Blockchain
Canada Computational Unlimited (SATO) Participates in the Bitcoin Council Survey and Data Review
Toronto, Ontario–(Newsfile Corp. – October 20, 2021) – Canada Computational Unlimited Inc. (TSXV: SATO) (the “Company”, “CCU.ai” or “SATO”) is pleased to announce that as part of its commitment toward renewable energy and sustainability, it has taken part in the Bitcoin Mining Council’s (“BMC”) Q3 Data Review. SATO is one of 29 participants in the survey representing 33% of the entire Bitcoin Mining Network and currently uses 100% renewable energy for all its mining operations.
The Bitcoin Mining Council, formed by Michael Saylor from MicroStrategy, is a voluntary and open forum of miners committed to the network and its core principles. BMC promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining.
The Company’s CEO, Romain Nouzareth, represented SATO at the BMC discussion series which covered progress on sustainable Bitcoin Mining as well as insight into the future vision and usage of the lighting network.
Romain Nouzareth, CEO and Chairman of CCU.ai, commented, “Bitcoin blockchain technology applications are vastly evolving, as are the worldwide mining operations that support the infrastructure that make it possible. BMC provides the network with the opportunity to ensure that we are on the right trajectory toward sustainability. I am encouraged by the data we have compiled, and that we are part of an industry that is so environmentally conscious. As per the presentation, the Bitcoin network only uses 0.12% of the world’s energy production and we have one of the highest usage of sustainable mixed energy of any industry. I believe we are on the right track and look forward to seeing this industry thrive.”
For the full BMC presentation please follow the link:
If you cannot view the video above, please visit:
https://www.youtube.com/watch?v=JPai5uoN2tg
On Behalf of the Company,
Romain Nouzareth,
CCU.ai CEO and Chairman
About CCU.ai – SATO
CCU.ai operates a state-of-the-art, carbon-neutral bitcoin mining center with a contract of 20 MW of stable, eco-friendly energy. The company’s high-density calculation centers are built for high-grade cryptocurrency mining, AI data processing, and fintech infrastructure.
Founded in 2017, CCU.ai is led by technology entrepreneurs, electricity and ventilation experts, network specialists, and Canadian industrialists. Since its inception, the company has pursued a vision of environmental stewardship throughout the mining process. The excess supply of renewable energy in the province of Québec has made this endeavor feasible and a great base for growth.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information and data contained in this release are for informational purposes only and are not an offer or solicitation to buy or sell any securities.
For additional information, please contact:
Caroline Klukowski,
Tel: 604.260.5490
[email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/100341
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Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
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