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Established in 2003, Singapore. Acronis is a global leader in hybrid cloud data protection and storage. CEO/founders - Serguei Beloussov.

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Acronis Blockchain and AI Services Provider Gets $20 Million to Boost Research and Development

Services Provider Acronis Expands Research And Development In Blockchain Technology In order to celebrate being 15 years in the market, the cyber protection services provider company Acronis has an expansion plan for the blockchain industry. According to an official press release uploaded on September 27, the company announced that it will increase its investment in Arizona to $20 million dollars for the next three years. Acronis is working in order to continue with its expansion plan all over the world. That includes Acronis’ R&D centres in Singapore, Bulgaria and Switzerland. This would allow the company to create a globally-distributed network of engineering facilities that sustain development related to cyber protection, blockchain technologies and AI. The main intention behind this investment plan is to take advantage of the ‘follow-the-sun’ engineering workflow. Each of the offices will be following the work performed by the other at the start of their working day. The company plans to increase the investment to $20 million dollars and grow a team with different positions including support, business development, research and development and marketing. Acronis has also decided to thank Governor Ducey, Arizona’s Commerce Authority and Mayor Lane and City of Scottsdale because of the help provided. At the same time, John Zanni, President of Acronis and President of Acronis Foundation, explained that their first year at Scottsdale since they opened their office has been very positive for the company. Governor Ducey, Has Also Given His Opinion On The Matter: “Arizona continues to prove that it’s the place to be for companies advancing the technologies that will shape our future. This announcement by cyber protection industry leader Acronis clearly demonstrates that Arizona provides the talent, business environment and culture of innovation that modern businesses require. I’d like to thank Acronis for bringing new opportunities to Arizona.” The company aims at introducing a new hybrid cloud architecture that would allow for a greater privacy, flexibility and data privacy. Acronis was the first company to add artificial intelligence-based ransomware protection to its products. Furthermore, it has also decided to add blockchain-based data authentication to its products. The Acronis Foundation was created by the company after the 15-year anniversary of the company. There are several countries and regions around the world that are allowing blockchain technology to grow and spread. Just yesterday, Joseph Muscat, Malta’s Prime Minister, talked at the United Nations saying that blockchain technology and virtual currencies are the future. Malta is one of the most important countries related to cryptocurrencies and blockchain technology since it has created a very flexible landscape for companies to settle their operations there.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

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