Blockchain
ALYI Leverages $100 Million ICO To Make $300 Million Entry Into $2 Billion Niche Within $1 Trillion Electric Vehicle Market
Dallas, Texas–(Newsfile Corp. – July 14, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI), an innovative electric vehicle company concentrating on the African market, today published a bulletin outlining in further detail the company’s recently announced development project to construct an advanced electric mobility site in Africa covering approximately 100 acres. The site is a key component of an overall $300 million initiative designed to expand rapidly beyond the initial $300 million scope. ALYI has executed a $2.5 million investment deal intended to fund the design and engineering of the advanced electric mobility site. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. The bulletin is included below in its entirety within this release:
Bulletin: Advanced Electric Mobility Site Supporting $300 Million Initiative
ALYI in an innovative company dedicated to electric mobility. The company was founded on developing a patented portfolio of lithium battery technologies and has evolved into its current focus on developing complete electric mobility solutions for the African market.
ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation.
Long-Term Corporate Sustainability Strategy
ALYI’s evolutionary approach to developing electric mobility solutions was designed for sustainability. Separate from ALYI’s innovative, paradigm changing, electric mobility initiative, management maintains a residual consulting business leveraging the team’s extensive operational experience in Africa. The consulting operations cover fundamental expenses and have permitted the company to endure its way through to the prevailing investment market acceptance of electric vehicle innovation.
CEO Dr. Torno has been working on the ground in the Middle East or Africa since 2007. He was recalled to active duty as a Lieutenant Colonel in the U.S. Army and deployed to Iraq in 2007. He received the Bronze Star in the course of his combat tour. After finishing his tour in Iraq, Dr. Torno was requested by name for duty in Addis Ababa, Ethiopia, a deployment lasting 3 years. He retired from the Army in 2011 and was shortly thereafter contracted by Northrop Grumman and other companies to work in Africa on a myriad of projects in countries from Senegal to South Africa. He holds a PhD in Public Policy and Political Economics from the University of Texas.
Ed Bollen, the President of ALYI served 30 years with the U.S. Government, first as a U.S. Marine and then working within the U.S. intelligence community. Since then, Mr. Bollen has worked on management consulting projects in North America, the Middle East, Africa, Europe, Asia, the Caribbean and South America. He has supported military and law enforcement operations, as well as aviation and maritime services. Mr. Bollen has worked on projects with Boeing, Bell Helicopter, Sikorsky Aircraft, Raytheon, General Electric, Lockheed, Marin Marietta, L-3 Communications, Electric Boat and Newport News Shipbuilding. He has trained United Nations’ international arms inspectors; established a counterterrorism task force in Ethiopia; worked directly with the Palestinian Authority in Gaza and Jericho, and been the boots on the ground in Liberia at the height of its second civil war implementing counter insurgency measures. Mr. Bollen has an undergraduate degree in history from Florida State University and graduate degree in comparative religion and religious history from The College of William & Mary.
ALYI’s Initial $300 Million Electric Mobility Initiative And Beyond
From its founding in patented lithium technology commercialization, ALYI has evolved into an innovative electric vehicle company with an initial $300 million electric mobility initiative in Africa designed to rapidly expand beyond the initial $300 million scope. The $300 million initiative includes a key customer for ALYI’s Revolt Electric Motorcycle, and a comprehensive annual electric mobility event designed to both fuel the branding and marketing of ALYI’s current and future electric vehicles in addition to serving as a catalyst in the development of all ALYI’s future electric mobility solutions.
ALYI’s Revolt Electric Motorcycle is a rugged design that has now endured two rounds of prototyping and testing and is ready for production. The Revolt Electric Motorcycle will be manufactured in Kenya initially for the Kenyan ride-share market. Motorcycles are already widely accepted and in use as taxi’s in Africa.
