ODX Partners with Hypernet to Enable Decentralized Computing in Emerging Markets
SINGAPORE--(BUSINESS WIRE)--Nov 15, 2018--Today Hypernet and ODX announce a partnership to allow ODX wallet holders to access free internet services in one additional way: by lending out their idle compute resources for useful work on the Hypernet. “Two mission-driven companies collaborate to democratize and lower the barriers to access the internet and compute, assets essential to providing equal opportunities to all” said Hypernet’s CEO Ivan Ravlich in a statement this week.
Hypernet’s decentralized compute approach is premised on one basic thing: internet access. And that’s a challenge in emerging markets, where most people are actually offline most of the time. Mobile data is expensive in these markets, costing as much as 6x what the average user can afford. The result: consumers are offline over 80% of the time.
ODX (Open Data Exchange) is a blockchain-based platform that enables free internet in emerging markets. ODX users will be able to use Hypernet to lend out their phone’s computing, and earn to power their internet.
“We are solving the most fundamental problem there is in tech: internet access. No protocol, no DApp can work without it,” says Nix Nolledo, ODX Founder and CEO.
Founded by Stanford alumni, Hypernet is a new programming architecture for decentralized, massively scalable computation on a dynamic network of heterogeneous devices subject to peer dropout. In comparison with past and present attempts at distributed computing, Hypernet supports a much broader class of algorithms, is massively scalable without communication efficiency losses, and is resilient to network node dropout. To make this new programming architecture available to researchers, developers, and even armchair programmers, Hypernet is working on a trustless marketplace to match buyers of idle compute power with sellers. Hypernet supports both public and private networks for compute.
About ODX Pte. Ltd.:
ODX Pte Ltd is a blockchain powered data marketplace backed by an impressive cast of crypto heavyweights: Andromeda, BlockTower, Pantera, Kenetic, Hexa, Strong Ventures, Wavemaker Genesis, and DNA. ODX’s parent company is Xurpas, the largest publicly listed consumer tech company in the Philippines. With over 17 years experience and over 800 employees across Southeast Asia, Xurpas has already built a vast network of publishers and Telcos.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181115005343/en/
CONTACT: ODX Pte. Ltd.
KEYWORD: ASIA PACIFIC SINGAPORE
INDUSTRY KEYWORD: TECHNOLOGY INTERNET NETWORKS SECURITY PROFESSIONAL SERVICES FINANCE
SOURCE: ODX Pte Ltd
Copyright Business Wire 2018.
PUB: 11/15/2018 09:00 AM/DISC: 11/15/2018 09:01 AM