SCOTTSDALE, Ariz., June 15, 2018 /PRNewswire/ — Nexus, an innovative, open-source distributed ledger and digital currency (NXS), announced today its partnership with Foleum, an inventive blockchain mining project designed to generate the majority of its own power using green hybrid technologies. The organizations share a mutual goal of reducing the environmental footprint of mining. Foleum will measure Nexus’ energy consumption to help minimize their environmental impact as the technology evolves. Nexus is the first Blockchain partnership for Foleum since it launched in May 2017. Foleum has been mining NXS since 2015 which creates a relevant use case for its green technology.
Bitcoin mining demands a high amount of electricity to fuel its technology and Foleum allows this process to be performed with wind and solar hybrid green energy. Currently, bitcoin mining requires more energy to process than the entire amount of energy needed to power countries including Switzerland, Ireland, and more than 150 others, according to Digiconomist’s Bitcoin Energy Consumption Index. This is an important issue for the future of cryptocurrency, and Nexus aims to reduce mining energy consumption through green energy practices as it grows its innovative distributed ledger architecture and creates a mesh satellite internet network.
“I’m really excited to see alternative energy sources power Nexus,” said Colin Cantrell, Nexus Founder & chief architect, “It is aligned with the foundation of this project in finding viable means that create sustainable futures through alternative energy, economics and technology.”
“Nexus is committed to positively impacting the world through its technology. In addition to our economic and humanitarian efforts, this partnership reinforces our commitment to the environment,” said Ajay Ahuja, chief executive of Nexus. “We hope that this collaboration can serve as an example of responsible citizenship in the area of blockchain mining.”
“Nexus’ concern for the environment, and its desire to minimize its carbon footprint, makes it an ideal partner for Foleum, which will generate the majority of its own power with renewable resources. Together, these important steps will help to create a sustainable blockchain future,” said Rahdi Fakhoury, Foleum Founder & CEO.
Nexus is actively seeking partnerships for multiple use cases for the Nexus blockchain technology across many industries. In addition to its collaboration with Vector Space Systems and LISP, Nexus will announce more partnerships throughout the year to further its vision of connecting people and technology to create a better world.
Nexus is an innovative open-source blockchain technology and digital currency designed to improve the world through advanced peer-to-peer networks. Nexus focuses on solving the current challenges of speed and scalability in the blockchain industry and provides world-class quantum resistance through its many innovations. Enabled by its partnership with Vector Space Systems, the future of Nexus will also combine blockchain technology with ground-based MESH networks and satellites to facilitate the formation of a decentralized and distributed internet. Nexus will enable people to take control of their personal and financial freedom, empowering humanity in the process. For more information and to see how you can help build the future, visit www.NexusEarth.com.
About The Nexus Embassy
The Nexus Embassy is a non-profit organization created to be a steward for technological development and education of the public. As a non-profit organization, there are no owners, and it is governed by its board of directors and operated by its management team. It is funded by the network through the mining process of the Nexus blockchain. Everything released by The Nexus Embassy is open-source and given to the general public.
SCOTTSDALE, Ariz., May 14, 2018 /PRNewswire/ — The Nexus Embassy is excited to announce the appointment of its first advisory committee member, Steve Beauregard who currently serves as Chief Revenue Officer for Bloq.
Steve Beauregard is a serial entrepreneur, disrupter and investor with a keen eye for emerging technologies and the business instincts to position companies in the sweet spot of each new tech wave. Steve’s organization, Bloq, helps deliver enterprise grade blockchain technology to leading companies worldwide.
During his four year tenure with GoCoin as Founder and CEO, Steve brought the company from concept to profitability in under two years. GoCoin processed over $100M in cryptocurrency payments on four different Blockchains and emerged as the highest transaction volume processor in the world. Steve gained unparalleled insights into cryptocurrency spending behaviors, secure wallet management, global banking, coin trading and arbitrage, merchant acquisition and the worldwide cryptocurrency regulatory landscape.
Steve’s 25 years of developing pioneering technologies include internet, messaging, mobile, eCommerce and Fintech solutions for consumer, enterprise and government applications. With this vast experience, Steve has been honored with keynote speeches worldwide and is a frequently asked to speak at prominent universities including: USC Marshall School of Business, UCLA Anderson School of Management, Pepperdine, Chapman, Harvard, and the University of Oxford, Säid School of Business in the United Kingdom.