The branding and marketing for ALYI’s current and future electric mobility solutions will be built on the company gaining recognition for its annual electric mobility conference and symposium that includes an already branded anchor event. The anchor event is part of an existing and well established $6 billion industry. The annual electric mobility conference and symposium and anchor event is expected to contribute significantly to both ALYI’s top and bottom line, in addition to providing a catalyst to the development of future ALYI mobility solutions.
The annual electric mobility conference and symposium and anchor event will have a dedicated facility in Kenya. The advanced electric mobility center will host the annual event and the facility itself will serve as a key component of generating revenue and advancing electric mobility technology. As currently contemplated, the facility is anticipated to span approximately 100 acres as necessary to support its intended function.
The company is containing the release of any further specifics regarding the facility or the anchor event at this time, to maintain competitive advantage and in respect to certain disclosure restrictions.
ALYI has executed a $2.5 million investment deal intended to fund the design and engineering of the advanced electric mobility site. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent.
Cryptocurrency Partner’s $25 Million Investment And $50 Million Valuation
On June 30, 2020 ALYI entered into a letter of intent (LOI) for a $25 million first tranche investment to fund ALYI’s overall $300 million electric mobility initiative in Africa.
The planned ALYI investment is one component of the investor’s overall $100 million initial cryptocurrency offering (ICO) strategy. The investor is independently launching an ICO dedicated to funding ALYI’s overall $300 million electric mobility project in Africa with future plans to fund additional electric mobility initiatives in Africa. The investor has already partitioned a cryptocurrency on the Ethereum Blockchain in advance of the planned ICO.
The $25 million first tranche investment is structured at a $50 million pre-money valuation of ALYI in consideration of the company’s $300 million electric mobility initiative. The $25 million first tranche investment represents a valuation of ALYI common stock at approximately $0.05 per share.
The first $25 million tranche is structured to result in a change of control with the investor becoming the controlling shareholder. A management change is not part of the planned investment. Randell Torno will remain as the Chief Executive Officer. A second tranche at a valuation calculated after the first $25 million investment is planned before the end of the year.
$2 Billion Niche Expected To More Than Double To $5 Billion By 2024
“Africa is urbanizing faster than any other continent, at a rate of 4% every year, compared to the global average of 2%. Its rapidly growing urban population continues to strain existing infrastructure – transport and energy, in particular.” – World Economic Forum
“In 2017, 77% of Kenya’s electricity demand was met through renewable energy. – Kenya Power 2017 Annual Report
The growth opportunity to provide net new transportation solutions in Africa is much higher than in any developed region where most electric vehicle companies are currently concentrating market development efforts. Within developed economic regions, the electric vehicle opportunity requires replacing combustion engine transportation rather than simply providing a net new transportation opportunity.
With leading urbanization and sustainable energy statistics, Africa is arguably better positioned for electric vehicle growth than other developing economic regions.
With the current strain on existing infrastructure in Africa combined with the advance and acceptance of ride-share technologies, it is unlikely the African economy will ever grow to accept the individual consumer vehicle owned transportation paradigm that most electric vehicles are being produced to serve. Africa is much more likely to evolve and grow its existing $2 billion in annual sales ride-hailing and taxi market expected to grow to $5 billion by 2024, than change courses and adopt an induvial consumer owned vehicle transportation model.
ALYI’s $300 million initiative is centered on penetrating that $2 billion market and leading its evolution into the adoption of electric vehicles and ride-sharing applications. ALYI management has carefully and deliberately identified and carved out a substantial niche for itself within the overall electric vehicle market. That niche is only the start of ALYI’s long-term plans. ALYI management expects to leverage the African electric vehicle ride-share niche as a foothold to expand into the overall electric vehicle market expected to exceed $1 trillion by 2027.
