New partner Cognitive Blockchain will be making an equity investment in parent company Cudo, providing expertise to Cudo for the vast yet lucrative Chinese blockchain market.
From the original Bitcoin to the smart contract initiated by Ethereum, to today’s DEFI and NFT, blockchain has evolved to bring transparency, decentralization, fairness, and efficiency to an increasing number of markets globally. Consequently, Web 3.0 will be redefined through the next phase of blockchain-based technological advancement.
Cognitive Blockchain consists of a blockchain education platform and community club as well as a venture capital program. They unequivocally believe in the power of blockchain technology to reshape the global economy, the future of finance as well as engage in promoting education on blockchain tech.
“We’re extremely grateful for the opportunity to strategically partner with Cognitive Blockchain. Their team, led by Managing Partner Jenny Yue, instantly recognized our vision, and demonstrated a deep understanding of both the market opportunity that we’re filling, and the tech stack that we’re building. Unlocking the door to the Chinese market is hugely important to our growth strategy, and Cognitive Blockchain will be instrumental in helping us succeed within this key market.” — Pete Hill, VP of Sales at Cudos.
The venture capital focus for Cognitive Blockchain is on value investments on leading blockchain technology start-ups and ventures, teamed with a long-term vision to make impactful changes to disrupt the digital asset, financial markets, and the fintech industry, and the intention to support and catalyze widespread blockchain adoption and innovation. Partnering with leading PR advisers and top blockchain research institutes to support the long-term development and ecosystem building of its investment projects.
“We believe that Cudos’ ability to bridge the gap between traditional cloud services and blockchain, providing layer 2 scaling solution and using idle computing power, is poised to be a game-changer in the Web 3.0 space. Cudos is positioned to be the industry leader of the next generation distributed computing network for blockchains. It will power a fully decentralized and scalable compute solution that will revolutionize how computing power is applied and utilized. We’re very excited to join Cudos as a network validator and strategic partner. We hope to deepen our partnership and help Cudos reach its world-changing vision and milestones.” — Jenny Yue, Co-Founder and Managing Partner at Cognitive Blockchain.
Cognitive Blockchain engages in blockchain education, investment and incubation, as well as technology consulting. The vision of Cognitive Blockchain’s education platform and community club is to provide education about the fundamental technology and use cases of blockchain and to elevate the general public’s understanding of the potential impact of blockchain technology. And the vision of the Cognitive Blockchain Capital is to act as supporters and catalysts for widespread blockchain adoption and innovation. Cognitive Blockchain Capital focuses on value investments in blockchain technology startups and ventures that have leading technology and long-term vision to make impactful changes to disrupt the digital asset, financial markets, and the fintech industry. They partner with leading PR advisers and top blockchain research institutes to support the long-term development and ecosystem building of its investment projects.
Cudo is bridging the gap between Cloud and Blockchain, by using the world’s available computing to power a more decentralized, sustainable and connected world.
Cudos is being designed as a cross-chain, decentralized compute network, with Cudos as the utility & infrastructure token designed to empower Web 3.0 operations on the network. The Cudos network will enable anyone to sell or consume excess computational resources, either via blockchain/smart contract or through more traditional cloud computing API’s.
In essence, what this means is Cudos will be one of the few networks which can power other blockchains and scale to the demands of cloud computing required today.