Max Polyakov’s FireFly – a Real Prospect of Accessible Space – Techworm

The History of FireFly

The FireFly starts from American engineer Tom Markusic who has been working in the space industry for 20 years already. The Elon Musk’s SpaceX, Richard Branson’s Virgin Galactic, and Jeffrey Preston Bezos’ Blue Origin are the main projects from his portfolio. All the companies mentioned above support the idea of “New” space and set the goal of making space flight more affordable through the implementation of technological innovations.

In 2014, Markusic takes a decision to create his own company that would work to develop launch vehicles for satellites. This was the birth of FireFly Space Systems and the work on creating constructively new in terms of technical facilities launch vehicles Alpha and Beta has started.

Three years later, the company was on the verge of bankruptcy because of the loss of the key investor who had not been able to fulfill his investing obligations. The businessperson Max Polyakov saved the company from cash collapse and named it FireFly Aerospace (FA).

2017-2018 – the Flight Is Normal

After the company got new investments, it managed to achieve better results than for the previous 4 years.

  1. A new staff was developed and a part of it had been working for the company before bankruptcy. Tom Markusic is in the team and holds the position of FA Executive Director.
  2. The engine Firefly Lightning was developed and tested in Texas, where the company’s Head Office and its production capacity is located. A new user manual Payload User Guide was released.
  3. In June 2018, there was signed a contract with a huge British manufacturer of small satellites Surrey Satellite Technology Limited (SSTL). According to the agreement, Firefly undertakes to launch Alpha for SSTL 6 times since 2020.
  4. The USA Government authorization was received to use Vanderberg Cosmodrome on the Air Force base in the state of California. It is worth mentioning here FireFly became the second private company in the history belonging to a non-resident of the USA that managed to deserve this honorable right.
  5. R&D Center in Dnipro (Ukraine) was opened.
  6. Alpha & Beta tests are now in the final stage.

The first flight of the Firefly Alph? is scheduled for the second part of 2019. In the next two years, 2 launches per month are planned. Alpha will be able to deliver up to 1 ton of payloads into low-Earth orbit (200 km) and up to 600 kg into sun-synchronous orbit (CCO – 500 km). This weight class fits mini and microsatellites (10–1000 kg) and nanosatellites (CubeSat, 1 –10 kg).

Firefly Beta – is a more powerful rocket that consists of three modules Alpha. It is designed to deliver the payloads up to 4 tons into low-Earth orbit and up to 3 tons into CCO. The rocket can be used repeatedly like Elon Musk’s Falcon 9.

In the view of Max Polyakov, the commissioning of FireFly will provide the more affordable price of space payloads transportation that will increase the commercial launches’ potential.

Star Trek

Max Polyakov went into business right after University in 2000. It took him just 8 years to found and promote several companies. Maxymiser is one of them and now it works on web-content personalization and optimization, as well as “cloud” testing of business software. IBM, Epson, Lacoste, and Lufthansa implement Maxymiser’s solutions. The huge American IT-corporation Oracle that ranks second after Microsoft in software output.

In 2012, Max Polyakov became a managing partner of venture capital fund Noosphere Ventures. Nowadays, the fund invests the digital economy (AdTech) and launching space systems. In 2015, Noosphere Ventures deployed its own start-up EOS Data Analytics (Earth Observing System Data Analytics). The company works to enhance the effectiveness of the Geographic Information System (GIS) data collection and analyses, as well as to facilitate access for a broad range of users. EOS team created several successful services that simplify the access to the satellite imaging of the Earth’s surface and allow making either simple or sophisticated remote sounding data analysis online.

The software is used in scientific, agricultural, building, and silvicultural sectors (Land Viewer, EOS Platform, EOS Crop Monitoring). EOS took part in the Google project to reduce the unsustainable expenditure of water resources in the state of California that is well-known for its arid climate. The company’s innovative solutions helped extract an algorithm of individual water wastage standard calculation for every household.

In 2017, EOS Data Analytics became a part of the International Astronautical Federation that deals with issues of peaceful space exploration.

In addition to business projects, Max Polyakov supports youth development and helps young talents achieve their potential in science and research, engineering, and IT.

In 2014, with the support of this philanthropist, within Noosphere Association, the research facilities network Noosphere Engineering School was founded to cooperate with universities. The mobile app MyPol (My Police) was developed on the base of this school. Its official start was announced and took place in summer 2018. The app is the official communication channel with law enforcement agencies. Now, one can call the police fast via smartphone, as well as to activate it for an update on criminality in his/her locality and even to assess the performance of a policeman from his badge number.

Over the past few years, through Max Polyakov’s initiatives, the Noosphere Association arranged and held:

  • Family technological event BestRoboFest and drone competition CopterRace;
  • The rocket modeling championship;
  • Beach volleyball tournament Beach It Cup;
  • Engineering startup contest Vernadsky Challenge (sponsored by Noosphere Ventures);
  • A number of scientific and marketing conferences.
  • A regional phase of space hackathon under the aegis of NASA in Dnipro. A record number of participants in this challenge was registered around the world – 25 000 people from 200 locations.

Noosphere team does not intend to stop and it already has a whole plan laid out on new events scheduled for 2019.

Max Polyakov thinks that the popularization of science and the cooperation between scientists, explorers, and representatives of technology companies contribute to the development and promoting new techs for a global business environment. That means the future is going to be innovative and conducive to humanity.

FireFly within the Best Community

In recent years, outer space became one of the major trends in the sphere of tech innovations and researches. SpaceX Blue Origin have revolutionized the space industry and managed to become the first private companies that launched reusable vehicles Falcon New Shepard and returned them back. However, Blue Origin is designed for space tourism and its prospects are not as close as desired. As for Elon Musk’s Falcon, it is hard at work for the benefit of humanity. To date, successful satellite launches into both low-Earth and sun-synchronous orbits were made, as well as the launch of the Dragon cargo spacecraft within ISS maintenance mission.

SpaceX’s success is numerical. The market capitalization of the company was $20B for the last 4 years, and its economic interest in the world aerospace market increased by a factor of 10 and now it is a half of the total launches.

Unlike Falcon 9 with its carrying capacity of 22 tons for the entering the low-Earth orbit, FireFly launchers are more compact promising to be significantly more economical.

It should be noted that the RocketLab Company already successfully works in the niche of small satellite missions. However, its Electron has four times lower loading capacity than Alpha that makes FireFly launcher more attractive.

Besides, Max Polyakov’s company is effortful to optimize technological processes. The newly opened R&D Center in Dnipro is developing an electro-reactive engine and its own satellite. Last spring, Petro Poroshenko visited the Center and discussed the prospects of Ukrainian commercial uses of space with Max Polyakov.

The Ukrainian specialists and capacity’s participation in FireFly AeroSpace projects is not occasional. The country has enormous science potential and the technical basis in the field of rocket development. Taking into account the promise of commercial space launch, the Ukrainian side’s participation in this tech chain looks very promising.

NASA’s Vote of Confidence

At the same time, Max Polyakov and his FireFly AeroSpace continue to cooperate with the USA – the leader in a number of orbiter missions for now. In 2018, the rockets started 20 times from the American spaceports. Private companies launched almost all of them. FireFly can be among them very soon. Besides the permission to use the Air Force spaceport in California, the company got a great vote of confidence from NASA.

It included FA in the top nine of companies that can take part in the 10-years lunar exploration program. Lockheed Martin and 7 other small but perspective American aerospace startups hit a very select group as well.

The USA government plans to give $2.6B for the Lunar project. The contractual companies should deliver loads on the satellite surface and FireFly has a great chance to prove itself.

Alpha Team

After the R&D Center was opened, FA claimed the Advisory Board establishing. It will have a task of expert advice for creators and management. Jeff Bingem, Robert M. Liefoot jr., George Nield, and William Riddie became the members of the board.

Jeff Bingem worked in the NASA legislative office, was a Senior Adviser on space issues in the US Senate, and was responsible for the policy of establishing space stations to the science and Transport Committee.

Robert M. Liefoot jr. has built a successful career in NASA and ended it as a Chief Operational Director and Bureau Chief on a part-time basis.

George Nield is a Ph.D. in Aeronautics and Astronautics, a military test pilot, and the Head of flight program Space Shuttle integration. He used to work as the Head of the Commercial Traffic Department in the U.S. federal aviation administration and was instrumental in the space accessibility for private companies.

William Riddie is a veteran-astronaut, a participant of Space Shuttle program, and a President Emeritus of one of the American spaceports. He used to work as an Assistant Director for space flight in NASA.

Such experienced consultants should strengthen the FireFly Aerospace’s position as a major player in the aerospace market.

Remember that Alpha launch should take place in the second half of the current year. It will be the first FireFly’s step towards New space in the company of such “aces” as SpaceX, Orbital, RocketLab, and others.