For more information and to stay up to date on the latest developments, please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
Blockchain
Blocks & Headlines: Today in Blockchain – May 6, 2025 | Arkham, DMG Blockchain, Solana, Prologis
The Blockchain Renaissance – AI, Infrastructure, and Eastern Europe’s Ascent
As we navigate through the intricate tapestry of blockchain and cryptocurrency, May 6, 2025, stands out as a day marked by significant strides in technology, infrastructure, and regional innovation. From the fusion of artificial intelligence with blockchain analytics to the strategic expansion of data centers, the landscape is evolving at an unprecedented pace. Eastern Europe, particularly Romania, is emerging as a formidable player in the blockchain arena, leveraging platforms like Solana to drive innovation. Simultaneously, the integration of blockchain into warehouse operations signifies the technology’s permeation into traditional industries.
Arkham and Blockchair: Redefining On-Chain Transparency
In the realm of blockchain analytics, Arkham Intelligence and Blockchair are pioneering a new era of on-chain visibility. Arkham Intelligence, founded by Miguel Morel and backed by notable investors such as Sam Altman and Tim Draper, utilizes AI to deanonymize blockchain addresses, providing a clearer view of cryptocurrency flows. This approach, while enhancing transparency, raises questions about privacy and the balance between openness and confidentiality in the decentralized world.
Blockchair complements this by offering a comprehensive blockchain search and analytics engine, enabling users to explore transactions across multiple blockchains. Their tools facilitate a deeper understanding of blockchain data, empowering users to make informed decisions.
Source: Bitcoin News
DMG Blockchain Solutions: Strategic Pivot Towards AI Infrastructure
DMG Blockchain Solutions Inc. has reported its preliminary operational results for April 2025, highlighting a strategic shift towards artificial intelligence infrastructure. The company mined 30 BTC during the month, a slight decrease from March, attributed to increased network difficulty and a shorter month. Notably, DMG increased its realized hashrate to 1.93 EH/s, supported by the deployment of additional Bitmain S21+ Hydro miners.
In a significant move, DMG liquidated a portion of its Bitcoin holdings to fund the acquisition of 2 megawatts of prefabricated AI data center infrastructure. This investment marks a demonstrative shift towards utilizing returns from Bitcoin mining to fund AI capital expenditures, aiming to secure off-take agreements with high-value government and enterprise users seeking sovereign AI solutions in Canada.
Source: GlobeNewswire
Prologis: Integrating Blockchain into Warehouse Operations
Prologis, a global leader in logistics real estate, is exploring the integration of blockchain technology into warehouse operations. By leveraging blockchain’s immutable ledger, Prologis aims to enhance inventory management, transportation tracking, and logistics. The technology allows for a permanent record of every transaction, accessible to all network participants, thereby improving transparency and efficiency across the supply chain.
This integration enables manufacturers to better manage product origins, traceability, potential recalls, and perishable goods. With real-time visibility into consumer-level demand, manufacturers can forecast demand accurately, optimizing revenue and profitability while reducing the risk of lost sales.
Source: Prologis
Romania’s Embrace of Solana: Accelerating Blockchain Innovation in Eastern Europe
Romania is positioning itself as a hub for blockchain innovation in Eastern Europe, with a particular focus on the Solana blockchain. The country’s tech-savvy population and supportive regulatory environment have attracted developers and entrepreneurs to build decentralized applications (dApps) on Solana’s high-performance platform.
This strategic embrace of blockchain technology is fostering economic growth and technological advancement in the region. By leveraging Solana’s scalability and low transaction costs, Romanian startups are developing solutions in finance, supply chain, and digital identity, contributing to the broader Web3 ecosystem.
Source: Romania Insider
Blockchain’s Role in Shaping Web3: Insights from NASSCOM
The National Association of Software and Service Companies (NASSCOM) has highlighted the pivotal role of blockchain technology in the evolution of Web3. Blockchain’s decentralized and immutable nature provides the foundation for a more secure and user-centric internet, enabling peer-to-peer interactions without intermediaries.
