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 comprise the pandemic have been financially devastating. For video-streaming providers and on-line video content material typically, the pandemic disaster has been a chance. Apart from the spike in leisure consumption, video communication by 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 akin to Zoom and WebEx are actually at peek recognition, as are studying administration programs 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 continuously being carried out within the on-line schooling section. Specifically, blockchain know-how might provide a number of vital options to this section. For instance, in accordance with a report by Forbes, having a blockchain-based system to file the accreditation, monitor 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 know-how strategic plan (the “Plan”) and can introduce a Dogecoin reward mechanism on the platform of Likeshuo for international lecturers. Dogecoin is the second largest cryptocurrency on the earth after Bitcoin.
The Firm has divided the Plan into three main phases:
Preliminary Take a look at Interval
The primary stage, which is the preliminary check interval, the Firm plans to introduce a Dogecoin reward mechanism to supply incentives to international lecturers. College students can reward the lecturers with Dogecoins based mostly on their instructing efficiency and lecturers also can earn Dogecoin rewards by endeavor instructing and analysis duties revealed on the Firm’s platform. As well as, college students also can earn Dogecoins by finishing their research and sharing information on the platform.
Joint Improvement Interval
Within the second stage, the joint growth interval, the Firm will actively search cooperation with on-line schooling regulators and blockchain know-how 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 lecturers’ qualification, file college students’ competency indicators extra successfully whereas higher defending college students’ privateness.
Know-how Integration Interval
The third stage is the know-how integration interval, wherein 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 gives Zscaler Web Entry resolution that gives customers, servers, operational know-how, web of issues, and machine 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 offer 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 worth of USD 50 Million. Sq. believes that cryptocurrency is an instrument of financial empowerment and gives a means for the world to take part in a world financial system, which aligns with the corporate’s function. The funding represents roughly one % of Sq.’s whole belongings as of the top of the second quarter of 2020. “We imagine that bitcoin has the potential to be a extra ubiquitous foreign money sooner or later,” stated Sq.’s Chief Monetary Officer, Amrita Ahuja. “Because it grows in adoption, we intend to be taught and take part in a disciplined means. For an organization that’s constructing merchandise based mostly 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 in the marketplace. 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. Now we have made large efforts to construct up our R&D workforce and speed up product iteration and innovation. Sooner or later, we are going to deal with growing extra mainstream cryptocurrency mining machines, and we’re contemplating designing extra mining chips suitable with a number of cryptocurrencies. We imagine it should 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 increase the footprint of their Sweden GPU mining knowledge centre by a right away 2 MW at an estimated price of USD 9 Million, by the top of April 2021. By the top of 2021 we’re planning a 30% improve in our Ethereum mining capability. The quick enlargement of the working footprint could be achieved by an infrastructure re-fitting of a portion of its present 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 obtainable GPU chips in the marketplace whereas consuming much less electrical energy, which ought to result in persevering with constructive gross margins.
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