Shoolini University puts sight on greater research emphasis with more patents – Devdiscourse

Himachal-based Shoolini University, which now figures among the top five universities in the country to file patents, has resolved to encourage research and be the number one among all institutions in the country in the field of patents. The university conducted a two-day workshop on Intellectual Property Rights (IPR) and Research and Development (R&D) to discuss the ways to achieve its target to be among the top 200 global universities of the world by 2022.

(Logo: https://mma.prnewswire.com/media/792680/Shoolini_University_Logo.jpg )

The faculty and students of Shoolini University have so far filed 270 patents and set the target to file 300 patents by the end of March. Filing patents involves preliminary investigations by authorised agencies into the exclusivity and viability of the patents filed.

Talking to the media here, Vice Chancellor Prof PK Khosla said, “The university was already on the right track as it has an ‘H’ index of 44 in terms of citation. He said the two-day workshop, which was attended by top luminaries from across the country, discussed about how to raise the standards of research in the next three years.”

The Chief Guest and Guest of Honour for the opening day was Dr. A Mukhopadhyay from Department of Science and Technology, Delhi and Mr. D C Rana, Member Secretary, HIMCOSTE. Mr Shashi Dharan, Incharge, HP Patent Information Center, HIMCOSTE conducted a talk on the topic overview of IPR with special reference to Geographical Indications. Another workshop on Prior Art Search and Patent Drafting by Mr. Somitra Kumar, Advocate and Patent Attorney, Delhi, was conducted.

Prof Khosla said, “In order to increase the number of granted patents, we should identify 10 patents for examination and for these the codal formalities need to be done on priority basis.”

He also said, “That to enhance the visibility and perception in global and national ranking, we should strengthen the commercialisation part. Earlier the Welcome Address was delivered by Dr. Reena V Saini, IPR Cell Coordinator, Shoolini University.”

The second session focused on the research, development and other parameters vis-a-vis the plan to reach global standards in the next three years. Dr. RS Paroda, Former DG of ICAR; Dr. RC Mahajan, Emeritus Prof., PGI, Chandigarh; Dr. A Mukhopadhyay, department of science and technology, Delhi; and Dr. Suman Bala Beri of Panjab University were the chairpersons of the event.

This session was based on the comparison between NIRF rankings and the international rankings and why the Times Higher Education Ranking System suits Shooloni. Also, the detailed methodologies of all the three ranking systems were discussed. The chairperson for the session was Dr. RC Mahajan and the co-chairperson was Dr. Anuradha Sourirajan.

A major highlight of this session was the three major points that need to be kept in mind for the next three years i.e., perception, research and income of industry.

The workshop resolved to focus on research publications in SCOPUS listed journals with high impact factors. It set the target of 800 publications in the next three years so as to become eligible to compete for Times Higher Education (THE) rankings and to put focus on research with foreign collaborations, among a host of other resolutions.

Later a panel discussion was carried by Pro Vice Chancellor Prof Atul Khosla followed by the action plan for Shoolini on five parameters i.e. teaching, research, citations, international outlook and industry income. Dr. Saurabh Kulshreshta, Dean Research and Development, Shoolini University, presented a vote of thanks.

About Shoolini University:

Set up in 2009, Shoolini University of Biotechnology and Management Sciences is a research-driven private university with full-recognition from the UGC. A leading university of India, it is recognised for its focus on innovation, quality placements, and world-class faculty. Nestled in the lower Himalayas, the university has received accreditation from NAAC and it is ranked by the NIRF.

WhatsApp launches second leg of ‘Share Joy, Not Rumors’ campaign – Exchange4Media

The second edition of the ISA CEO Conference that was held on Monday saw many dignitaries talk about the connectedness paradox. D Shivakumar, Group Executive President, Corporate-Strategy and Business Development, Aditya Birla, gave an insightful speech on Rethink and Rework, Competitive strategies for a new interconnected paradigm.

Speaking about being interconnected, Shivakumar explained how more than advertising, engagement would be the key in the coming days. “Every business connects to the other. No business is an island. Every event that happens has an impact on your business. You recognise that if you want to stay in an interconnected world. In the next decade, you will be more interconnected than you can imagine.”

Shivakumar explains how everything we use today – be it phones, cameras or clothes – are all interconnected. “All toys are from China, speakers from Vietnam, cameras from Japan and apparels are from Bangladesh,” he pointed out. “The best global brands are the best local brands today. Global best brands like McDonald’s adapt their menu to their relevant country. In India, they have aloo tikka.”

Coming to statistics, Shivakumar made some interesting predictions regarding the fate of digital India in the coming years. He predicted that India would be a $10 trillion economy in 2030. “About 60 per cent of that will be domestic consumption. India has always been a domestic-led market. China is about 40 per cent. India will be richer, younger and a more educated country, and also more connected.” He also shared how the income of the Indian middle class would change dramatically in 2030.

Furthermore to his analysis of what India would be in 2030, Shivakumar continued, “India will be digitally united by 2030. Digital as an emerging market is a huge unifier. It is not a divider. India will have 1 billion people on the internet via smartphones. We have skipped once and for all the laptop age, we flirted with tablet era, that’s also gone. Now, the phone screens will go bigger and will have all the functionalities of either a laptop or a tablet, we tend to use the phone a lot more. Smartphones will be a dominant tool in the future.”

Shivakumar also reveals how video will become big in the coming years. “Search engines are going vernacular. We have seen that with concepts like ‘Who wants to be a Billionaire’ or ‘Dancing With the Stars’. All these big concepts globally, when translated into vernacular, are as popular in Odisha, Tamil Nadu or Kerala as it is in the USA. Consumer voice matters a lot and if you are not serious about taking that right into your boardroom, then you will be in trouble.”

India has the cheapest data price in the world. It is at $0.26/1GB of mobile data whereas Switzerland has the highest price of $20.22/1GB for mobile data. “Everybody is talking and sharing with everybody. This is the interconnected world we live in. India has the second cheapest handsets in the world. So if you see, to enable interconnectedness, we have two of the biggest ones already,” explained Shivakumar.

Digital transparency will ensure newer business models. “For example, the subscription business model of Bombay Shaving Club. We have never thought of the subscription business model in the pass. Only a subscription business model that was successful in India in the past was magazines. But I believe more and more business will get into subscription today,” Shivakumar said. He also broadly explained how renting furniture would become a big business in future. That’s because people don’t want to own. They would rather pay money. “Why I am renting? Because I am closer to the information of seller buyer and user. I know exactly who used it and what I am willing to pay,” said Shivakumar. He also mentioned how it would be the same in the case for cars, apparels and many more. As for e-commerce, he predicted that ease of shopping would be a huge factor for interconnectedness.

Premiumization will accelerate and the growth will be 53 per cent with more attention grabbing technology at the point of purchase. Consumers will give their right arm for both education and health. Training in companies will be interconnected now. Health and food sector will grow dramatically in the next few years, he added.

The physical distribution of technology will not work anymore in this digital age. “Those who are big today, the digital guys will mercilessly murder them. They have zero cost, have all the margin and premium. If they play smart, India is waiting to premiumize and waiting for better options,” Shivakumar signed off.

Swiggy and Hotstar bowl cricket lovers over with unique collaboration – Exchange4Media

The second edition of the ISA CEO Conference that was held on Monday saw many dignitaries talk about the connectedness paradox. D Shivakumar, Group Executive President, Corporate-Strategy and Business Development, Aditya Birla, gave an insightful speech on Rethink and Rework, Competitive strategies for a new interconnected paradigm.

Speaking about being interconnected, Shivakumar explained how more than advertising, engagement would be the key in the coming days. “Every business connects to the other. No business is an island. Every event that happens has an impact on your business. You recognise that if you want to stay in an interconnected world. In the next decade, you will be more interconnected than you can imagine.”

Shivakumar explains how everything we use today – be it phones, cameras or clothes – are all interconnected. “All toys are from China, speakers from Vietnam, cameras from Japan and apparels are from Bangladesh,” he pointed out. “The best global brands are the best local brands today. Global best brands like McDonald’s adapt their menu to their relevant country. In India, they have aloo tikka.”

Coming to statistics, Shivakumar made some interesting predictions regarding the fate of digital India in the coming years. He predicted that India would be a $10 trillion economy in 2030. “About 60 per cent of that will be domestic consumption. India has always been a domestic-led market. China is about 40 per cent. India will be richer, younger and a more educated country, and also more connected.” He also shared how the income of the Indian middle class would change dramatically in 2030.