By facilitating trustless transactions and data ownership, blockchain empowers users to control their digital identities and assets. This paradigm shift is driving the development of decentralized applications, decentralized finance (DeFi), and non-fungible tokens (NFTs), reshaping the digital landscape towards a more equitable and transparent ecosystem.
Source: NASSCOM
Conclusion: Navigating the Blockchain Frontier
The developments on May 6, 2025, underscore the dynamic nature of the blockchain and cryptocurrency landscape. From enhancing transparency through AI-powered analytics to integrating blockchain into traditional industries and fostering regional innovation, the technology continues to evolve and permeate various sectors. As we move forward, the convergence of blockchain with emerging technologies like AI and the proactive adoption by nations like Romania signal a promising trajectory towards a decentralized and inclusive digital future.
The post Blocks & Headlines: Today in Blockchain – May 6, 2025 | Arkham, DMG Blockchain, Solana, Prologis appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives
In an ecosystem defined by perpetual innovation and high-stakes regulatory scrutiny, the blockchain and cryptocurrency industry never pauses. Today’s briefing—“Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives”—dives into five compelling stories shaping the narrative: a transformative $9 billion blockchain hub in the Maldives; Sam Altman’s Worldcoin orbs arriving stateside; AI‑enhanced onchain visibility via Arkham and Blockchair; the Blockchain Association’s plea for flexible SEC oversight; and Telegram’s blockchain‑inspired encryption for massive group calls.
Together, these developments spotlight five interlocking themes: diversification of traditionally tourism‑dependent economies, identity and trust models in Web3, the fusion of AI with onchain data, the evolving policy landscape, and privacy‑centric encryption. Across these stories, recurring SEO keywords—blockchain, cryptocurrency, Web3, DeFi, NFTs, tokenization, decentralized identity, onchain analytics, regulation, and privacy—underscore the connective tissue binding today’s headlines.
1. $9 Billion Blockchain Hub on Track to Transform Maldives
Source: U.Today
The Maldives, an archipelagic nation whose economy is heavily tethered to tourism (approximately 30 % of GDP) and fishing (around 10 %), is confronting mounting fiscal challenges: public debt has breached national GDP levels (circa $7 billion), and deficits threaten sovereign stability. In a strategic pivot, Maldivian authorities signed a joint venture with MBS Global Investments—a $14 billion UAE family office—earmarking an $8.8 billion investment in a cutting‑edge blockchain hub. This initiative aims to catalyze a 200 % GDP surge within four years, spawning thousands of jobs and potentially averting sovereign default.
On the surface, relocating blockchain infrastructure to paradise may seem incongruous. Yet by repurposing the country’s geographically dispersed islands into a decentralized Web3 nexus, the Maldives could host data centers powered by renewable oceanic energy, attract DeFi startups, and incubate NFT marketplaces catering to affluent tourists. This diversification blueprint underscores a broader trend: small economies leveraging blockchain to transcend traditional growth constraints. However, critical questions loom—regulatory clarity, environmental footprint, and cybersecurity resilience will determine whether this hub becomes a scalable model or a stranded asset.
Implication: If executed judiciously, the Maldives’ blockchain hub could set a precedent for emerging economies seeking to harness decentralized infrastructure. But success hinges on transparent governance, sustainable energy sourcing, and robust legal frameworks.
2. Altman’s Eyeball‑Scanning Worldcoin Orbs Land in the U.S.
Source: The Register
On May 1, six Worldcoin “Orb” retail locations opened across the United States—Austin, Atlanta, Los Angeles, Miami, Nashville, and San Francisco—offering biometric iris scans in exchange for WLD crypto tokens. Co‑founded by Sam Altman (OpenAI CEO), Alex Blania, and Max Novendstern, Tools for Humanity champions World ID, a blockchain‑based proof‑of‑personhood system designed to authenticate humans versus bots or AI‑generated avatars. Users who scan their irises receive roughly $16 in WLD, enabling them to later verify identity on participating platforms.
