NVIDIA Q3 2018 Earnings Report Solidifies Drying Crypto Mining Business
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NVIDIA Q3 2018 Earnings Report Solidifies Drying Crypto Mining Business
American technology company NVIDIA released its Q3 2018 earnings report on November 15, 2018, which states that the company’s graphics processing units (GPU) sales among cryptocurrency miners has plummeted a great deal since Q4 2017 cryptocurrency boom. Demand for Crypto Mining GPU Withers According to the report, NVIDIA earned $3.18 billion in revenue for Q3 ended October 28, 2018. This…. The post by Aisshwarya Tiwari appeared first on , bitcoin, Blockchain & Cryptocurrency News
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Anyone who has ever started a company knows just how tedious that process that can be. Whether it’s establishing a shareholder’s agreement, defining the company’s constitutional structure, raising funds, or transferring shares, corporate governance procedures remain largely paper-based, requiring validation from multiple stakeholders, and their lawyers. Blockchain technologies, and specifically smart contracts, provide the rails upon which these processes can be digitized and streamlined, reducing operational costs, eliminating errors and automating menial tasks.
Manu Thanabalan, CTO of Otonomos, joins us to discuss how his company is leveraging smart contracts to accelerate incorporation and automate corporate governance. Otonomos provides the tools and services which allow for anyone to start a company in any of the jurisdictions they support. Using their platform, founders are able to define board members and issue shares, while captables are kept up-to-date in real-time. Day-to-day governance mechanisms and standard procedures such as voting and share transfers are automated through a smart contact, which complies with local jurisdictional regulation.
Topics discussed in this episode:
Mano’s background as a quantitative trader and how he transitioned into blockchain
The fundamental problem Otonomos is addressing
How we may be able to unlock a tremendous amount of value by liberating shares currently locked in private companies
Leveraging smart contracts to automate standardized corporate legal procedures
The types of constitutional rules which can be digitized and automated with smart contracts
The ability to simplify accounting and auditing with Otonomos
The Otonomos technology stack
The current state of Otonomos and their product roadmap
Links mentioned in this episode:
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