Trade Show News
IBM Hosts First APAC MOBI Colloquium to Promote Standards and Accelerate Adoption of Blockchain in Human Mobility
Reading Time: 3 minutes
Today, members from the Mobility Open Blockchain Initiative (MOBI) and representatives from major technology companies and automakers convene at IBM’s China Headquarters in Shanghaito discuss the way forward to accelerate the development of connected cars and autonomous mobility solutions. The first APAC MOBI Colloquium sets out to explore the current state of blockchain research and development, IoT solutions, and how these new technologies can make mobility greener, safer, and more accessible for China and the region.
Today’s vehicles are evolving from a mode of transport to moving data centers with onboard sensors and computers that capture information about the vehicle and its surroundings. Blockchains can unleash this data to power a new and more sustainable future.
In China, blockchain is undergoing a period of rapid growth and experimentation. The People’s Bank of China recently backed and piloted a new blockchain-based trade finance platform, the judiciary adopted rules making blockchain evidence admissible in court, and the Agricultural Bank of China made a blockchain mortgage. The development of blockchain technology itself is key to the nation’s technological advancement.
“Blockchain and decentralized ledger technology has great potential to make mobility greener, safer, and more accessible for cities around the world, especially for nations with rapid urbanization like China,” said Chris Ballinger, CEO of MOBI. “MOBI is set up to promote the advancement of a future solution that combines smart cities and connected cars to make people’s lives better. This is a big mission. It is not a task to be realized by a single company. By bringing together key stakeholders, experts, and partners, we believe MOBI is in the right position at the right time to advance this grand vision.”
China has more than 300 million registered vehicles – almost the same number as people in the United States – and the number continues to rise.1 10 out of the 25 most congested cities in the world are in mainland China.2 Motor vehicle emissions have become a major source of air pollution in China.3
A new mobility solution is needed to ensure a sustainable future.
If this vision can be realized, the benefits it brings to our society are immense. Studies4 have shown that autonomous vehicles can optimize fuel efficiency and reduce emissions by 60%. In the US alone, people in urban areas spend about 7 billion hours in traffic every year. That’s 3.1 billion gallons of fuel wasted and $160 billion lost due to traffic congestion. Most importantly, by minimizing human error, autonomous vehicle solutions can reduce accidents by 90%.
All this is great but we still have a fair way ahead of us. According to a Rand Corp study,5 1 trillion miles of self-driving data is needed in order for autonomous vehicle models to be accurate and safe. Waymo, the former Google autonomous car project, is driving 25,000 miles a day. At this rate, it would take close to 110,000 years to reach the Rand Corp mileage target.
“The linchpin is data,” said Trent McConaghy, founder of Ocean Protocol. “We are bringing to MOBI a blockchain-powered platform that enables data to be shared in a safe, privacy-preserving, borderless fashion. Algorithms can travel to data to get trained without exposing the data or taking a copy. This is ideal for MOBI’s partners and community to retain data privacy and ownership. For the first time we can unlock the value of data without unlocking data itself,” McConaghy continues.
The MOBI Colloquium Shanghai brings together a diverse network of industry leaders and startups, providing them with a platform to share knowledge and innovate. Widespread adoption of blockchain technology cannot be achieved without the creation and agreement upon standards to regulate the ecosystem. By encouraging communication between differing industries, MOBI helps drive forward blockchain scalability. China’s robust mobility, blockchain, IoT, and AI ecosystem offers tremendous opportunities for MOBI community members to create a brighter and safer future.
The first APAC MOBI Colloquium is hosted by IBM and co-organized by CPChain and Tribe Accelerator.
SOURCE MOBI
Latest News
Kona Gold Beverages, Inc. Indicates Strategic Expansion Through $5 Million Non-Dilutive Credit Line
Kona Gold Beverages, Inc. (OTCPK: KGKG), a dynamic holding company specializing in product development within the better-for-you and functional beverage sector, is proud to announce the company has successfully secured a $5 million line of credit that will be dedicated to driving production growth, expanding market share, and exploring potential acquisitions.
Under the visionary leadership of the new management team, Kona Gold Beverages, Inc. is taking a bold step toward sustained growth. The $5 million credit line is non-dilutive, meaning it does not have the option to convert into shares of the company. This strategic move emphasizes the management’s commitment to preserving shareholder value and ensuring responsible financial stewardship.
“This non-dilutive credit line marks a significant milestone for Kona Gold Beverages, Inc. as we strategically position ourselves for growth without compromising the interests of our valued shareholders,” said Brandon White, President and Chairman of Kona Gold Beverages, Inc., “We understand the importance of responsible expansion, and this credit line will play a pivotal role in driving our production capabilities, expanding our market presence, and exploring potential acquisitions that align with our vision.”
Management acknowledges the challenge of a bloated share structure inherited from previous funding sources, including the issuance of shares, warrants, and conversion abilities. While some conversion possibilities may be beyond our control, the new management team is fully committed to transparency and will keep shareholders informed of any developments.
The company is actively taking steps to eliminate conversion possibilities within its control, recognizing the significance of growing the company without diluting shareholder value. Additionally, Kona Gold Beverages, Inc. remains dedicated to seeking funding sources that not only align with the company’s growth objectives but also prioritize the best interests of its shareholders and their value.
Key Highlights:
- Strategic Credit Line: The $5 million non-dilutive credit line will be used for production growth, market share expansion, and potential acquisitions.
- Preserving Shareholder Value: The credit line is structured to safeguard shareholder value by preventing conversion into shares of the company.
- Transparency Commitment: Management is fully committed to transparency and will keep shareholders informed regarding the share structure and any potential conversion developments.