Furthermore to his analysis of what India would be in 2030, Shivakumar continued, “India will be digitally united by 2030. Digital as an emerging market is a huge unifier. It is not a divider. India will have 1 billion people on the internet via smartphones. We have skipped once and for all the laptop age, we flirted with tablet era, that’s also gone. Now, the phone screens will go bigger and will have all the functionalities of either a laptop or a tablet, we tend to use the phone a lot more. Smartphones will be a dominant tool in the future.”

Shivakumar also reveals how video will become big in the coming years. “Search engines are going vernacular. We have seen that with concepts like ‘Who wants to be a Billionaire’ or ‘Dancing With the Stars’. All these big concepts globally, when translated into vernacular, are as popular in Odisha, Tamil Nadu or Kerala as it is in the USA. Consumer voice matters a lot and if you are not serious about taking that right into your boardroom, then you will be in trouble.”

India has the cheapest data price in the world. It is at $0.26/1GB of mobile data whereas Switzerland has the highest price of $20.22/1GB for mobile data. “Everybody is talking and sharing with everybody. This is the interconnected world we live in. India has the second cheapest handsets in the world. So if you see, to enable interconnectedness, we have two of the biggest ones already,” explained Shivakumar.

Digital transparency will ensure newer business models. “For example, the subscription business model of Bombay Shaving Club. We have never thought of the subscription business model in the pass. Only a subscription business model that was successful in India in the past was magazines. But I believe more and more business will get into subscription today,” Shivakumar said. He also broadly explained how renting furniture would become a big business in future. That’s because people don’t want to own. They would rather pay money. “Why I am renting? Because I am closer to the information of seller buyer and user. I know exactly who used it and what I am willing to pay,” said Shivakumar. He also mentioned how it would be the same in the case for cars, apparels and many more. As for e-commerce, he predicted that ease of shopping would be a huge factor for interconnectedness.

Premiumization will accelerate and the growth will be 53 per cent with more attention grabbing technology at the point of purchase. Consumers will give their right arm for both education and health. Training in companies will be interconnected now. Health and food sector will grow dramatically in the next few years, he added.

The physical distribution of technology will not work anymore in this digital age. “Those who are big today, the digital guys will mercilessly murder them. They have zero cost, have all the margin and premium. If they play smart, India is waiting to premiumize and waiting for better options,” Shivakumar signed off.

Mastercard’s Kirkpatrick: Transit Is The Ticket To Everyday Spend – pymnts.com

The current best-in-class method of payment for a ride on a subway in any American city works just fine – until it doesn’t. Loading funds onto a prepaid card that opens the turnstile once scanned, swiped or inserted works terrifically well – until the customer forgets to check the balance on his transit pass, and finds himself locked out at the turnstile.

And, of course, that moment never occurs on a day when one is early. It will only happen when one is running late, and the four extra minutes spent loading money onto a transit pass is the difference between sliding in as the doors are closing and waiting 20 minutes for the next train.

It’s an annoyance that Mastercard is hoping will soon be a (not fondly remembered) relic of the past. As of last week, the card network announced it will be bringing contactless payments to transit turnstiles in more than 20 U.S. cities in the next few years.

“The transit vertical is, for us, catalyzing so many ways consumers are going to pay in the future, and front and center is contactless,” Linda Kirkpatrick, executive vice president of U.S. Merchants and Acceptance for Mastercard, told Karen Webster shortly after the news went public. “We’ve been working for a long time now with multiple cities across the U.S. and globally. What we announced is really the culmination of many years of work.”

Work, she noted, that starting next month will soon change the lives of millions of commuters nationwide, starting in New York City – and will give card issuers greater opportunity to stay at the top of consumers’ wallets.

Building New Consumer Habits

What is remarkable about the change underway, Kirkpatrick noted, is that in New York City, nine million daily consumers will have access to a “transformational change” at the terminal, without having to alter their behavior at all.

In fact, she noted, their behavior at the turnstile will much more closely resemble their familiar everyday payments experiences – they will just take out their Mastercard-branded plastic card and, quite literally, tap and go at the turnstile. No more stutter step of buying and reloading a closed-loop transit pass to hop on the train.

That’s not to suggest these closed-loop systems are going the way of the paper ticket anytime soon. Those systems still have to serve everyone, including cash-only customers. But, Kirkpatrick noted, in the 20 or so cities Mastercard is working with, over the next few years, the vast majority of consumers who carry that particular type of plastic card will have a better option.

“This is now about one product that works for your entire life,” Kirkpatrick said, noting that Mastercard has already embedded its contactless-enabling technology in 16 metro areas, including Los Angeles, Boston, New York and Denver, “which means this is no longer a change coming on the hypothetical horizon, but one coming very soon.”

Riding the Inflection Point

Contactless technology in the U.S., when stacked up against the U.K. and Europe, for example, is lagging. But, Kirkpatrick noted, everywhere one looks these days are signs of that changing.

“When we look at the statistics worldwide, we see 60 percent of our transactions happening at contactless terminals, and that is growing every day. We have commitments from issuers – who represent ⅔ of our total volume – that they are going to start issuing by the end of 2020. And then you layer on 20 cities for transit.”

Transit, she and Webster agreed, is among the more habit-forming use cases, because it so consistent. Customers ride the subway at least twice a day to and from work – and how they pay during that interaction starts to have a lot of relevance to how they pay during all other interactions. When they get off the train, they might want coffee or breakfast, or (if they happen to be having a rather old-school morning) a print edition of the newspaper.

That tap-and-go interaction for their ticket to ride starts building the habit to use a contactless card everywhere, Kirkpatrick noted. And for the issuers, it increasingly becomes a no-brainer to issue those cards, because it is always in their best interests to make their card the standout with the most useful feature.

“What better to get top-of-wallet relevance than embedding a contactless chip in your card?” Kirkpatrick mused.

Moreover, she told Webster, as she uses a contactless card in her day-to-day life, other customers often act as though she has performed a magic trick at the POS when she taps her card, asking excitedly where they can get one.

The journey to get here has been long, Kirkpatrick told Webster, because that is the nature of the beast in payments. Many things had to happen, particularly embedding safety and security around these transactions so this great new innovation doesn’t end up enriching fraudsters. What they’ve learned over the last several years in tackling this issue globally, she noted, is that fraud can be kept at low levels with the right multi-faceted solutions.

The question going forward, she said, is not whether this can be done – that, after many years of efforts, has been answered. The new question is, how are issuers and merchants going to build on those efforts to further build the habits?

“We have been anxiously awaiting the inflection point, and now it’s here,” Kirkpatrick said. “And I think that is going to be a net positive for the whole industry: issuers, merchants, consumers and networks alike.”

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Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out our March 2019 AML/KYC Tracker Report

Bitcoin Oil Supported by World-Class Bitcoin Developers, Leading… – Virtual-Strategy Magazine

“I am very pleased with the progress made to date in assembling an excellent team to execute our revolutionary plan,” said Donald Goree, Founder & CEO of Bitcoin Oil.

HOUSTON (PRWEB)

March 25, 2019

Bitcoin Oil, the group behind the eagerly awaited PoS hard fork of Bitcoin which intends to implement a broad range of long overdue Bitcoin improvements in 2019, announces the formation of its compelling Technical Team, its international Advisory Board and its experienced Executive Group several weeks ahead of its planned Initial Coin Offering (ICO) which is expected to occur in the second quarter of 2019.

In order to optimize the impact in the world of cryptocurrency and make major headway in the revolution of bringing PoS, price stability and various other innovations to Bitcoin’s blockchain technology, Bitcoin Oil will spare no effort. Supplementary to Bitcoin Oil’s firsthand experience in cryptocurrency, their vision is backed and supported by industry leaders. With the assistance of a top-notch technical developer team, numbers of leading blockchain companies and international Advisory Board, Bitcoin Oil seeks to be the leader in innovative Bitcoin blockchain technologies.

“We’re unlocking the potential of Bitcoin to make it possible for people to enjoy, profit and interact with cryptocurrency. With our top-notch technical team in place, we expect to break through long-standing technical barriers to create a new and improved Bitcoin for mass adoption,” said Founder and CEO, Donald Goree. “We’re excited to now have a group of world-class people working to bring this revolutionary technology to market.”

Each technical expert, executive and advisor has agreed to assist Bitcoin Oil in consonance with their previous expertise and respective industry knowledge. Despite holding different roles within the conglomerate, each member was approached to join Bitcoin Oil based upon their capabilities to insure the success and growth of Bitcoin Oil’s SSPSS strategy. Moreover, all of Bitcoin Oil’s team agrees with the broader crypto community that change from PoW to PoS is not only imminent but necessary. Subsequently, they believe Bitcoin Oil has positioned itself at just the right time and represents a key step for the blockchain and cryptocurrency industries.