Steve believes Nexus can address the limitations of other blockchain technologies via the Three Dimensional Chain architecture and its superior functionality in the areas of speed, scalability and security.
“Scaling and governance have remained major hurdles for Bitcoin and Ethereum,” said Steve Beauregard, “Colin Cantrell has quietly studied all blockchain innovation and evolutions to propel his vision of a truly decentralized technology that has the potential to scale to meet the needs of mass adoption while promoting global connection and true public consensus.”
As the Nexus Embassy aspires to increase the utilization of its blockchain, it seeks to further attract and leverage expertise from leaders like Steve who have a successful track record of connecting and building across the technology industry. As an advisory committee member, Steve will take an active role in helping guide the overall organizational strategy with the goal of maximizing the potential of Nexus’ revolutionary technology.
The Nexus Embassy is currently in the process of expanding our advisory committee with respected thought leaders from a variety of industries interested in implementing blockchain solutions to address unmet needs. Nexus intends to leverage its advisory committee to prioritize enterprise use cases and guide the implementation strategy ensuring widespread adoption of the Nexus technology.
Nexus is an innovative open-source blockchain technology, designed to improve the world through advanced peer-to-peer networks, and digital currency. Nexus focuses on solving the current challenges of speed and scalability in the blockchain industry, and Nexus also provides world-class quantum security through its many innovations. Enabled by its partnership with Vector Space Systems, the future of Nexus will also combine blockchain technology with ground-based MESH networks and satellites to facilitate the formation of a decentralized internet. Nexus shall enable people to take control of their personal and financial freedom empowering humanity in the process. For more information and to see how you can help build the future, visit www.NexusEarth.com.
A cardiologist-turned-biopharmaceutical executive has been hired as the new CEO for the Nexus Embassy, a Scottsdale-based blockchain nonprofit.
Dr. Ajay Ahuja was hired in March to lead the Nexus company, and he has big plans for the growing business that develops and maintains the Nexus blockchain/cryptocurrency software.
The Nexus Embassy, incorporated in Colorado and founded in August, is the steward of Nexus, the open-source blockchain technology and digital currency. The Nexus NXS cryptocurrency launched in September 2014 by Founder and Chief Architect, Colin Cantrell.
“The Nexus technology is poised to really be the next generation blockchain with improvements in terms of speed, scalability and security,” Ahuja said. “We’re growing, hiring coders and developers weekly to execute Colin’s architecture. We’re also working on use cases beyond cryptocurrency in order to have real-world applications.”
Ahuja plans to help move Nexus’ decentralized peer-to-peer-based system to other industries, including real estate, music and health care. Everything released by the Nexus Embassy is open source and given to the general public.
“We have a longer term goal of taking this peer-to-peer networking connectivity to ground-based mesh network and expanding that to interconnected ground and satellite-based mesh network utilizing the Nexus blockchain protocol,” he said.
A mesh network is a network where different computers talk to each other directly rather than a central hub. Blockchain technology is a decentralized digital ledger in which transactions made with cryptocurrency are recorded chronologically and publicly.
The global market for blockchain was $708 million in 2017 and is anticipated to reach $60.7 billion in 2024, according to the new study “Blockchain: Market Shares, Strategy, and Forecasts, Worldwide, 2018 to 2024.”
IBM Corp. (NYSE: IBM), Microsoft Corp. (Nasdaq: MSFT) and Accenture (NYSE: ACN) are the three biggest companies driving blockchain as their clients are making the transition to cloud services.
The 32-employee Nexus company continues to hire coders/developers weekly. Ahuja wouldn’t give salary information but did say the company offers market rate depending on experience.
“We’re finding coders organically and through search terms,” said Ahuja, adding that the positions are not posted on the website. “If anyone is interested they can reach out to the company.”
The new CEO, and two other new members to the executive team, are part of the company’s plan to add experienced business leadership to its management team.
“The blockchain technology is going to transform the world in much the same way the internet did 20 years ago,” Ahuja said. “This will fundamentally change the way organizations interact.”
