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Global Technology Innovator Danny Manu Joins Quanta Networks Inc.

Vlad Poptamas

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Danny Manu, most famous for inventing Mymanu CLIK wireless earbuds, will join Canadian-based Quanta Networks Inc. as Global Technology Engineer.

Quanta Networks has created the first fully decentralized Blockchain compliant communications system. Quanta enables “facility free” networks – mobile devices form their own networks without the need for cell towers.

“I’m impressed with such a revolutionary idea from Quanta Networks. As an innovator, I’m really excited to be part of such a project to develop a solution to improve people’s lives,” said Danny Manu.

Quanta Networks offers global security and privacy for personal and commercial transactions over mobile. The security restricts the ability for unwanted callers, messages, emails and location services to intrude upon your privacy.

“Danny Manu is key to support our mission of a totally secure, global mobile solution”  said Marc Hurst, President & Managing Director of Quanta Networks Inc. “He brings engineering and international product commercialization experience to our team.”

Manu is the company’s first executive advisor engagement outside of North America and signals the support Quanta Networks has in the tech community for its ground-breaking solution. Rapid progress on roadmap milestones are expected in the coming months.

Quanta Networks is a telecommunication company based in Ontario, Canada. Founded in 2017, the company’s mission is to solve global telecom security and data issues affecting five billion mobile users worldwide. https://quantanetworks.io/

Danny Manu invented Mymanu CLIK, the world’s first truly wireless earbuds and a live voice translation system. Prior, he worked for many years as a music producer with top global musicians producing hits reaching the top 10 charts. He then joined one of the world’s leading aerospace engineering companies as an Aerospace Engineer and Product Developer. His international work combines his passion for music, programming, technology and innovation.

 

SOURCE Quanta Networks Inc.

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Blockchain

NASCO Partners with Several Healthcare Companies to Form a Consortium Focused on Delivering Breakthrough Technologies for the Healthcare Industry

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NASCO, a leading provider of healthcare technology solutions, announced today that it has partnered with Blue Cross Blue Shield of Massachusetts, Blue Cross Blue Shield of Michigan (BCBSM), Horizon Healthcare Services, Inc. and Express Scripts to form a consortium focused on delivering breakthrough technologies for the healthcare industry. The consortium, named Coalesce Health AllianceSM (Coalesce), is initially focused on evaluating the application of blockchain to improve the efficiency and accuracy of member healthcare data exchanges across entities within the Blues’ ecosystem.

Owned by and exclusively serving Blue Cross and Blue Shield (BCBS) health plans across the nation, NASCO fosters collaboration among BCBS plans to promote innovation, deliver shared solutions and create a competitive cost advantage. Coalesce views blockchain not only as a technology disruptor, but also as an enabler of business networks and collaborative information exchange. NASCO began working with its BCBS plan partners in 2018 to examine how blockchain could help transform its already strong collective business network into an efficient, real-time, secure, trustworthy ecosystem that would benefit all parties.

Coalesce has successfully executed an Alpha Pilot project to demonstrate a basic healthcare distributed accumulators blockchain solution in a cloud environment. The Alpha Pilot project addresses the challenges health plans experience in managing member accumulations — such as not being able to accurately identify members across entities, working with stale or incomplete data and running into inconsistent integration formats — to ultimately increase operational efficiencies and improve the member experience.

“As both a co-owner and customer of NASCO, we recognize the value of interoperability as a key pillar of our strategy,” said Bill Fandrich, Senior Vice President and CIO for BCBSM. “Our recent success leveraging blockchain, in partnership with several other Blue plans in the Coalesce Health Alliance, is one step in that journey.”

Interest in Coalesce has increased since the introduction of the Alpha Pilot project, as several other BCBS health plans, including HealthNow New York, Inc., are now participating in the consortium’s advisory groups to evaluate the potential business value for their health plans.

“We’re only at the beginning of our journey of testing traditional notions and transforming healthcare through innovative solutions,” said David Weeks, CTO for NASCO. “But we’re excited about the possibilities, and we’re grateful to be part of a consortium of partners who are imagining the future of healthcare with us.”