“I am very pleased with the progress made to date in assembling an excellent team to execute our revolutionary plan,” said Donald Goree, Founder & CEO of Bitcoin Oil. “We at Bitcoin Oil plan to create a world-class, revolutionary cryptocurrency with an enhanced PoS blockchain protocol that enables ease of use, low energy consumption, and mass adoption all while maintaining the highest level of user security and privacy,“ Mr. Goree continued.

BITCOIN OIL – INTERNAL TECHNICAL TEAM:

Bitcoin Oil announces the initial internal technical team, which comprises lead development firms, executives, technical advisors, solutions architects, blockchain specialists and other industry veterans who will coordinate development efforts from some of the world’s leading blockchain development companies.

Andrew Dubinsky (Chief Technology Officer): Dynamic executive and entrepreneur with 20 years experience in leading ground-breaking technology innovations in blockchain, healthcare, electronic lending, financial services and telecommunications. Andrew has demonstrated success in repeatedly establishing start-up companies and building them to multimillion-dollar valuation through deep understanding of the complexities of entrepreneurship and optimizing use of limited resources. Acknowledged subject matter expert on many technology areas, frequently presenting at industry events and contributing to news media coverage as published author and industry authority. He has a track record of developing game- changing products and executing marketing strategy to generate multimillion-dollar revenue by securing industry-leading customers, as evidenced by creation of technology across multiple key sectors, both private and government. Andrew has a proven history of corporate leadership encompassing technical strategy, sales and business development, finance/budgeting, capital raises, board-level engagement and executive team building. Exceptional communicator with ability to cultivate enduring partnerships and motivate high-performing teams.

Margo Bogdanova (Chief Product Officer): Senior software and hardware design lead with many years experience in the ICO and post-ICO world. Aptitude in the creation and application of crypto wallets and overall user experience. Margo previously served as a senior marketing executive with 15 years of delivering quantifiable results in a data-driven environment that covered brand marketing, strategy, PR, event planning, digital marketing, and advertising. She also holds a degree in Management from San Francisco State University and an MBA from State University of Management in Moscow, Russia.

Rajesh Kumar Radhakrishna (Chief Software Architect): Technical solutions architect with over 8 years of experience. Rajesh Radhakrishnan is a seasoned digital solutions architect with expertise in Blockchain, AI, machine learning, cryptography, ICO’s and cloud computing. He has worked on both private and public Blockchain technologies for enterprises, governments and health care. In public Blockchain Rajesh helped ICOs to build their Blockchain network, audit with different crypto exchanges, play a key role in E2E architecture and design, and frame the technical white paper.

Rosheel Baig (Advisory Board): CEO and Co-founder of Blockchain Expert Solutions. Rosheel is mainly responsible for the Business Development of the organization while also playing a vital role in the management of the company. He is a skilled IT Specialist having 12 years experience heading a huge team of developers including Blockchain, Big Data, Artificial Intelligence, Whitepaper, SRS for complex Blockchain Design and financial analysis of Projects. Rosheel has held many Senior Software Engineer roles as well as having a computer science degree.

Mudaser Iqbal (Advisory Board): CIO and Co-founder of Blockchain Expert Solutions. Mudaser is an expert in writing quality whitepapers, SRS for complex blockchain design, ICO planning & execution and financial analysis of projects. Prior to launching BES in Pakistan, he has over 12 years of experience in the Information Technology industry. Mudaser previously held CEO title for BlisFix and Principal Software Engineer for NorthBay Solutions. He has designed and developed many enterprise-class Mobile, Web, Social, and Big Data solutions for some of the world’s most innovative start-ups. He has lead many mobile and web projects including cross platform mobile games and business solutions. He is proficient in the design software architectures, analysis of time estimates, defining engineering & development processes, engaging in code reviews and technical debt analysis, and publishing apps. Mudaser holds a Master’s degree in Computer Science as well as a Master of Philosophy, Computer Science.

David Lolaev (Advisory Board): Commercial Director and Co-founder of Coin Makers. David participated in the development of the ICO market at the dawn of its appearance and holds a PhD in economic sciences, diploma with honors. He is an expert on the state purchases since 2017 and has worked in various fields including the banking sector; the center of authorization and the public procurement market. In 2016, David became actively interested in the development of the crypto-currency market and became engaged in the study of blockchain technology while actively participating in the development of the ICO market in the Russian Federation. In 2017, together with partners, he established ICO Brothers, which today is the leader in consulting for the launch of ICO projects and combines a large list of services that are in demand for the market, from the stage of origin, to holding an ICO, to listing and maintaining projects.

Romanuk Artem (Advisory Board): Chief of Business Development and Co-founder of Coin Makers. Born in the city of Neryungri, Romanuk received a higher education in jurisprudence. He previously held the director of ales position at a large firm until he was engaged in sales development for the largest portal known as Utro.ru, who saw traffic of up to 6 million people per day. From 2016, he began studying the crypto industry and blockchain soon becoming a crypto enthusiast and investor. In 2017, he took the position of chef of business development in the company icobrothers.com During this time he has consulted over 50 ICO projects and is a public speaker at many cryptocurrency events.

Omar Zaki (Advisory Board): CEO and founder of Forest Park Advisors and MBYS. Omar also serves as the CEO and Chief Portfolio Manager of Armitage Capital, a hedge fund focused on investing in biotechnology companies. Prior to this, he was a software developer at several large hedge funds focused on biotechnology investing, as well as Morgan Stanley’s Institutional Equities Division. Omar is also a biologist researching the Golgi under the advisory James Rothman, attempting to elucidate the structural mechanisms behind intra-Golgi protein trafficking. He was an early investor in the crypto space and continues to remain passionate about the space. He studied Computer Science, Physics and Economics at Yale University.

Phan Trung Sinh (Advisory Board): Blockchain freelance developer with over a decade of experience. Phan works as a freelance developer to build blockchain networks, launch ICOs, build Ethereum smart contracts and construct decentralized Applications. Phan is proficient in Blockchain, Cryptocurrency, ICOs, Bitcoin, Ethereum, Cryptography, C/C , Solidity, Truffle, Javascript, Golang, Python, Node.js, and Ruby on Rails. He has built over 15 applications and worked on over a dozen blockchain projects. Phan holds a degree in computer science and software engineering from Bach Khoa University.

BITCOIN OIL – EXTERNAL DEVELOPMENT TEAM:

ArcTouch (http://www.arctouch.com): ArcTouch, started 10 years ago and based in San Francisco, California. Today, their team of over 100 dreamers, thinkers, and builders create software-based experiences for a range of connected concepts. ArcTouch is a renowned blockchain development company which has achieved indefeasible feats in the competitive market. ArcTouch provides a range of blockchain services which include easily implementing blockchain based prototypes, developing DApps on top blockchain platforms, evaluating private blockchain networks for experimentation and development and implementing and creating smart contracts. Their portfolio consists of 400 completed projects with roughly 250 million of users interacting with their platforms.

Appinventiv (http://www.appinventiv.com): Founded in 2014 in New York, Appinventiv made a mark in the competitive market within a few years of its establishment. Now located in India, their young and agile team is committed to providing a great range of blockchain services to its customers. Some of their areas of excellence include initial coin offering, smart contract, cryptocurrencies, bitcoin, Ethereum, tech audit and IoT in the blockchain. They hold expertise in cryptocurrencies, development of smart contracts and auditing the processes before they go live on an unaltered system. Their team of blockchain marketers, designers and developers know how to employ the tools to help companies work in a decentralized ecosystem. Their team of Blockchain App Developers also has the expertise to create different types of Cryptocurrency Wallets which are used for Recording, Storing and Transacting in demand transformative currency.

Deqode (http://www.deqode.com): Deqode is a highly rated team that helps solve complex problems using new-age technologies. The US and India based blockchain development organization is an industry leader in blockchain solutions and can leverage deep industry knowledge and technical expertise to optimize business processes, maximize impact and foster growth. Deqode makes it a priority to invest in research and development, pioneering the some of the most promising and disruptive technologies that will transform industries and society. Deqode’s 150 person firm holds over 50 years of collective blockchain experience and specializes in making changes on the protocol level.

Knackroot TechnoLabs (http://www.knackroot.com): Knackroot TechnoLabs is an IT consulting and solution provider of next-gen business collaborations with customers across the world. With tremendous experience and comprehensive intelligence systems across diverse industries and domains they work with businesses to turn them into most successful and high-performance organizations. Established in 2017, Knackroot TechnoLabs is headquartered at Ahmedabad, India with presence in Canada, Australia and the USA. With a team of over 150 developers Knackroot TechnoLabs continues to fuel technological innovations in multiple verticals. The company’s service offerings include Blockchain Consulting, Machine Learning Consulting, Data Science Consulting, Digital Transformation and Connected IoT Solutions across various Cloud Platforms, including AWS and Azure.

