Blockchain
Skychain Technologies Moving into the Rapidly-Growing Edge Computing Sector
Vancouver, British Columbia–(Newsfile Corp. – February 3, 2021) – Skychain Technologies Inc. (TSXV: SCT) announces preparations to expand its data centre services to provide Edge computing for cloud gaming and other high-data applications such as rendering for film and animation. Edge computing, considered the future of enterprise data processing, allows internet consumers to use more connected applications and devices with minimal latency/lag time and network congestion. By using the network’s “edge” (the geographical location where servers deliver functionality to customers most expediently), Edge computing promises major leaps in data processing.
The future of Edge computing appears lucrative, according to Gartner Research & Advisory. The firm predicts that by 2025, as much as 75 percent of enterprise data would be generated and processed through Edge computing. Cloud gaming will be a primary user. Grand View Research reports the global cloud gaming market size is expected to grow at a compound annual growth rate (CAGR) of 48.2% from 2021 to 2027 to reach USD $7.24 billion by 2027. The proliferation of smartphones and 5G wireless networks across the globe is further expected to drive cloud gaming growth.
“Considering these powerful market trends, we’ve identified Edge computing as the next strategic step in our growth,” said SkyChain CEO Bill Zhang. “Skychain’s deep experience in cryptocurrency mining has resulted in development of our own unique high-speed equipment, venues and energy solutions suited perfectly to Edge computing. As a result, we can provide access to new revenue sources with only marginal costs of upgrading our facilities.”
Over the past three (3) years, SkyChain and MiningSky have provided Infrastructure As A Service (IAAS) for cryptocurrency verification. SkyChain’s facilities include a data centre, large megawatt electrical capacity and network to support the required high-volume data processing. Under a business plan in process, Skychain is conducting testing to upgrade the current IAAS to cloud-based IAAS for expanded applications.
Skychain believes its new Quebec and Manitoba data facilities, when fully upgraded and, in the case of Manitoba, fully online, are ideal service locations for the new services with the best electricity rates in Canada. Both facilities will provide close proximity to the users and best-in- class internet latency.
In concert with industry partners, Skychain is starting a Proof of Concept (POC) project at an estimated budget of $600,000 for the cloud IAAS. The partners, who are also SkyChain customers, will contribute capital. Skychain will contribute its IAAS platform, technical advice and management to the POC.
About Skychain Technologies INC
Skychain Technologies is a Vancouver based company providing Blockchain Infrastructure services and power solutions. Our vision is to become a leading player in the crypto/data mining hosting by growing to 100Mw of crypto hosting capacity. To learn more, visit www.skychaintechnologiesinc.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Bill Zhang
President and CEO
______________________________________________________________________
Contact: 604-456-0608
[email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.
NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE USA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73470
Bybit Invites Traders to Embark on a Token Treasure Hunt
Blockchain
India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
-
Blockchain7 days agoBlocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
-
Blockchain Press Releases6 days agoBybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
-
Blockchain2 days ago
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
-
Blockchain Press Releases2 days ago
Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week
-
Blockchain Press Releases6 days ago
Surprises Guaranteed: Bybit Card Dishes Out Rewards in Holiday Giveaway
-
Blockchain6 days agoBybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws
-
Blockchain6 days agoLCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape
-
Blockchain Press Releases6 days ago
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