While touted as a breakthrough in decentralized identity, the initiative has incited privacy regulators worldwide: South Korea fined the project over $800,000, Hong Kong prohibited operations, and legal probes are active in Germany, Kenya, and Spain. Yet Worldcoin maintains that biometric data is encrypted on-device and purged post‑scan, and with 26 million users globally (12 million scanned), the network seeks to deploy 7,500 Orbs in the U.S. by year’s end.
Opinion: Worldcoin’s retail push exemplifies the friction between innovative identity solutions and privacy norms. The on‑chain distribution of WLD tokens may democratize crypto access, but it also risks normalizing biometric collection without exhaustive regulatory guardrails. The debate between security and civil liberties intensifies as Web3 projects blur lines between voluntary onboarding and pervasive surveillance.
3. AI and Blockchain Explorers ‘Arkham’ & ‘Blockchair’ Reshape Onchain Visibility
Source: Bitcoin News
Blockchain explorers have evolved from static transaction trackers to dynamic investigative platforms, especially with generative AI integration. Two frontrunners—Arkham Intelligence and Blockchair—are pioneering tools to render cryptographic ledgers comprehensible. Arkham’s AI correlates onchain flows with off‑chain entities, enabling analysts to dissect a Binance transaction involving 0.3065 BNB routed through WBNB and Pancakeswap in seconds. Blockchair’s AI assistant, Cuborg, fields natural‑language queries (e.g., “Which Bitcoin address dormant since 2017 just moved funds at block 895,197?”), surfacing actionable intelligence with remarkable speed.
The convergence of machine learning and onchain analytics promises unprecedented transparency for DeFi protocols, NFT markets, and compliance teams. Yet this visibility shift also rekindles the age‑old privacy dilemma: as attribution sharpens, users may flee to privacy coins (e.g., Monero, Zcash) or sophisticated mixers, fracturing onchain provenance. Thus, the community must strike a balance—leveraging AI for due diligence without undermining pseudonymity, a bedrock of decentralization.
Takeaway: Enhanced onchain visibility emboldens regulators and institutional custodians to adopt crypto, but it simultaneously pressures privacy advocates to innovate. The trajectory of DeFi scalability and AML compliance will pivot on how explorers calibrate the transparency‑privacy spectrum.
4. Blockchain Association Urges SEC to Adopt Flexible Crypto Regulation
Source: The Block Binance
On May 2, the Blockchain Association—representing heavyweights such as Coinbase, Ripple, and Uniswap Labs—submitted formal comments urging the U.S. Securities and Exchange Commission (SEC) to embrace an “incremental, flexible approach” under new Chair Paul S. Atkins. The association argued that equity‑style rule frameworks ill‑fit blockchain’s decentralized architecture, and that overly restrictive policies risk ceding global leadership in Web3 innovation. Key recommendations included:
-
Modernizing “best execution” by prioritizing diligence over prescriptive equity norms.
-
Leveraging public exchange APIs for oversight, eschewing bulk personal data collection.
-
Convening public‑private roundtables to iteratively refine tokenization guidelines.
As the SEC grapples with litigation against major crypto firms, the association’s plea underscores a broader policy shift—from adversarial enforcement to collaborative rulemaking. If embraced, this could catalyze a regulatory renaissance, aligning U.S. competitiveness with nascent markets such as the EU’s MiCA and Singapore’s digital asset frameworks.
Analysis: A flexible U.S. regime could anchor global capital flows in American markets. However, in the near term, ambiguity may persist, prompting projects to seek out friendlier jurisdictions. The evolution of DeFi, tokenized securities, and NFT financialization hinges on whether the SEC transitions from litigation‑driven oversight to principles‑based governance.