Blockchain Expert Solutions (http://www.blockchainexpertsolutions.com): Blockchain Expert Solutions is a top blockchain solution provider powered by their parent company Miranz. Blockchain Expert Solutions, focus is always on implementing the best blockchain-based solutions for a business to make workflow efficient, processes transparent and barriers to progress at a minimal. Their aim is to help reach business goals swiftly. Their team of over 60 experts, located in India, is compromised of passionate, responsible and committed engineers having a get-it-done strategy. They have on-time spirit, and more than a decade of experience in designing, implementing and adapting technically sophisticated mobile and web applications using Swift, Objective-C, Java, C#, PHP, Ruby, three-tiered architecture, N-tiered and more. Proficient in mobile app and website development, language standards, object modelling technologies and Application Life Cycle management.

Coinmakers (http://www.coinmakers.org): Coin Makers is a team of blockchain IT experts who specialize in cryptocurrencies and blockchain technology. They are headquarted in Russia and over 10 expert developers make up their effective team. They focus on blockchain-based project developments as well as creation and improvements of forks. Coin Makers is a part of ICO Brothers holding, which specializes in providing help with ICO and cryptocurrency project launches. Over 300 companies have chosen ICO Brothers to fulfill their needs since 2017. In 2018 alone, Coinmakers delivered an astonishing 14 new coins and forks and an additional 10 crypto projects.

Modsi (http://www.modsi.io): Modsi helps companies turn ideas into realities and specializes in automation and data analysis. From software architecture and development to analytics and internal growth strategies, Modsi does it all to launch, build, and maintain platforms with enterprise-grade software and a team of dedicated, experienced, and skilled experts. Modsi’s specialities include Web Development, Software Development, C# .Net, HTML/CSS, JS, PHP, SQL, NodeJS, AWS, and Cloud Services. Modsi began in the Oil and Gas industry and quickly transitioned into the crypto world in the past few years. Modsi has provided essential automation and data analysis services to many oil and gas companies to allow onsite monitoring be a thing of the past. Modsi is headquartered in Miami, Florida and houses a team of over 20 expert developers.

BITCOIN OIL – ADVISORY BOARD:

In addition to the aforementioned Bitcoin developers and blockchain technology experts, BTCO’s advisory board also includes lawyers, professors, top strategists, scientists, first class engineers, management experts, and investment bankers. Starting with senior securities lawyer Joseph Mei, Chairman of Bitcoin Oil’s Advisory Board and lead securities counsel who has advised over transactions with an aggregate transaction value of over $15 billion in the past.

Joseph Mei, Esq. (Partner of Gutnicki LLP): Mr. Mei is a partner of Gutnicki LLP’s corporate practice group. His practice focuses on mergers and acquisitions, private equity, take-private, leveraged buy-out, venture capital and U.S. securities law matters, including initial coin offerings and other blockchain projects . Mr. Mei has advised over 45 M&A transactions with an aggregate transaction value of over $15 billion, including over 30 cross-border M&A transactions with an aggregate transaction value of over $11 billion. Mr. Mei was a recommended corporate lawyer by The Legal 500 Asia Pacific in 2015. In addition to his law practice at Gutnicki, Mr. Mei is also a managing partner of Centauri Capital Partners, LLC, a mergers and acquisitions advisory firm with a particular focus on cross-border buy-out transactions between US, Europe and Asia. He is also a managing director of Infusion 51a, a U.S.-based private fund with focus in big-data healthcare sectors.

Professor Cary E. Wolfe (Professor at Rice University, Acclaimed Author): Holds a Ph.D. from Duke University and a distinguished professorship at Rice University Professor Wolfe serves as Chair of the English Department and Founding Director of 3CT: The Center for Critical and Cultural Theory at Rice University. The author and editor of ten books and numerous articles, he has been invited to lecture and deliver seminars at Oxford, Cambridge, Harvard, Yale, University of Luxembourg as well universities in numerous countries and has been an invited speaker in venues such as the Museum of Modern Art in New York and the inaugural TEDxHouston conference. He is Founding Editor of the Posthumanities book series, which has published nearly 50 volumes, and has worked extensively with the University of Chicago Press, the University of Minnesota Press, and Columbia University Press.

Diego Rojas (Engineer): Graduated with Honors from University of Florida with BS in Mechanical Engineering and was named by Faculty as “The Outstanding Mechanical Engineer Student” of his graduating class. Mr. Rojas went to work for Exxon Company USA in theirs Southeast Division headquarters in New Orleans, Louisiana. Rojas has 40 years’ experience in the oil and gas industry with most of that experience in energy operations onshore, offshore and internationally. Mr. Rojas was formerly District Engineering Manager for Exxon’s Offshore District. Mr. Rojas founded Enercap Corp, formerly DCR Petroleum. Mr. Rojas served as VP of King Ranch Capital and managed its acquisitions group. Mr. Rojas is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.

Bryant Mook (Entrepreneur, Director and Advisor): Holds equity, senior management, or advisory positions with DEP Dominican Energy and Mining Partners, Santo Domingo, Dominican Republic; MEPHCO, Mook Energy and Production Holding Company, LLC.; ABC Development Funding, Houston; Elk Petroleum Ltd, Sydney, Australia, and La Cortez Petroleum, Bogotá, Colombia. Mr. Mook is a Petroleum Engineering and Geological Advisor with more than 40 years of multi-disciplinary experience in oil and gas onshore and offshore assets (shallow and deep-water), both domestic and international. Mr. Mook currently serves as a Senior Advisor to Oil and Gas Operating Companies, financial entities, private equity funds, hedge funds, and who desire to invest in low-risk oil and gas assets as well as technologies that increase production; improve oil and gas recovery factor and reduce costs. Mr. Mook is bi-lingual and quite multi-cultural in various American/European/Latin American cultures.

Cory Weisman (Founder and CEO of Weisman Worldwide Entertainment Inc.): Mr. Weisman is Founder and Chief Executive Officer of Weisman Worldwide Entertainment Inc., located in Beverly Hills, CA. Mr. Weisman was formerly a senior agent at International Creative Artists Management (ICM). Mr. Weisman current partners/clients include Walt Disney Company, ebay, Universal Studio’s, Warner Bro’s Pictures, MTV, Nickelodeon, MGM Studio’s, FOX Studios, DreamWorks, PIXAR Animation Studios and many more.

Clayton Hayes Goree (Vice President of Business Development at Bankwell): Clayton Goree is Vice President of Business Development at Bankwell. Mr. Goree formerly served as Senior Vice President of Business Development and Wholesale Banking at Wells Fargo, where he represented the Northeast Region of NY/CT. Mr. Goree holds a degree in Business/Corporate Communications at The University of Nevada, Las Vegas.

BITCOIN OIL LLC – DIRECTORS & EXECUTIVES:

Dr. Ian Wingfield (Chairman of the Board & C.E.O): Dr. Wingfield has over 30 years of Directorship experience in many public listed companies and national organizations. Ian holds a PhD from Imperial College, having studied previously at the London School of Economics. He is presently a Director of the London Waste & Re-cycling Board and of the UCW 2001 Pension Trustee Company. His background covers both the private and public sectors primarily in the banking, mining, telecoms and postal sectors. He has also been a leading Cabinet member at Southwark Council, having held numerous executive positions in London local government and is a member of two Livery Companies in London.

R. Lloyd Ross, Jr. (Director & Chief Financial Officer): Mr. Ross holds an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 Billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 Million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with concentration in Finance and is a licensed Certified Public Accountant.

Donald C. Winfrey (Director): Mr. Winfrey is currently the Chairman and CEO of N-Compass.TV. Mr. Winfrey was former President of Azur Holding, Executive Vice President of US operations for Xentel DM and President of CD3 Storage Systems. Mr. Winfrey studied business administration at South West Texas State, and is a Veteran of the United States Marine Corps.

BITCOIN OIL INC. – DIRECTORS & EXECUTIVES:

Donald H. Goree (Chairman & CEO): Mr. Goree has over 40 years’ experience in the oil and gas industry involving exploration and production, oil and gas pipeline construction and operations, natural gas gathering, processing, and gas liquification. Mr. Goree served as Chairman and Chief Executive officer of Azur Holdings Inc., Managing Director of Reliance IB Fund LLC, and Chairman / CEO of Global Xchange Solutions AG a Swiss Investment Bank. Additionally, Mr. Goree has over 35 years’ experience in commercial and Investment Banking.

Donald W. Orr (President): Mr. Orr is a degreed geologist with over 42 years of experience in the fields of oil and gas geology and production operations. Mr. Orr has drilled over 250 wells with a success rate exceeding 70% and worked-over or rejuvenated more than 200 wells as owner and operator. Mr. Orr formerly held a position with Seven Energy, a wholly owned subsidiary of Weatherford International in 2005, where he pioneered numerous innovations in UBD (underbalanced drilling). Mr. Orr has also founded XNP Resources.