In December, Nexus announced it was partnering with Tucson-based Vector to bring its cryptocurrency into space.
Ahuja and the team are working to execute Cantrell’s vision for building out the blockchain and the “greater things this technology can do,” Ahuja said.
Before relocating to Scottsdale in March, Ahuja served as global head of medical affairs for Allergan Inc. in Jersey City, New Jersey.
He also held executive roles at Pfizer Inc. (NYSE: PFE) in Chicago and New York City, Takeda Pharmaceuticals International Inc. in Chicago and Novartis International AG in Boston.
He graduated from Harvard Business School in 2003. He was the attending physician at Children’s Hospital Boston and stopped seeing patients in 2012.
Ahuja said he was motivated to move to the Valley and work with Cantrell because of his “visionary and motivating” tech innovations.
“Our goal to bring this to the world in an open-source format is truly visionary and I am delighted to be a part of this,” Ahuja said.
New marketing director Scott Bischoff, formerly with Teva Pharmaceuticals USA Inc., was hired in April.
“My favorite part of Ajay and Scott joining the team is that they are coming from corporate careers to now pursue the vision of our nonprofit to empower people,” Cantrell said in a statement.
SCOTTSDALE, Ariz., April 30, 2018 /PRNewswire/ — The Nexus Embassy, the steward of Nexus, an innovative open-source blockchain technology and digital currency, is pleased to announce the appointment of two key members to its leadership team, Dr. Ajay Ahuja as Chief Executive and Scott Bischoff as VP of Marketing.
As the organization fostering the development of Nexus, an open-source blockchain technology that focuses on solving the current challenges of speed and scalability while also providing world-class quantum resistance, The Nexus Embassy is now evolving its leadership team to match the caliber of this advanced technology. Nexus’ peer-to-peer platform will enable people to take control of their personal and financial freedoms and empower humanity through decentralization.
Colin Cantrell, inventor of the Nexus protocol and the founder and chief architect of The Nexus Embassy expressed, “My favorite part of Ajay and Scott joining the team is that they are coming from corporate careers to now pursue the vision of our nonprofit to empower people.”
The Nexus protocol utilizes and expands upon current blockchain technologies for decentralized peer-to-peer networking, focusing on solutions to many of the current limitations of the Bitcoin and Ethereum blockchains. Inherent in this technology is the use of the Nexus digital currency (NXS), which has been generated organically since the launch of Nexus in 2014 without any Initial Coin Offering. Given the nascence of the blockchain industry, it has been beneficial to seek leaders who have significant management experience engaging with both regulatory oversight as well as technological complexity.
Dr. Ajay Ahuja has joined the team as Chief Executive, with the goal of providing strategic direction and business acumen to drive the rapid expansion of Nexus’ transformational technology. Dr. Ahuja most recently served as Global Head of the Medical Affairs department, in research and development at Allergan plc, a global pharmaceutical company. He has also held leadership positions of increasing responsibility across marketing, commercial operations and business development functions at innovative startups as well as top global companies, including Pfizer, Takeda and Novartis. Dr. Ahuja earned a Bachelor of Science degree from Duke University, a Doctor of Medicine from Washington University in St. Louis and an MBA from Harvard Business School.
“I believe that blockchain technology will fundamentally change the world, in much the same way as did the internet when it came to the forefront 20 years ago,” said Dr. Ahuja. “Those applications that utilize peer-to-peer connectivity, that have the ability to move away from centralized third parties, and that enable verification of immutable data, will have the ability to empower individuals all over the world. I am thrilled to be a part of this movement.”
Scott Bischoff has joined the team as VP of Marketing in order to further the network’s marketing and commercialization strategy in this critical time of organizational growth. Bischoff who brings over two decades of cross-functional leadership experience in multiple Fortune 500 companies including Bristol-Myers Squibb and Teva Pharmaceuticals, will be tasked with leveraging his diverse background to expand the use of the Nexus technology to develop additional use cases utilizing this advanced blockchain. Bischoff earned a Bachelor of Science in marketing from Southern Illinois University and has additional education and leadership experience in music business, technology, finance, real estate, tax and legal strategies.