5. Telegram’s Blockchain‑Inspired Encryption Empowers Massive Group Calls
Source: CCN.com
Messaging titan Telegram has rolled out a major security upgrade: blockchain‑inspired encryption for voice and video group calls, scaling to tens of thousands of participants. Published May 5, 2025, the update employs a distributed architecture reminiscent of blockchain’s consensus model, paired with end‑to‑end encryption and a novel four‑emoji verification system. Users can join calls via links, QR codes, or invites, accommodating up to 200 guests in peer‑to‑peer calls and vastly more in server‑mediated group sessions.
This enhancement cements Telegram’s Web3 orientation—from in‑app NFT galleries to integrated crypto wallets and June’s Grok AI chatbot. By emphasizing decentralized encryption, Telegram seeks to differentiate itself from legacy platforms and curry favor with privacy‑minded Web3 users. The $100,000 unclaimed bounty for encryption breaches further testifies to the platform’s confidence.
Perspective: As social channels become conduits for DAO assemblies, token launches, and remote governance, Telegram’s upgrade anticipates Web3 ’s communal demands. Secure, large‑scale calls could host multichain hackathons, decentralized grant panels, and NFT minting drop parties—ushering in an era where encrypted communications seamlessly integrate with onchain action.
Conclusion: Charting Tomorrow’s Web3 Horizon
Today’s headlines—from island‑wide blockchain sanctuaries to AI‑powered explorers, from biometric orbs to regulatory overtures and encrypted megacalls—illustrate the multifaceted momentum driving blockchain and crypto into mainstream orbit. Key takeaways include:
-
Economic Diversification via Blockchain: Smaller nations can pivot from tourism to tech‑led growth, provided they embed sustainability and legal clarity.
-
Identity & Privacy Trade‑Offs: Worldcoin’s iris scans provoke essential dialogue on biometric ethics versus Sybil‑resistance in decentralized networks.
-
AI‑Driven Transparency: Arkham and Blockchair spotlight the accelerating fusion of AI and onchain analytics, demanding new privacy paradigms.
-
Adaptive Regulation: The Blockchain Association’s SEC proposal signals burgeoning alignment between policymakers and innovators—critical for U.S. leadership.
-
Web3‑First Infrastructure: Telegram’s encryption upgrade underscores the imperative for platforms to bake decentralized security into every layer.
As the industry hurtles forward, stakeholders must navigate these cross‑currents with pragmatic vision—embracing decentralization, protecting user sovereignty, and fostering constructive policy engagement. Tomorrow’s decentralized economy may hinge as much on robust encryption and AI transparency tools as on visionary regulation and sustainable infrastructure projects.
The post Blocks & Headlines: Today in Blockchain – May 5, 2025 – Arkham, Blockchair, Worldcoin, Maldives appeared first on News, Events, Advertising Options.
Blockchain
Valueex (VUEE) Exchange Opens IEO Window, Leading New Opportunities in Global Blockchain Investment
-
Blockchain6 days ago
Mercurity Fintech’s Chaince Securities Appointed as Strategic Advisor for Classover’s Solana-Focused Treasury Strategy
-
Blockchain Press Releases5 days agoFrom Exchange to Ecosystem Builder: MEXC Celebrates 7th Anniversary at TOKEN2049 Dubai with $300M Ecosystem Development Fund Launch
-
Blockchain7 days ago
Veriff and Legitify Partner to Streamline Cross-Border Digital Notarisation
-
Blockchain5 days ago
HODL 2025: Blockchain’s Brightest Minds. All in Dubai
-
Blockchain Press Releases5 days agoInterlace Debuts at Token2049 to Accelerate Web2-Web3 Integration Across MENA
-
Blockchain Press Releases6 days ago
MEXC Ventures Announces $300 Million Ecosystem Development Fund at Token2049 Event
-
Blockchain5 days agoSkyCrest Capital Launches SkyAlpha X 2.0 AI System and Innovative SkyFund Protocol (SKF)
-
Blockchain Press Releases6 days agoRain and Visa Partner to Accelerate Onchain Credit Cards