R. Lloyd Ross, Jr. (Director & CFO): Mr. Ross has an extensive background in Corporate Finance and high-level accounting. As a C level executive, Mr. Ross has worked with several public companies and has directed nearly $1.0 billion in corporate engagements involving mergers, IPO’s, acquisitions, divestitures and turn arounds. Additionally, Mr. Ross’s corporate finance experience includes management of financial departments for companies with $500 million in annual revenues and worked for the management, audit consulting division of KPMG. Mr. Ross holds an MBA with a concentration in Finance and is a licensed Certified Public Accountant.

Hannah Paddock (Chief Marketing Officer): Ms. Paddock has over 10 years’ experience in the strategic marketing and promotion industry. Over the course of her career, Ms. Paddock has worked for various companies, as well as owned her own marketing firm to independently represent clients. Ms. Paddock also currently serves as Executive Coordinator for Filling in the Blanks, a 501-c non-profit. Ms. Paddock holds both Bachelor of Arts and Bachelor of Science degrees from The University of North Carolina, Wilmington.

David M. Smith, Esq. (Legal Counsel): Mr. Smith is a licensed attorney in Texas with over 40 years’ experience in the legal field of oil and gas exploration and production, manufacturing, purchase and sale agreements, exploration agreements, land and leaseholds, right of ways, pipelines, surface use, joint operating agreements, joint interest agreements, participation agreements operations as well as transactional and litigation experience in oil and gas, real estate, bankruptcy and commercial industries. Mr. Smith spent ten years as a landman serving as Vice President of Land and, later, as President. Mr. Smith holds a degree in Finance from Texas A&M University, a Doctor of Jurisprudence from South Texas College of Law and is licensed before the Texas Supreme Court.

E. Frank Hill (Chief Field Operations Director): Mr. Hill is a second-generation oil man, who started his first company at the age of 27, drilling his first wildcat well and making a new gas well discovery in 1978. Frank Hill brings to the table a combination of management experience within the office and Operations in the field. Mr. Hill’s experience has included operations in the Texas Gulf Coast, the wetlands area, the Lower Rocky Mountains, San Juan Basin, and the Appalachian Mountains.

Michael Martin (Land Manager): Mr. Martin is an experienced oil and gas landman with 40 years of experience all phases of land acquisition, contract negotiations and preparations, pipeline right-of-ways and gathering system acquisitions, extensive background in oil and gas title examinations, and division of interest title curative specialist. Over the course of his career, Mr. Martin has worked on behalf of the General Land Office, State of Texas, Highway Department, State of Texas, Petrohawk, Union Pacific Resources, Duke Energy Services, and Sandridge Oil and Gas. Mr. Martin attended The University of California for Real Estate. He holds his certification and license with Texas Real Estate, California Real Estate, and is a Texas Easement or Right of Way Agent.

Bitcoin Oil’s executives and Advisory Board members will provide strategic guidance to the company in terms of the development of its blockchain strategy and Bitcoin hard fork, assessing the markets, identifying growth opportunities, and defining strategic and tactical plans which are expected to be implemented by its internal technical team and external development partner firms. “This is an incredibly distinguished group of industry leaders, with a wealth of both practical and strategic experience,” explained Donald Orr, President of Bitcoin Oil. “We’re fortunate to benefit from their proficiencies and direction as we move into the development and implementation phases ahead,” said Mr. Orr.

The impressive lineup of technical experts, development partner firms, executives and advisors, combined with various dedicated employees working on the platform, has turned Bitcoin Oil’s forthcoming hard fork and its planned ICO into events which cannot be ignored. Those interested in being part of the revolution can find more information about the project at http://www.BitcoinOil.com.

About Bitcoin Oil

Bitcoin Oil (BTCO) is the official name of Bitcoin’s 2019 PoS hard fork which will implement a whole range of long overdue Bitcoin improvements. The new BTCO cryptocurrency will be based on the Bitcoin blockchain network, and the centerpiece of Bitcoin Oil and its “Optimally Improved Ledger” (OIL) will be the highly innovative “SSPSS” strategy focusing on the development and implementation of essential Bitcoin improvements in the fields of Stability, Sustainability, Privacy, Smart Sidechains, and Scalability, or “SSPSS”, including but not limited to key new Bitcoin blockchain features such as (i.) minimizing Bitcoin’s volatility (i.e. by connecting it with stable off-chain values), (ii.) drastically reducing Bitcoin’s insane energy consumption (i.e. by altering the consensus protocol to PoS), (iii.) implementing true privacy features (i.e. by enabling confidential transactions), (iv.) empowering Bitcoin based ICOs and STOs (e.g. by employing full smart contract functionalities), and last but not least (v.) developing cutting-edge scalability solutions (i.e. by complete integration of layer 2 protocols and offline transactions). To learn more about Bitcoin Oil, visit our website at http://www.bitcoinoil.com and please review our future press releases as well as our forthcoming white paper, or if you are interested in purchasing Bitcoin Oil, please contact us at info@bitcoinoil.com or call us at 1-8777-BITCOINOIL.

Disclaimer

This press release shall not constitute an offer to sell or the solicitation of an offer to purchase any coin or right described herein, nor shall there be any sale of these coins or rights in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

This press release contains information about pending transactions, and there can be no assurance that any of these transactions will be completed in accordance with the terms described in this press release or at all.

This press release contains information about a possible hard fork of the Bitcoin network. Neither the Bitcoin Oil or such other crypto-asset generated through the hard fork nor the Bitcoin Oil or such other crypto-asset generated thereafter by any other method will be registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered, sold, pledged or transferred within the United States or such other jurisdiction without registration or an applicable exemption from such registration requirements. Even though Bitcoin Oil intends to deliver and distribute certain bonus to the Bitcoin Oil record holders of the Bitcoins then existing on the Bitcoin network, such delivery and distribution may be restricted or prohibited by laws of the jurisdiction in which such holders reside or such distribution or delivery may result in Bitcoin Oil being required to register under the Exchange Act of 1934, as amended, or the securities law of any other applicable jurisdiction. We are in the process of assessing regulatory requirements for the delivery and distribution of such bonus of Bitcoin Oil to the then holders of the Bitcoins as part of the hard fork and there can be no assurance whether we would be able to make any delivery or distribution, or at all, to any such holder in connection with the hard fork.

This press release contains statements that are forward looking (such as when Company describes what it “plans,” “believes,” “intends,” “seeks,” “aims,” or “anticipates” will occur, what “will,” “potentially,” or “could” happen, and other similar statements or the negative of such terms or statements), which may not be correct, even though Bitcoin Oil believes that they are reasonable at the time of this press release. Bitcoin Oil undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made.

Media Contact:

Attn: Media Relations

Ms. Hannah Paddock (CMO)

Email: media@bitcoinoil.com

Phone: 1-8777-BITCOINOIL

Information Contact:

Attn: ICO Information

Mr. Donald H. Goree (CEO)

Email: info@bitcinoil.com

Phone: 1-8777-BITCOINOIL

Online Contacts:

Death By 1,000 Clicks: Where Electronic Health Records Went Wrong – HuffPost

Damning evidence came from a whistleblower claim filed in 2011 against the company. Brendan Delaney, a British cop turned EHR expert, was hired in 2010 by New York City to work on the eCW implementation at Rikers Island, a jail complex that then had more than 100,000 inmates. But soon after he was hired, Delaney noticed scores of troubling problems with the system, which became the basis for his lawsuit. The patient medication lists weren’t reliable; prescribed drugs would not show up, while discontinued drugs would appear as current, according to the complaint. The EHR would sometimes display one patient’s medication profile accompanied by the physician’s note for a different patient, making it easy to misdiagnose or prescribe a drug to the wrong individual. Prescriptions, some 30,000 of them in 2010, lacked proper start and stop dates, introducing the opportunity for under- or overmedication. The eCW system did not reliably track lab results, concluded Delaney, who tallied 1,884 tests for which they had never gotten outcomes.

Bitcoin Daily: Facebook Posts New Blockchain Job; Mt. Gox Nears Creditor Account Settlement – pymnts.com

A new job posting has revealed that Facebook is looking to hire a lead commercial counsel for its blockchain initiatives.

“You will be responsible for drafting and negotiating a wide variety of contracts related our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally. You will also advise clients on the various legal risks, business strategies and other issues related to commercial transactions and general operations. This is a great opportunity to join a growing legal team and work at the forefront of helping to deliver new technologies around the world,” according to the posting.

