be a 1% fee to stake your tokens as well as a 1.5% fee to unstake them, but staking for even just one day will be enough to cover these fees.

Summary

Not only does ExCore make for a great investment with their anti-inflation protocol, but if you also stake your ExCore you will be looking at some very nice returns. ExCore is without a doubt one of the best crypto investment options of 2020 and the sooner you get in, the better rates you will be able to buy at. The ExCore team is currently marketing everywhere they possibly can, so once the word gets out it will no longer be possible to buy tokens at this discounted price.

ExCore Links:

Here, you can find a few very helpful links, but most importantly the link to Github. This verifies the integrity of ExCore through our open source code (that anyone can see!).

Github: https://github.com/ExCoreFinance

Website: https://www.exvault.finance/

Telegram: https://t.me/excorevault

Twitter: https://twitter.com/ExCoreVault

Medium: https://medium.com/@excorefinance

Contract address: 0x87D3646B101977de0D2D58dfC5A70e84767A1909

Staking contract address: 0x28Ea47E0ff753AE99eE5241f468817Db6C476d

Technology and Insurance Giants are Among the Newest Members of MOBI 6403

The largest and most progressive companies in mobility continue to join MOBI, the Mobility Open Blockchain Initiative. The new community members join major automakers, smart city leaders, tech companies, startups, and other mobility stakeholders working together to accelerate the development and adoption of blockchain-based standards for the mobility ecosystem. These standards will be the foundation for a protocol-agnostic permissioned network that will enable all stakeholders to exchange, share, and monetize mobility and transit data.

“We are thrilled that AWS, Hitachi America, Ltd., Reply, USAA, and other mobility thought leaders see value in this technology, this community, and this vision,” said MOBI Co-founder and COO Tram Vo. “MOBI’s rapid growth is a testament to both the level of industry interest in blockchain technology and the recognition that companies of any size can benefit by collaborating to accelerate adoption.”

Companies seek to use blockchain and distributed ledger technology (DLT) to improve efficiencies and facilitate new services for valued clients and customers across the globe.

“AWS is delighted to join MOBI to work with its partners, sponsors, and affiliate members to help establish industry standards for smart mobility blockchain adoption,” said Bill Foy, Director of Automotive at Amazon Web Services, Inc. “Many of our automotive customers are working to apply blockchain and distributed ledger technologies to address mobility, supply chain, finance, and electric vehicle to grid opportunities. By participating in MOBI, AWS can help customers apply these new standards to make transportation greener, more efficient, and more affordable through collaboration with the community.”

Verifiable vehicle journeys are critical to building a trusted, intelligent, and shared mobility ecosystem. MOBI members across the mobility value chain are working together to create interoperable, scalable solutions that reimagine the business models of the future.

“The mobility industry is experiencing significant changes as connected vehicles, autonomous cars, Industry 4.0, and IoT impact the landscape. By teaming up with MOBI, we believe that the deployment of this blockchain initiative will help to create mobility ecosystems for driving innovation and enhance our core technologies to contribute in social, environmental, and economic values for our customers,” said Dr. Harsha Badarinarayan, Vice President, R&D of Hitachi America, Ltd.

The convergence of multiple rapidly maturing technologies such as AI, IoT, 5G, and blockchain, permits anything to have a secure identity, be intelligent, and securely transact with other things. New sensors, chip sets, and electronics are being developed by the industry to facilitate connected vehicle communication with other vehicles and infrastructure (CV2X). Together, these capabilities will define the future of mobility in the Smart City.

“Blockchain technology is now mainstream alongside IoT, Cloud and AI in defining the future of our world,” said Reply CEO Tatiana Rizzante. “In MOBI we have seen the opportunity to work with forward thinking companies, governments, and NGOs in making mobility services more efficient, greener, safer and building a more transparent and trustworthy ecosystem for our customers and the entire automotive industry.”

Truterra, LLC And Nori Launch Partnership To Address Major Challenges To Farmer Participation In Carbon Markets 6160

Truterra, LLC, the sustainability business and subsidiary of Land O’Lakes, Inc., one of America’s largest farmer-owned cooperatives, today announced a new pilot project with Nori, a company using blockchain technology to create a new voluntary carbon removal marketplace. The pilot focuses on addressing a key infrastructure challenge holding back the development of an ecosystem services marketplace at scale: the ability to easily translate existing farm data that capture the carbon removal impact of on-farm conservation practices into potential carbon credits that could offer a new viable revenue stream for farmers.

Through the pilot, Truterra is syncing up its best-in-class technology, the Truterra™ Insights Engine, which farmers are already using to generate customized stewardship and profitability data and insights for each field and acre, with Nori’s carbon marketplace. Growers will be able to use the data they’ve already entered into the Truterra™ Insights Engine and other sources of farm data to submit to Nori, at no cost to them, to see the potential value of carbon credits they could generate as a result of the soil health-building practices they have implemented on their farms. Currently, farmers can be paid up to $15 per tonne of carbon sequestered in the soil on Nori’s marketplace.

The pilot will make it easier for growers to understand what they have to gain in a carbon market and to use that information to make decisions about their stewardship practices. Under the pilot, farmers will retain full ownership of their data – as they do at all times as part of the Truterra™ Insights Engine– and Nori can provide guidance on how much data to use to qualify for carbon credits.

“As a wholly owned subsidiary of Land O’Lakes, Inc., which is a farmer-owned company, Truterra is focused on developing new ways for our farmers to derive value both from their data and from the stewardship practices they have made the choice to implement on their farms,” said Amanda Neely, Senior Manager, Technology and Innovation, Truterra. “There’s a lot of excitement and, frankly, some big promises out there about carbon markets and the potential for farmers to derive revenue from them. But private sector markets are still in their early stages and there are still many challenges to address before they can scale and become mainstream. This partnership is designed to identify and address those challenges, and deliver real results and value for the planet and for our farmers, building on the improved profitability and better return-on-investment that farmers in the Truterra network may see as a result of implementing certain conservation practices.”

“This is an amazing opportunity to scale with a partner whose goals are aligned with supporting farmer’s needs and transitioning to more regenerative supply chains,” said Christophe Jospe, Nori co-founder and Chief Development Officer. “Through this effort, we’ll help reward farmers for storing carbon, find ways to more efficiently use farm-level operating data and new soil health monitoring and measurement techniques, and build upon the learnings of our pilot to ensure that the Nori program works for the farmer first.”

Truterra and Nori are working with a handful of farmers and ag retailers in the Truterra network to develop the pilot during this growing season, which will continue into the 2021-2022 growing season. The partners will continue to add new ag retailer and farmer participants in the coming months.

The pilot partners will apply lessons learned to make carbon markets more accessible to Truterra’s network and, ultimately, all of agriculture. Participating in the pilot will also give farmers and ag retailers in the Truterra network an opportunity to directly impact how farmers can be rewarded for good stewardship practices as carbon and ecosystem services markets become more mainstream.