 

SOURCE NASCO

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Hyperblock Inc. Announces Delay of Annual Filings, Additions and Changes to Board of Directors, and Transition of Interim Chief Financial Officer

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HyperBlock Inc. (“HyperBlock” or the “Company“) (CSE: HYPR) announced today that, as a result of the Canadian Public Accountability Board December 2018 guidance document outlining its expectations for audits of companies that own cryptoassets and recommending standards to be adopted in the audit practices of those companies’ auditors, and following the recent resignation of the Company’s auditor, the Company will not be in a position to file its financial statements, management’s discussion and analysis and related officer certifications for the financial year ended December 31, 2018 (collectively, the “Annual Filings“) prior to the April 30, 2019 filing deadline under National Instrument 51-102 – Continuous Discloser Obligations and National Instrument 52-109 – Certification of Disclosure in Issuers Annual and Interim Filings.

The Company has appointed Manning Elliott LLP as its auditor and the audit of the Company’s Annual Filings is ongoing.  The Company anticipates that it will be in a position to finalize and issue its financial statements and related disclosures no later than June 30, 2019. The Company does not anticipate any delay in filing its interim financial statements, management’s discussion and analysis, and the related officer certifications for the financial period ended March 31, 2019.

The Company has submitted an application to the Ontario Securities Commission, as principal regulator for the Company, under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“) requesting that a management cease trade order be imposed in respect of this late filing rather than an issuer cease trade order. The issuance of a management cease trade order generally does not affect the ability of persons who have not been directors, officers or insiders of the Company to trade in their securities. In the event that the management cease trade order is granted, it will be in effect until the default is remedied.

The Company confirms that it intends to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of its filing requirements.  The Company confirms as of the date of this news release that there is no insolvency proceeding against it and that there is no other material information relating to its affairs that has not been generally disclosed.

The Company also is pleased to announce today that Roozbeh Ebaddi, Chief Operating Officer, has joined the Company’s board of directors, subject to CSE approval.  Mr. Ebaddi was also Chief Operating Officer and Co-Founder of CryptoGlobal and has a distinguished history in building technology companies. The Company also reports today that it has accepted the resignations of Eric So, Dayna Gibbs, and Tony Gaffney from the Company’s board of directors. The Company is thankful for their contributions to its development and wishes them the very best in their future endeavours. Inder Saini also stepped down as the Company’s Interim Chief Financial Officer, and the recruitment process for a permanent Chief Financial Officer is currently underway. During such recruitment process, Sean Walsh, the Company’s Chief Executive Officer, will act as the Company’s Interim Chief Financial Officer.

 

SOURCE HyperBlock

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Why Merging Cryptocurrency With Today’s Payment Platforms Should Generate Rising Revenue Streams

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A report by McKinsey & Company on global banking, projected that global payment market revenues are poised to approach $3 Trillion by 2023. As cryptocurrency payment platforms become more common… that number should rise… but the purveyors of traditional payment methods may have to get over their initial reluctance to this new disruptive technology… or they could miss the boat! A recent article in the Bitcoin Exchange Guide addressed this subject: “One of the longtime fears that the traditional financial world seems to have about cryptocurrency is its potential for overtaking payment systems. People who are comfortable with the archaic system do not want to see a broader market… However, as the technology behind cryptocurrency and blockchain finds more use cases, the disruption of the current payment system may not be far behind.  Active Companies in the industry include NetCents Technology Inc. (CSE:NC) (OTC:NTTCF), Xunlei Limited (NASDAQ: XNET),  PayPal Holdings, Inc. (NASDAQ: PYPL), Pareteum Corporation (NASDAQ: TEUM), Riot Blockchain, Inc. (NASDAQ: RIOT).

The report continued: “Lisa Ellis is an analyst with MoffettNathanson… (recently) stated that she believes that cryptocurrency’s global acceptance could change payment systems. To be clear, she does not believe that the big names like Visa, Mastercard and PayPal will be pushed aside anytime soon, but the…  idea of crypto replacing (the traditional standards) is worth exploring. Cryptocurrency has this unique quality of remaining independent of any specific country, and the way that it has jumped in as a saving grace to many countries suffering from hyperinflation is a reprieve.