The candidate should be able to “manage numerous deals,” as well as have a J.D. degree and membership in at least one U.S. state bar. In addition, there should also be “5+ years of legal experience, including 4+ years of technology transactions experience.”

Defunct bitcoin exchange Mt. Gox is getting closer to settling creditors’ accounts.

The exchange’s rehabilitation trustee, Nobuaki Kobayashi, announced that he “approved or disapproved rehabilitation claims regarding MTGOX Bitcoin exchange users’ rights to make claims against MTGOX for return of cryptocurrency and/or cash.”

Within the next few days, the trustee said he will reveal the results of his decisions on the claims and creditors will be notified. Creditors who didn’t file claims will still have them acknowledged by the trustee in accordance with the Civil Rehabilitation Act of Japan.

In other news, Australia has announced the development of a national blockchain road map, as well as $100,000 of funding from the government.

The road map will focus on policy areas including regulation, skills and capacity building, innovation, investment, and international competitiveness and collaboration.

“The national strategy puts us on the front foot in exploring how government and industry can enhance the long-term development of blockchain and its uses,” Minister for Industry, Science and Technology Karen Andrews said in a press release.

“In addition, $100,000 funding will come through my department for Australian companies to join Austrade’s Mission to Consensus in New York in May, a landmark event for the blockchain industry, demonstrating the Morrison Government’s commitment to boosting this sector,” she added.

And Bitmain, the largest manufacturer of crypto mining equipment, is sending about 200,000 units of its own mining equipment into China to take advantage of the low electricity costs in the country this summer.

According to CoinDesk, Bitmain will mostly use its new products such as the AntMiner S11 and S15, along with some older models like the AntMiner S9i/j. It’s unknown which cryptos the company will mine using the machines, which are estimated to cost around $80 million.

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Latest Insights:

Our data and analytics team has developed a number of creative methodologies and frameworks that measure and benchmark the innovation that’s reshaping the payments and commerce ecosystem. Check out our February 2019 B2B API Tracker Report

Blockchain in Biometrics Could be Used in Travel Security, US Customs Rep Says – Cointelegraph

Using blockchain for biometric tracking would be the technology’s killer app in the travel security sector, according to a representative from the United States Customs and Border Protection (CBP) agency. The news was reported by travel industry media outlet Skift on March 21.

Sikina Hasham, program manager at the CBP, made her remarks during a panel at the JetBlue Technology Ventures Blockchain in Travel Summit in New York City on Wednesday.

In response to a question from panel moderator David Post — managing director of IBM Blockchain Ventures — Hasham said that an area of significant promise for the government’s use of blockchain lies in its conjunction with biometrics:

“One area we’ve seen a significant amount of success in is facial comparison and biometric data. There is a service we’ve created to verify who an individual boarding an aircraft who is as they’re seeking admission into the United States. If we could have more data for the verification from another government party, that would be really great for us.”

Nonetheless, Hasham noted, a significant hurdle still needs to be overcome for the technology to gain traction and provide maximum use value: the development of standardized specifications for communication between multiple organizations’ blockchain systems.

If governments are to implement blockchain, rather than legacy databases, to share data within key security areas such as border control, robust standards for the industry would thus be a crucial enabling factor, Hasham implied. She also noted a further challenge the government is reportedly tackling, stating that:

“Our primary goal is security, but also facilitating trade and travel. Blockchain is relatively new for us […] in the travel space, we are still working on figuring out how industry stakeholders in the technology space will help us. […] Privacy and decentralized information are some of the challenges we as a government organization have a legal obligation to protect.”

As reported, the U.S. Department of Homeland Security (DHS) recently appealed to startups who develop blockchain solutions that can help prevent forgery of digital documents, in order to serve the mission needs of various programs under its aegis, among them CBP.

The CBP has already been trialing a blockchain shipment tracking system to gauge how much the technology is able to enhance the verification process for certificates of origin from various free trade agreement partners.

The coupling of blockchain with biometrics is meanwhile being developed across diverse applications, including municipal elections, secure ATMs, and Internet of Things biometric devices in the healthcare sector.

How To Innovate Education In Africa- A Q&A With Vikas Pota, Chairman Of Varkey Foundation – Forbes


Vikas Pota, Chief Executive, Varkey Foundation, United Kingdom at the World Economic Forum on Africa 2015 in Cape Town. Copyright by World Economic Forum / Benedikt von Loebell

Varkey Foundation/ World Economic Forum / Benedikt von Loebell

Vikas Pota is the Chairman of the Varkey Foundation, a family foundation founded by Indian billionaire education entrepreneur Sunny Varkey that seeks to improve global teacher capacity and promote universal access to quality education. He launched the annual Global Education & Skills Forum (GESF), which has been widely described as the ‘Davos of Education’, and has run education projects in Uganda and Ghana.

Pota is also the Group CEO of Tmrw Digital, a holding company for various ed-tech related investments and companies owned by education entrepreneur Sunny Varkey. I recently had a conversation with him on the sidelines of the 2019 Global Education & Skills Forum where he talked about the challenges of education in Africa and proposed 5 ideas to innovate education on the continent.

Every year, the Varkey Foundation hosts the Global Education & Skills Forum which brings together world leaders from the public, private and social sectors and seeks solutions to achieve education, equity and employment for all. Eversince you hosted the first GESF in (2016?), what significant improvements have you seen in the global education space, particularly in regards to countries improving the quality, efficiency and access to basic education, and what is the forum looking to accomplish this year?

It is an unmitigated tragedy that in 2019 nearly 263 million young people are out of school worldwide. Of the 650 million primary school-age children that are in education, 250 million are not learning the basics.

Despite those big numbers not changing or actually getting worse, there are some notable developments taking place. UNESCO’s recent Global Education Monitoring report 2019, Migration, displacement and education: Building Bridges, Not Wallscited examples of where EdTech is starting to make a difference: a UNESCO teacher education project in Nigeria in association with Nokia; UNHCR and Vodafone’s Instant Network Schools programme reaching more than 40,000 students and 600 teachers in the Democratic Republic of the Congo, Kenya, South Sudan and the United Republic of Tanzania; NGO Libraries Without Borders and UNHCR’s Ideas Box package which has been shown to have a positive impact in two Burundi camps hosting Congolese refugees.

A global problem needs global solutions, real co-operation between countries and their governments, and to go deeper with more organizations at the granular level. So GESF 2019 will once again feature leading personalities from the public, private and social arenas, including over five former Presidents and Prime Ministers and 40 Education Ministers. This year, they will be joined by a new generation of change-makers, including grassroots activists, philanthropists, tech developers and many more, that are shaping the world with new voices, new ideas and new technologies. By sharing their stories we can have a much smarter debate about how to solve these challenges on a global scale.

We in the education community must learn from these people. For example, we will hear from Kennedy Odede, the social entrepreneur who founded Shining Hope for Communities to fight urban poverty and gender inequality in Nairobi’s slums. And we are honoured to have with us Bana Alabed, the nine-year-old Syrian girl who has documented the siege of Aleppo – with its airstrikes, hunger, danger, and displacement – for the whole world to see.

GESF 2019 will also, once again, host the Next Billion Prize, which recognizes leading EdTech startups making an impact on education in low income and emerging economies. This year we’re also proud to be holding our first Philanthropy Summit, which will see over 50 grant making foundations from around the world meeting to share ideas on how to give every child access to a quality education.

Why is Africa in focus this year at the GESF?

The global education crisis is most keenly felt in Africa. That is why there is a particularly prominent focus on it this year at GESF. We are likely to miss the SDGs on education, but there are some exciting EdTech solutions coming on stream now which can play a role in changing the situation.When you look at UN Sustainable Development Goal 4– to provide a better standard of education for everyone – if we are to have any chance of getting near that we need to recruit 69 million more teachers by 2030.

To discuss these challenges we are delighted to welcome at GESF 2019 honoured guests including Education Ministers and government representatives such as Matthew Opoku Prempeh from Ghana and Armina Mohamed from Kenya. They will meet EdTech and online learning community leaders to debate how EdTech can enable access to education and promote social and learning impact. One of our debate sessions asks if Africa can leapfrog to lead the EdTech revolution owing to the level of innovation that Sub-Saharan Africa is currently witnessing. In another panel Saaid Amzazi, Minister of Education for Morocco, will be discussing improving education across the Middle East and North Africa with his counterpart from Palestine. One of our main change makers giving his vision for the future will be Sierra Leone’s President Julius Maada Bio. Rosemary Seninde, Minister of Education in Uganda, will join her counterparts in debating new changes in education across Sub-Saharan Africa.

