NEW YORK, April 5, 2021 /PRNewswire/ — For many industries, the impacts of lockdowns and social-distancing measures imposed over the course of the yr by governments all over the world to include the pandemic have been financially devastating. For video-streaming providers and on-line video content material generally, the pandemic disaster has been a chance. Apart from the spike in leisure consumption, video communication via the web is now extra related than ever earlier than. As such, each work and schooling now closely rely on on-line video conferences, video conferences, recorded lectures or tutorials in addition to dwell classes. Moreover, because of social distancing and quarantine measures, video conferencing platforms comparable to Zoom and WebEx at the moment are at peek recognition, as are studying administration techniques like Instructure’s Canvas, Blackboard and Google Classroom. Meten EdtechX Schooling Group Ltd. (NASDAQ: METX), Zscaler, Inc. (NASDAQ: ZS),Sq., Inc. (NYSE: SQ), Ebang Worldwide Holdings Inc. (NASDAQ: EBON), HIVE Blockchain Applied sciences Ltd. (TSX-V: HIVE) (OTC: HVBTF)
As demand for on-line schooling grew, the technological capability to facilitate this demand had grown as nicely. New improvements, strategies and enterprise mannequin are consistently being applied within the on-line schooling phase. Specifically, blockchain expertise may supply a number of important options to this phase. For instance, in response to a report by Forbes, having a blockchain-based system to document the accreditation, observe the adjustments over time, and allow the instantaneous verification of credentials and levels would assist improve transparency, and belief.
Meten EdtechX Schooling Group Ltd. (NASDAQ: METX) introduced breaking information final week that, “the Firm has initiated its blockchain expertise strategic plan (the “Plan”) and can introduce a Dogecoin reward mechanism on the platform of Likeshuo for international academics. Dogecoin is the second largest cryptocurrency on the planet after Bitcoin.
The Firm has divided the Plan into three main levels:
Preliminary Take a look at Interval
The primary stage, which is the preliminary take a look at interval, the Firm plans to introduce a Dogecoin reward mechanism to supply incentives to international academics. College students can reward the academics with Dogecoins primarily based on their instructing efficiency and academics may earn Dogecoin rewards by enterprise instructing and analysis duties printed on the Firm’s platform. As well as, college students may earn Dogecoins by finishing their research and sharing data on the platform.
Joint Growth Interval
Within the second stage, the joint improvement interval, the Firm will actively search cooperation with on-line schooling regulators and blockchain expertise service suppliers to construct a wholesome ecosystem of mutual profit by leveraging the technological benefits of blockchain. The Firm additionally plans to cooperate with third events to construct an ecosystem to guard copyright, confirm academics’ qualification, document college students’ competency indicators extra successfully whereas higher defending college students’ privateness.
Know-how Integration Interval
The third stage is the expertise integration interval, through which the Firm expects to combine its personal assets and technological strengths, apply blockchain, synthetic intelligence, 5G and different cutting-edge applied sciences to additional revolutionize on-line schooling and supply college students with high-quality schooling providers.”
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Zscaler, Inc. (NASDAQ: ZS) operates as a cloud safety firm worldwide. The corporate offers Zscaler Web Entry resolution that gives customers, servers, operational expertise, web of issues, and system safe entry to externally managed functions, together with software-as-a-service (SaaS) functions and web locations; and Zscaler Non-public Entry resolution, which is designed to supply entry to internally managed functions, both hosted internally in knowledge facilities, and personal or public clouds.
Sq., Inc. (NYSE: SQ) reported final month that it has bought roughly 4,709 bitcoins at an combination buy value of USD 50 Million. Sq. believes that cryptocurrency is an instrument of financial empowerment and offers a method for the world to take part in a worldwide financial system, which aligns with the corporate’s goal. The funding represents roughly one p.c of Sq.’s complete property as of the tip of the second quarter of 2020. “We consider that bitcoin has the potential to be a extra ubiquitous forex sooner or later,” stated Sq.’s Chief Monetary Officer, Amrita Ahuja. “Because it grows in adoption, we intend to study and take part in a disciplined method. For an organization that’s constructing merchandise primarily based on a extra inclusive future, this funding is a step on that journey.”
Ebang Worldwide Holdings Inc. (NASDAQ: EBON) introduced earlier final month that the Firm has accomplished the designing of a chip for simultaneous Litecoin (LTC) and Dogecoin (Doge) mining as an addition to our present portfolio of cryptocurrency mining chip designs. The Firm believes the brand new design will enable the Firm to assemble excessive efficiency cryptocurrency mining machines superior to different mining machines at the moment available on the market. Mr. Dong Hu, Chairman and CEO of the Firm, commented, “The completion of the designing is a credit score to our elevated funding in R&D lately. We have now made large efforts to construct up our R&D staff and speed up product iteration and innovation. Sooner or later, we are going to give attention to growing extra mainstream cryptocurrency mining machines, and we’re contemplating designing extra mining chips appropriate with a number of cryptocurrencies. We consider it would assist improve our income from the cryptocurrency mining enterprise and optimize our product providing construction alongside the blockchain trade worth chain.”
HIVE Blockchain Applied sciences Ltd. (TSX-V: HIVE) (OTCQX: HVBTF) reported earlier this yr an settlement to develop the footprint of their Sweden GPU mining knowledge centre by a direct 2 MW at an estimated price of USD 9 Million, by the tip of April 2021. By the tip of 2021 we’re planning a 30% improve in our Ethereum mining capability. The rapid growth of the working footprint can be completed via an infrastructure re-fitting of a portion of its current facility in Boden, Sweden at an estimated price of USD 250,000 and the acquisition of latest technology GPU chips and related mining rigs to deal with them at an estimated price of USD 8.75 Million. These new technology chips are anticipated to be extra environment friendly than at the moment accessible GPU chips available on the market whereas consuming much less electrical energy, which ought to result in persevering with optimistic gross margins.
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