- Responsible Financial Stewardship: The new management team is focused on eliminating conversion possibilities within its control and seeking funding sources aligned with shareholder interests.
Kona Gold Beverages, Inc. is poised for an exciting phase of growth, and this strategic financial move underlines the company’s dedication to responsible expansion and shareholder value.
The Company recently announced it has eliminated $1.3 Million in debt and has reduced its authorized shares by 4.386 Billion shares.
For more information regarding Kona Gold Beverage, please visit: https://konagoldbeverage.com/
About Kona Gold Beverage, Inc.
Kona Gold Beverage, Inc., a Delaware corporation, operates its wholly-owned subsidiary, Kona Gold LLC. Kona Gold, LLC has developed a premium Hemp-Infused Energy Drink line; please visit its website at www.konagoldhemp.com. Kona Gold is located on the east coast of Florida in Rockledge.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” and similar expressions. The Company may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission, in press releases and other written materials, and in oral statements made by its officers, directors, or employees to third parties. There can be no assurance that such statements will prove to be accurate. The Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those outlined in the Company’s Annual Reports on Form 10-K and its other filings with the Securities and Exchange Commission. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company’s control. The Company does not undertake any obligation to update publicly or to revise any statements in this release, whether as a result of new information, future events, or otherwise.
Investor Relations Contact:
844-714-2224
[email protected]
SOURCE Kona Gold Beverage, Inc.
Trade Show News
First Steps into a Parallel Virtual Reality Universe powered by Blockchain with Artur Sychov (Somnium Space) at TCE2019 Prague
Reading Time: 2 minutes
Founder and CEO of Somnium Space will have a keynote presentation about a bold and visionary concept at PICANTE TECH Conference Europe 2019.
Earlier this year, Somnium Space announced that they are super excited and busy building a bold vision of turning virtual into reality as we create an open, social Virtual Reality world.
The team is excited because ever since the beginning, their true vision is to create a world which will fulfill even the wildest dreams of everyone who decides to join (as well as their childhood dreams) and fully immerse its citizens into parallel reality.
In order to achieve their mission, there are several important parts of puzzle which have to be gradually implemented in order to create a true alternative reality world which come under the forms of:
- Stunningly looking, constantly changing persistent Virtual Reality environment (world) which can be explored by thousands of people at the same time.
- Ability to create, build and express yourself and, share and explore creations of others.
- Fully own and monetize your creations. Be a true and the only owner of your creations. Make money by selling your items in the open and independent marketplaces. Be a part of fully working economy.
All those steps mentioned above are crucial for a world which will exist for hundreds of years from now. The team at Somnium Space has already implemented Step 1 where people are currently enjoying themselves inside their persistent and beautiful VR World. The amazing team has already developed a fully functioning world full of events, gatherings and fun places to explore. People are enjoying live concerts, educational talks and sports competitions or simply sitting in the park and watching birds flying by…
This may sound like one of the recent movies that has shaken up the VR industry, but you need to experience it yourself to believe it.
The project doesn’t stop here as the two other steps need to be implemented and there are also some incredible ideas that involve the use of blockchain and a decentralized economy.
But, in order to hear more about this bold vision is being converted into reality, you need to attend Artur Sychov’s keynote presentation which will take place during PICANTE TECH Conference Europe (TCE2019).
REGISTER HERE to secure your seat!
PICANTE TECH Conference Europe (TCE2019) will take place in Prague on the 3rd of September at Vienna House Andel’s Prague.
About Artur Sychov
Artur is a Founder and CEO of Somnium Space. He has worked as an investment trader for many years before becoming a serial entrepreneur. Previously he has founded several startups and holds patents for hardware inventions which he has implemented into the market. Artur strongly believes in the ultimate future of Virtual Worlds which will bring society to the next evolutionary level.
PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.
Trade Show News
Learn more about Voice Authentication, Speaker Verification and Fraud Detection with Paul Morris (Phonexia) at TCE2019 Prague
Reading Time: 2 minutes
A representative of cutting edge Czech company from Brno to present voice biometrics and speech analytics technologies at PICANTE TECH Conference Europe 2019.
Wondering what voice biometrics is? Well, we have a short answer to it. Voice biometrics works by digitizing a profile of a person’s speech to produce a stored model voice print or template.
The tones collectively identify the speaker’s unique voiceprint. Voice prints are stored in databases in a manner similar to the storing of fingerprints or other biometric data.
Speech analytics is the process of analyzing voice recordings or live customer calls to contact centers with speech recognition software to find useful information and provide quality assurance. Speech analytics software identifies words and analyzes audio patterns to detect emotions and stress in a speaker’s voice.
At PICANTE TECH Conference Europe (TCE2019), which will take place in Prague on the 3rd of September at Vienna House Andel’s Prague, Paul Morris, Business Development Manager at Phonexia, will explain more about how Phonexia’s technology works during a keynote presentation.
Paul will present how a brand new generation of Voice Biometrics technology from Phonexia allows users such as banking, insurance, and telco call and contact centers to be able to quicken and streamline customer interaction, improve overall the customer and employee experience, reduce unnecessary costs, heighten efficiency, increase security and detect fraud.
REGISTER HERE to secure your seat!
About Paul Morris
Paul is Business Development Manager for Phonexia, a cutting edge Czech company from Brno that has many years of experience in developing voice biometrics and speech analytics technologies. Having grown up in the UK and studied European Studies and German at Manchester University, he moved to Central Europe, specifically to Poland then his mother’s birthplace of the Czech Republic where he has lived and worked for the last 18 years in the Construction and IT software industries. He has consistently worked for Czech companies who have been best of the breed in their fields on a global level.
PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.
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