NetCents Technology Inc. (CSE:NC) (OTCPK:NTTCF) (Frankfurt:26N) BREAKING NEWS:  NetCents Technology is pleased to announce that it has begun processing cryptocurrency transactions for its first charity partner, HS Aware.

NetCents is a strong believer about being able to invoke change. Change not only on its business side but more importantly throughout our communities with initiatives that positively impact people’s lives. On March 7th, the Company launched its Charity Impact Initiative and we are proud to announce our first charity partnership with HS Aware.

NetCents is providing all registered charities and non-profits free cryptocurrency processing. Any charity that signs up through this initiative is able to accept donations and sell their merchandise and tickets with zero processing fees.  Interested charities can visit  https://net-cents.com/partners#partners-form to learn more and sign up.

“HS Aware is excited to remain an innovator in the non-profit space by now accepting cryptocurrency donations to fund our future initiatives and events,” stated Maria Goguen, President of HS Aware. “We’ve had a lot of interest to begin accepting donations in crypto to further support the HS community and now through this partnership, we are able to. We are thankful for any and all support members of the community want to give.”

HS Aware regularly lobbies and liaisons with the government and medical organizations, hosts events bringing awareness and support to HS (Hidradenitis Suppurativa), and provides an open and safe space for HS patients to discuss living with HS. Founded in Canada, HS Aware is the largest Canadian community and has increased its footprint globally as one of the largest non-profits in the world representing HS with a community of over 15,000 active supporters worldwide.   Read this and more news for NetCents at:  https://www.financialnewsmedia.com/news-nc/    

Other recent developments in the tech industry include:

Xunlei Limited (NASDAQ: XNET) a leading innovator in shared cloud computing and blockchain technology in China, recently announced that the Company has cooperated with the Copyright Protection Center of China (“CPCC”) to build a blockchain-powered digital copyright identifier (“DCI”) system. CPCC, established in 1998, is the national copyright public service institution supervised directly by the State Administration of Press, Publication, Radio, Film and Television of the People’s Republic of China (National Copyright Administration of China). CPCC has a DCI system, which plays a significant role in the core infrastructure of the national internet copyright public services.

Riot Blockchain, Inc. (NASDAQ: RIOT) recently announced the filing of its 2018 Annual Report on Form 10-K, which can be viewed on the Company’s website or at SEC.govHighlights extracted from the December 31, 2018 annual consolidated financial statements (all amounts as of, or for the year ended, December 31, 2018) include:  Generated approximately $7.7 million in revenue on the production of 1,081 Bitcoins (including Bitcoin Cash as converted) and 3,023 Litecoins for the year. The Company established steady-state mining of cryptocurrencies at our approximately 8,000-miner facility in Oklahoma City commencing in June, 2018 – Positive gross margin of 33% before depreciation, amortization and impairment, despite a decline in the average price of Bitcoin throughout the year – Cash and digital currencies totaled $1.6 million – No long-term debt – Net loss attributable to Riot Blockchain of approximately $58 million. The net loss was largely attributable to the noncash aggregate impairments, depreciation, amortization, and stock-based compensation expenses of approximately $45.2 million – 13,403,846 weighted average number of common shares outstanding

Pareteum Corporation (NASDAQ: TEUM) a rapidly growing global cloud software communications platform company with a mission to connect every person and every(thing)™, announced that it will report first quarter 2019 financial results after the market close on Tuesday, May 7, 2019. Management will host a conference call and webcast to discuss the Company’s financial results at 4:30 pm EDT.  Conference Call Information:

Date:  May 7, 2019
Time:  4:30 PM EDT
Domestic Dial-in Number: 1- 800-263-0877
International Dial-in Number: 1- 646-828-8143 
U.K. Toll Free:  0800 358 6377

PayPal Holdings, Inc. (NASDAQ: PYPL) and Cambridge Blockchain, Inc. a digital identity enterprise software provider, announced today that PayPal has joined its Series A funding round. With this investment, the two companies will explore potential collaborations to leverage blockchain technology.

“Our service helps streamline digital identity compliance while giving customers control over their identity data,” said Matthew Commons, Cambridge Blockchain’s CEO. “We are honored by PayPal’s vote of confidence, and we look forward to their support and guidance.”

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult =a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by NetCents Technology Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

SOURCE FinancialNewsMedia.com

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