Northern Data Partners with SBI Crypto for Blockchain Cooperation

Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term infrastructure company Northern Data has entered into a strategic partnership with SBI Crypto, a subsidiary of Japanese conglomerate SBI Holdings.

Announced on Thursday, SBI Crypto will be hosted on Whinstone’s new data center in Texas being delivered from March 2020. Northern Data was established by merging two companies - Northern Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and American Whinstone US.

The companies will also collaborate into other areas, including projects relating to blockchain technology infrastructure and joint software development and deployment, per the terms of the agreement.

Commenting on the partnership, Aroosh Thillainathan, CEO of Northern Data AG, said: “We are very pleased to have SBI as a great partner and one of the leading international financial and technology holding companies by our side. With its activities to date, SBI Holdings has impressively demonstrated its leadership in the emerging crypto and blockchain industry. This partnership gives us the potential to grow even faster by joining forces.”

Mainstream financial companies into crypto

SBI crypto is a wholly-owned subsidiary of the financial giant ABI Group and primarily focuses on the digital asset mining business.

The Japanese conglomerate is one of the leading mainstream companies fully diving into cryptocurrencies. It partnered with an array of major players in the decade-old industry, including Ripple and R3. It also tied with Ripple to form an entity called SBI Ripple Asia to promote blockchain-based cross-border transfers in the region.

Last November, the venture arm of SBI also made an undisclosed investment in Securitize.

“We have been planning with Whinstone and Northern Data for the Texas mining farm since early 2019,” Carson Smith, CEO of SBI Crypto, said. “I am excited to see the results and to see a continuing strengthening of our relationship that will benefit the ecosystems we are creating.”