Blockchain
Adamant Publishes an Increase in Q1 2022 Revenue
Vancouver, British Columbia–(Newsfile Corp. – June 16, 2022) – Adamant Global Holdings (CSE: ADMT) (OTC Pink: UCCPF) (FSE: U06) (“Adamant”) announces 318.511USD of revenue on its financial statements for the first quarter ended on March 31th 2022. All the audited statements can be access on the SEDAR website.
In a context of market inflation, the management is taking all corrective measures to confirm financial objectives for 2022. First quarter of the year showed an improvement compared to Q1 2021 -which had no revenue due to its dormant statements-, and to Q4 -which registered 275.833USD– thanks to the relaunch of the telecom division (Oktacom Inc).
The reactivation of the wholesale business has been the key to achieve this numbers. Andrea Pagani, Adamant’s CEO, expresses the following:
“Dear shareholders:
I’m taking with enthusiasm all the challenges that we have had. Our goal is very clear: we want our digital divisions to be important players in their respective sectors. In this first quarter, Adamant has delivered a solid performance with significant revenue, and this allows us to confirm that we’re on track to achieve our 2022 targets. The results obtained also demonstrate management’s ability to grow in the telecommunications market, and represent a strong foundation for this year and longer term.
We are glad to communicate the revenue that we have had during 2022 Q1. This translates in 318.511USD. All this wouldn’t be possible without Oktacom and our agreements with telecom carriers (fixed and mobile). When we look at the numbers that we have this year, we are confident that we are going in the right direction.
Our strategy is very clear and our goals are:
- Develop the fintech business by leveraging through our telecom business.
- Strengthen the group by acquiring companies that will help increase and consolidate our financials and market capitalization.
We have two defined companies with excellent synergy (Oktacom and Brilliance); the telecom division will drive the distribution and the growth of the fintech sector.
We are working non-stop to deliver the Upco Pay application and our intention is to deliver a product with the minimum risk to our investors in the market.
This strategy will invoke a three-phase approach as follows:
- Leverage core business capabilities and assets (Wholesale Telecom).
- Reinforce the core business by expanding into related areas (Voice and Data).
- Continue adding value to customers though extended offerings (OTT and UpcoPay).
Adamant is stronger than ever, and part of our objectives are to reduce costs. We value the money that every shareholder has put in this company.
I also want to reaffirm that Upco Pay is more alive than ever and that all our work is being done behind the scenes, in order to present a successful product.
On behalf of the board,”
Andrea Pagani, Adamant’s CEO
About ADAMANT
ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business; and Brilliance LTD, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce.
Brilliance has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.
Andrea Pagani
[email protected]
Website: www.adamantglobal.com
Twitter: @adamantglobal
LinkedIn: Adamant-Global
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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.
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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
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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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