Benjamin Kraus, the 13th largest miner and United Nations blockchain advisor joined the advisory board of Russian based blockchain project Descrow.
Ben has advised the United Nations Economic Business Advisory Council on digital currencies and blockchain technology since 2015.
He studied finance at Rutgers Business School, and started mining Bitcoins in 2010. In 2013 after raising investment capital he turned Kraus Industries into Asia’s first Bitcoin mining corporation. By June of the same year, Kraus Industries became the 13th largest miner. As part of BTC Guild mining cooperative, it temporarily achieved 51% control of the Bitcoin network through strategic early investments in SHA-256 ASIC technology for Bitcoin mining.
In 2014, recognized for his early achievements and contributions, he was accepted by the United Grand Lodge of England and became a Freemason at the age of 25.
This year Ben joined an advisory board of a promising blockchain project with Russian origins, Descrow. Descrow is the world’s first platform for secure ICO-investments with an inbuilt mechanism of decentralized escrow, which allows the backers to control the spending of the finances via voting.
The project’s mission is to make ICO the less risky way of investments and eliminate the excessive distrust of the potential backers to the new startups, giving a boost to the further ICO market growth.
“DEScrow suggests a smart way to secure funds. Distribution of investments with aa help of escrow handled in a decentralized way and a smart-contract may become a new standard of ICO,”—commented Ben.
If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking
Sir Demis Hassabis, chairman and co-founder of Google DeepMind and the chief scientist of Alphabet,…
There were over 1.2 billion domestic payments made on Irish cards, valued at almost €50…
PC Peripherals receives €2.5m investment as Business Rebrands to Eduvolve Education technology group announces major…
Longford County Council’s Starter Home Purchase Scheme offers 25 high-quality A-rated family homes at Cúirt…
Guest post by Darya Yegorina, founder of Arventa Ask a sole trader in Ireland when…
KPMG has announced that Disseqt, headquartered at NovaUCD in Dublin, has been named the winner…
Irish Tech News are Ireland’s No. 1 Online Tech Publication and often Ireland’s No.1 Tech Podcast too.
You can find hundreds of fantastic previous episodes and subscribe using whatever platform you like via our Anchor.fm page here: https://anchor.fm/irish-tech-news
If you’d like to be featured in an upcoming Podcast email us at Simon@IrishTechNews.ie now to discuss.
Irish Tech News have a range of services available to help promote your business. Why not drop us a line at Info@IrishTechNews.ie now to find out more about how we can help you reach our audience.
You can also find and follow us on Twitter, LinkedIn, Facebook, Instagram, TikTok and Snapchat.