“I am delighted that Scott is bringing his experience, wisdom, and professional attributes to The Nexus Embassy,” said Dr. Ahuja. “Nexus is being designed as world-class technology, and it is scaling up to make a real difference in the world. Scott, along with the rest of the management team, is poised to help make this a reality.”
Having recently established its physical headquarters in Scottsdale, Ariz., The Nexus Embassy has ongoing plans to continue to build out the organization with top coders and developers, in order to focus on the development of the Nexus technology and the creation of multiple use case applications. With its cryptocurrency as the initial use case, Nexus will continue its expansion to help to reshape the world and continue progress towards a truly decentralized system.
About The Nexus Embassy
The Nexus Embassy is a Colorado nonprofit corporation created to be a steward for technological development and education of the public. As a nonprofit, there are no owners, and it is governed by its board of directors and operated by its management team. It is funded by the network through the mining process of the Nexus blockchain. Everything released by The Nexus Embassy is open-source and given to the general public.
Nexus is an innovative open-source blockchain technology, designed to improve the world through advanced peer-to-peer networks and digital currency. Nexus focuses on solving the current challenges of speed and scalability in the blockchain industry, and Nexus also provides world-class quantum resistance through its many innovations. Enabled by its partnership with Vector Space Systems, the future of Nexus will also combine blockchain technology with ground-based MESH networks and satellites to facilitate the formation of a decentralized internet. Nexus shall enable people to take control of their personal and financial freedoms, empowering humanity in the process. For more information and to see how you can help build the future, visit www.NexusEarth.com.
Nexus is pleased to announce the integration of the LISP (Locator Identity Separation Protocol) network architecture with Nexus Earth which allows the Nexus blockchain to run over a secure open overlay. LISP was created by Dino Farinacci, in partnership with several Cisco engineers, and is being developed and standardized by the Internet Engineering Task Force (IETF). Dino founded lispers.net after being a Cisco Fellow. At Cisco Systems he designed and implemented dozens of protocols: “more than anyone on earth”.
LISP helps the internet scale, and provides secure features for today’s newer applications, by encapsulating a packet with identifiers into a packet with topological locators. This allows the internet to route packets based on location rather than identifiers, enabling it to scale by holding less routing state. As the lispers.net website explains: “We are building state-of-the art, next generation internet architectures and protocols that enable modern-use applications to scale securely and run efficiently”.
The Cisco website notes: “LISP is a network architecture and set of protocols that implements a new semantic for IP addressing. LISP creates two namespaces and uses two IP addresses: Endpoint Identifiers (EIDs), which are assigned to end-hosts, and Routing Locators (RLOCs), which are assigned to devices (primarily routers) that make up the global routing system.”
Why is this Important
The network keeps growing with the expanding number of users and devices (think wireless phone, computers, wireless earbuds, iPads etc) so we need to have a way to consolidate data in order for the network to handle more traffic from more devices. Our internet currently runs on IPv4 which can handle 4.3 billion IP addresses, fewer than the number of people in the world. Once you add in multiple devices you can see where the current system needs to scale, and thus IPv6 comes into play. However the transition to IPv6 started in 1990 and is still not completed. LISP allows identifiers to be IPv6 addresses while the core does not have to be completely converted to IPv6 so we can address 2^128 nodes (3.4E38 addresses), close to addressing every particle (1.33E50) on earth (off by 10^12).
LISP also speeds up the user experience, as we currently don’t take the shortest path between communication devices with intermediaries such as ISPs. LISP provides increased speed & scalability.
Taking the shortest path between devices has additional implications. Peer to peer, or direct device to device, communication equates to a more secure, decentralized network mitigating delays and connection interruptions. The devices that attach to the network will have multiple connections and continuously be moving around. We want applications to keep their connections up during roaming, mitigating latency.
How LISP Works Exactly
With LISP the user receives an EID (end-point ID), which is a static Identity. Instead of your identity changing each time you move your devices, it stays fixed and encrypted, allowing everything to run more smoothly. Comparing this to blockchain, your EID basically becomes the “trust key” for your identity. This EID or address is the same address you would be using today on your devices, but the address can remain assigned to you and is independent of how and where you connect to the network. An EID can be a “Crypto-EID”, so when a private/public key-pair is allocated to the device, the Crypto-EID is a hash of the public-key. Therefore, your identity is based on your crypto credentials, much like your Nexus Wallet address.
