Benjamin Kraus, United Nations blockchain advisor joins Descrow blockchain project

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

Simon Cocking

Recent Posts

AI FORWARD > Supercomputing the Future: Rare Open Day at Ireland’s Most Advanced AI Infrastructure

CloudCIX, in conjunction with AlloComp, will host AI FORWARD > Supercomputing the Future, a one-day…

19 hours ago

MTU to Host National Workshop on Strengthening Rural Life and the Future of Farming

Munster Technological University (MTU) will host a major stakeholder workshop exploring the future of rural…

21 hours ago

Pendulum Summit returns Friday, January 23rd

Pendulum Summit kicks off this Friday for the 12th year, founded by Irish International rugby…

22 hours ago

Accelerating Clean Transport: Tyndall Researchers Driving New Research to Integrate Electric Buses in Ireland

Tyndall National Institute was awarded six projects from SEAI’s National Energy Research, Development & Demonstration…

23 hours ago

ServiceNow and OpenAI collaborate to deepen and accelerate enterprise AI outcomes

ServiceNow the AI control tower for business reinvention, and OpenAI has announced an enhanced strategic…

1 day ago

More about Irish Tech News


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.