SONM Advisory Board Onboards Digital Economist Paolo Tasca

Supercomputer Organized by Network Mining (SONM) has made an announcement regarding digital economist Paolo Tasca having joined the company’s board of advisors. 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 tamp 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 tamp Read this Term expert Tasca will be serving as an advisor on business development. SONM is a dispersed international fog supercomputer that offers general purpose computing from site hosting to scientific calculations.

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Tasca is the founder of the Centre for Blockchain Technologies at the University College London (UCL) and currently holds the role of Executive Director there. Prior to this position, Tasca acted as Lead Economist for digital currencies and peer-to-peer lending at Deutsche Bundesbank, which is located in Frankfurt, Germany. He had also served as an advisor on blockchain technology to the European Union Parliament and the United Nations. Tasca’s research on blockchain has been published in academic journals such as the Harvard Business Review, and he co-authored The FinTech Book: The Financial Technology Handbook for Investors, Entrepreneurs, and Visionaries with ChainLink’s CEO and co-founder Adam Hayes.

Sergey Ponomarev, SONM Chief Executive Officer, congratulated Tasca on joining the firm: “We are very proud to have Paolo join our Board of Advisors. As a distinguished blockchain expert and advisor to other illustrious blockchain projects, Paolo’s knowledge will help guide the development of SONM’s decentralized computing network and bring us closer to our vision of becoming a secure and cost-effective way to run general purpose computing workloads. His academic connections will also serve an asset to SONM as we seek to develop closer relationships to research and development efforts in the distributed computing space. With his remarkable track record in the blockchain and finance spaces, Paolo is the perfect fit to join our advisory team.”

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Tasca spoke enthusiastically of stepping into his role at SONM: “I am incredibly honored to join the SONM project, one whose innovative vision I strongly believe in. The possibilities unlocked by the connections between billions of people and smart devices will rapidly progress our collective processing power, storage capacity, and access to knowledge. In this period of extraordinary connectivity and digital transformation, SONM’s distributed cloud technology will allow for the processing of a nearly infinite amount of data streamed from many sensors and connected devices.”

Recently, SONM's Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term) came to a close on July 15 2017, having reached $42 million four days into the event in which 8,774 buyers participated. SNM tokens, which are issued on the Ethereum blockchain, are now available on a number of exchanges such as EthereDelta, HitBTC, Liqui, YoBit, Tidex, and COSS.