LISP & Nexus
For the last few months Nexus has been successfully test running two Nexus nodes, Nexus 1 & Nexus 2, that have been assigned EIDs and are using the LISP overlay.
How LISP helps Nexus
Just a single feature of LISP benefits Nexus, but there are many. LISP allows Nexus to have all of its data packets encrypted when traveling over the network. With LISP providing a direct route for information to travel there are no eavesdroppers in the middle of information transfer, providing privacy of transactions. Did you know that disclosing your physical location is a privacy issue? LISP is essentially bringing HTTPS (Hyper Text Transfer Protocol Secure) level security to Nexus.
Another way that LISP enhances Nexus is by running the blockchain over IPv6 even if the whole internet is not running on it. Nexus runs on an IPv6 overlay where LISP will allow it to connect to the IPv4 underlay.
Nexus & LISP at the Internet Engineering Task Force 101
PHOENIX, Feb. 2, 2018 /PRNewswire/ — Nexus (NXS), announced a partnership with SingularityNET (AGI), to explore the combination of both technologies. SingularityNET is looking to expand horizons creating a decentralized AI network based on blockchain. This new partnership could result in the most secure, scalable and censorship-resistant blockchain AI infrastructure in existence.
Nexus and SingularityNET share an aligned mission of creating the safest and most advanced technology. In discussing the future of secure, decentralized AI, SingularityNET Chairman David Hanson commented, “It will become the single most valuable technology in all of history. This is the chance for us to change the world together.” SingularityNET will also be exploring the use of Nexus’ satellite-based alternative internet protocol. The integration with Nexus would strengthen its mission of creating a censorship-resistant AI network, democratizing access in a manner no other project could achieve.
Benefits/implications of the partnership For Nexus, the partnership presents a valuable use-case for deploying its 3D Chain architecture and exploring AI applications on layers 1 and 2 of its network. Both of these groundbreaking advancements in blockchain technology will become available in 2018.
Founder and Chief Architect of Nexus Colin Cantrell explains, “Nexus wants to resist the centralization of AI and believes partnering with SingularityNET can contribute to AI safety.” In a truly decentralized AI network, having rules contracted into AI decision making helps assure it will be used for good. Cantrell continues, “Nexus and SingularityNET are exploring new systems together in order to create a reliable means of self-regulating trust and reputation in a trustless system. This can make AI’s safer and more resilient when some of their decisions have to be routed through an immutable contract, ‘such as protect this human.'”
For SingularityNET, the partnership creates scalability, accessibility and security for its AI network. This creates safer, more advanced AI in a way the world has never seen. The partnership helps propel both companies forward in realizing their mutual aim of distributing powerful technologies. Nexus and SingularityNET both share the same mission – to create the safest and most advanced technology in the world.
About Nexus Nexus is an innovative open source blockchain technology, designed to improve the world through advanced peer-to-peer networks and digital currency. With the world’s first 3D Chain, Nexus solves the current challenges of speed and scalability in the cryptocurrency industry. Nexus is one of the most secure blockchains and provides world class quantum security through its many innovations. Partnering with Vector’s Galactic Sky, the future of Nexus combines satellites, ground based mesh networks, and blockchain technology to facilitate the formation of a decentralized internet. Nexus will be the first digital currency in space using this network. Nexus empowers people to take control of their financial freedom empowering humanity in the process. For more information and to find your purpose, visit www.nexusearth.com or watch our informational video.
About SingularityNET SingularityNET is the first and only platform that allows AIs to cooperate and coordinate at scale. This removes one of the major limiting factors to AI growth today, the lack of interoperability, which severely restricts the ability to leverage the strengths and capabilities of individual AIs. With SingularityNET, companies, organizations, and individuals can empower their AI agents to participate in markets, buying and selling goods and services. No longer must AIs exist in silos, only capable of operating within a specific company, infrastructure, or industry. To learn more about SingularityNET visit: https://singularitynet.io/