There will be a session on how to get girls into STEM subjects where they are currently under-represented, Amy Ogan of Carnegie Mellon University, will be exploring how AI can go beyond barriers to help a generation of young learners in Africa gain literacy, Javier Arroyo the EdTech entrepreneur and founder of the Smartick adaptive afterschool maths programme using AI to study a child’s learning style and adapt to their needs will be giving his views on how EdTech can change the world. We will also be debating how the EdTech ecosystem succeeds in China with three hugely successful Chinese Edtech ‘unicorns’ and entrepreneurs – Dun Xiao of 17zuoye; Zhuang Chen of New Oriental and Bill Ning of Blue Elephant – sharing their stories. Professor Candice Odgers of the University of California Irvine will be leading a discussion on the effect of smartphones and other mobile technology on children, Professor Paige Harden of the University of Texas will be talking about how our genes can determine educational success and globally famous Pulitzer Prize nominee Steven Pinker will be talking about how demystifying the science behind human language can help.

This tremendous focus on technology is part of our belief that it is truly something that could breach the educational divide and solve so many of those big problems and challenges, if it is able to realize its full potential.

We also have to take into account the need to find jobs for the more than one billion young people who will join the global workforce over the next decade, at the same time as automation is on the rise and threatening to simply ‘delete’ many of the physical and routine tasks. To accommodate this and ensure the young are properly taught and also trained for the future, we need an education revolution. As the impact of automation will hit developing economies within the next twenty years, we are short of time. Surviving the rise of the robots will really need the public, private and voluntary sectors in education to work together much more closely — which in some cases is politically uncomfortable for governments. It will certainly need policy makers in the developing world to prioritise education over many other pressing demands on their treasuries.

Whilethere is no doubt that we’re going to need the technology to meet the sheer scale of the challenge of providing every child with access to a quality education, I’m also a pragmatist. So I know we need a much better understanding of how technology can improve educational outcomes. I got my first real wake up call to this back in 2015 when the OECD published their report “Students, Computers and Learning: Making The Connection” which said that even countries which had invested heavily in information and communication technologies (ICT) for education had seen no noticeable improvement in their performances in PISA results for reading, mathematics or science. So we need to be realistic about what technology can and cannot do. For instance, technology will never replace teachers in my view, because their empathy, ability to encourage and care as well as their ability to deliver instantaneous personalized learning cannot be surpassed by machines.

Delivery of quality education in Africa has been a challenge for successive governments on the continent, and many argue that the current education system in Africa uses outdated methods and is not preparing children for the future. Why is this case, and off the top of your head, what are a 5 ideas you have for innovating education in Africa?

All things are teacher related – if we pay them well, resource them well and treat them well then we will get good and outstanding education results in our schools and colleges. It’s a very mixed picture in Africa, but the importance of the teacher pay, respect and results equation is borne out there. The Varkey Foundation’s detailed and worldwide research published in the Global Teacher Status Index 2018showed that in Ghana teacher status ranked the fourth lowest of any country surveyed – 32nd out of 35 – while Ghanaians had among the least respect for teachers of any of those countries and teacher status in Uganda was the eighth lowest of the 35 countries.

Parental engagement is critical – especially when it comes to making sure girls are sent to school, but, according to UNICEF, globally 264 million children and adolescents do not have the opportunity to enter or complete school and 27 million children are out of school in conflict zones. So it’s no exaggeration to say we have a global education crisis, and of course this is most keenly felt in Africa and other countries in the developing world.

Artificial Intelligence (AI) offers as many promising and transformative solutions for education as it does for other aspects of society, now and in the immediate future. According to people like consultants McKinsey and Princeton’s head of computer science Jennifer Rexford, it will revolutionize what teachers teach and how they teach it. I believe it will be vital to teach students about not just computer coding but also how to design AI algorithms for a wide variety of functions and purposes. This will equip them with some of the key skills they will need and benefit from during their adult lives.

We have to start holding governments accountable for the election manifesto promises they make. This means when they promise big investments or ring-fenced spending on education, we ensure they live up to that. It is all too easy for politicians to change their minds and make short-term decisions reacting to unforeseen circumstances or for the sake of political expediency, whereas education investment by necessity needs to be deep and long-term and we all have a duty to do our utmost to speak out and protect it when we see it under any kind of threat. We simply need better system leadership across the board in every country – leaders who have a granular understanding of the important role education plays in society and how vital it is for the economy, the environment and everyone’s future – combined with the courage to spend big on it, ensuring that investment is embedded in a correct and sustainable way. According to UNESCO, of all regions, sub-Saharan Africa has the highest rates of education exclusion. Over one-fifth of children between the ages of about 6 and 11 are out of school, followed by one-third of youth between the ages of about 12 and 14. UNESCO’s Institute for Statistics data shows almost 60% of youth between the ages of about 15 and 17 are not in school. Clearly we need to turn this around and the main responsibility starts at the top.

Ultimately though we need more and better collaboration to really solve this. Ensuring every child is given a good education is everyone’s responsibility. To do this we must bring together the best from all sectors of society, including NGOs, the private sector, business, science, media and entertainment, every sector in fact, to effectively strengthen public education systems. Actually we find everyone wants to help and it’s really just a matter of putting ideology to one side and placing the best interests of the student at the centre of all we do. It is important we gain the perspective of business in this debate, after all, they have an enormous stake in ensuring new entrants to the workforce are going to be increasingly better educated and trained with all the 21stcentury skills needed to ensure progress and forward momentum. We engage those who are innovating by mentoring teachers, serving on governing bodies, and helping build careers advice capabilities.

What role can technology play in education, especially in Africa and developing countries in general?

We are very conscious that technology can play one of the most vital roles in education, particularly in Africa, where it can make all the difference. The Varkey Foundation launched Train for TomorrowAfrica’s first live two-way interactive distance learning teacher-training programme. The project was the first dedicated teacher training programme in Africa to make use of satellite enabled schools, solar powered computer hardware and an interactive live feed inside the classroom, enabling high quality two-way interactive training to be delivered at regular intervals on a large scale.

So while in Ghana for instance, there are no computers, TVs or smartphones in many rural schools and a history of classroom practice based on no formally training, We’re trying to leapfrog what they should have received when they first became teachers by providing the latest and most cutting-edge classroom pedagogy that is available.

Also you can overcome teacher shortages by providing online courses. UNESCO’s Digital services for education in Africa report shows that ICT in education in general, and mobile learning in particular, offers various benefits including access to low-cost teaching resources, added value compared to traditional teaching and a complementary solution for teacher training.

Large class sizes often result in fairly impersonal delivery by teachers – they struggle when the numbers are against them. In Ethiopia, for instance, class sizes there reached 64 at one point. But with tech teaching tools you actually have the potential to teach every child at their own pace and deliver truly personalized learning.

Using tools like Skype, teachers are increasingly able to have global discussions between their students and those in other countries to get a real insight into how their counterparts in other countries live. This is a great way to promote global citizenship and competitiveness.

One of our Varkey Foundation Global Teacher Prize finalists Michael Soskil over in Pennsylvania in the US, has used multimedia technology to facilitate emotional connections among his students through distance learning service projects. They have taken part in a maths-Swahili video skills exchange with children in Kenya and raised $12,000 for water filters for children at school in Kibera slum, Nairobi. Michael is co-author of the Mystery Skype notebook, a game that links up classrooms around the world. Students are encouraged to ask each other questions to work out their locations and learn about somewhere new.

So there are many ways that technology is a real force for good in sustaining and improving education in Africa and other parts of the world too.

GESF brings big Hollywood stars and world leaders to the event, who can we expect this year? How does the presence of celebrities aid the cause of raising profile and issues around education?

Once again, as well as some of the biggest names in politics and policy, we have some stars of stage and screen as well as the world of sports and entertainment, to bring a real touch of glamour and occasion to GESF, The Global Teacher Prize and our very first Global Teacher Prize Concert. It’s a sad fact of life that the education challenges and needs are not at the top of the global news agenda. But when you bring ‘star power’ to bear and many celebrities from various walks of life come to GESF and share their experiences and hopes for the teaching profession, that sprinkling of magic and stardust inevitably creates really helpful headlines around the world. It helps carry the debate forwards and give it real prominence.

If we are to really solve the education challenges facing the planet it does need everyone to get involved, and this also means celebrities, stars and big names stepping up to do their bit. When we ask them, they are always keen. It just goes to show there is a real appetite right across society to do much more in the cause of education.

We also believe that teachers are real stars in our society because of the impact they have on young lives and the good that they do. Therefore it is right that they are celebrated in a lavish Oscars style ceremony for all the world to see and enjoy. Teachers matter and with so many prominent people coming together in one place to celebrate them, it’s a most powerful demonstration of this. So we have some fantastic big names and personalities taking part again this year – most of which are kept under wraps until the weekend itself. We just don’t want to spoil the surprise.

Contact me via email at mfon.nsehe @ gmail.com or on Twitter @MfonobongNsehe