December 23, 2020

Beowulf Blockchain Joins Alliance for Prosperity to Advance DeFi Adoption

SINGAPORE, December 23, 2020 – Beowulf Blockchain, the leading innovator of the decentralized cloud network for communication services, announced today it has joined the Alliance for Prosperity, one of the world’s largest mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology. Under this partnership, Beowulf Group and Alliance for Prosperity will jointly promote and build awareness to drive mass adoption of DeFi protocols, by promoting cross-border communications between DeFi projects, institutions, and other stakeholders.

Through extensive cooperation both internally and with other key stakeholders, Alliance for Prosperity aims to use blockchain technology to reimagine the future of money and create inclusive financial tools, as well as unite the fragmented DeFi communities across the world.

As its first initiative, Beowulf Blockchain will join other global leading member organizations, including several former members of the Facebook-backed Libra Project, to work towards creating a truly open payments network that can be the backbone of a new era of payments. Specifically, Beowulf Blockchain will enable Celo Dollars as a payment option across a range of its technology suite, particularly for its flagship suite QUICKOM, as well as promote the usability of this coin within its partner network. In addition, Beowulf Blockchain and the alliance members will jointly deploy QUICKOM as the compelling option of teleconferencing software for large-scale public events and remote training activities.

Among its many services, QUICKOM by Beowulf has been providing the compelling technology platform for world-leading businesses and organizations to host large-scale conferences for up to 5,000 participants simultaneously in the places where they’re the most productive, empowering employees to directly connect with each other and with customers, across all channels.

Beowulf is also known for its publicly-run decentralized Blockchain, the eponymous Beowulf Blockchain, which utilizes Delegated Proof-of-Stake consensus. The Beowulf supercomputer is built by integrating available computing resources contributed by individuals worldwide, with each transaction within the ecosystem recorded on the Blockchain. 

“We are excited to welcome Beowulf to Alliance for Prosperity,” said Chuck Kimble, the Head of Celo Alliance for Prosperity. “It’s our genuine commitment to be an ambitious connector, by integrating Beowulf to cutting-edge forces in the industry, and jointly promoting DeFi to become more accessible, for the vision of creating next-generation financial systems to benefit billions of people around the world.”

Dr. William H. Nguyen, CEO and Founder of Beowulf Blockchain is optimistic that wide industry adoption will follow. He stated:

“We are pleased to join the Alliance for Prosperity, especially at a time of such extraordinary opportunity. Now is the moment when the promise of blockchain technology is finally crystallizing into significant institutional adoption and there is a growing realization of its enormous potential to transform the way financial services are provided worldwide.”

About Beowulf Blockchain

Beowulf is a B2B decentralized cloud network for communication services. We bring transparency and immediately-available solutions for clients in many fields, including education, healthcare, finance, entertainment, transportation, and e-commerce, by enabling them to provide communication features for their businesses without barriers.

About Alliance for Prosperity

The Alliance for Prosperity is an ecosystem of mission-aligned organizations including nonprofits, merchants, and payment processors fostering social impact and financial inclusion through the use of blockchain technology. In support of mobile-first open blockchain platform Celo, the Alliance provides infrastructure and education to enable more people to use digital currencies — specifically, the Celo Dollar stablecoin — in the geographies that need it most. Each member’s combined contributions make it easier to move digital currencies around the world and create accessible financial tools on the Celo platform, with diverse use cases including remittances, humanitarian aid, payments, and microlending.

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