Business Wire

Orchid Labs Introduces the Orchid™ Protocol and Tokens to Create an Internet Free from Surveillance and Censorship

Jaa

Orchid Labs Inc. has unveiled itself publicly today, along with the launch of the private alpha version of its Orchid Network accompanied by a whitepaper. The Orchid protocol is an open-source network intended to end internet surveillance and censorship, while protecting users’ personal data from being harvested by ISPs or other entities. Early in 2018, the blockchain-based Orchid network beta will launch to the public, enabling people across the world to freely communicate, collaborate, and access information.

According to Freedom House, two-thirds of all internet users live in countries where censorship and surveillance limit their ability to access information and communicate. For these individuals, a click or a share can mean imprisonment, or worse. And wherever you live, ISPs and VPNs are profiting from the sale of users’ most sensitive and private information.

Like many other dedicated people around the world, the founders of Orchid Labs are fighting to end these practices and bring an open and liberated internet to everyone in the world. The Orchid protocol is their contribution to this movement for internet freedom—meaning internet that can’t be controlled by corporations or governments and is open and accessible to all. The co-founders share more of their vision and the mission behind the open source technology project that contributes to this cause in the statement they published today.

Founding Team and Leadership

The Orchid founders, an established group of technologists, entrepreneurs, and blockchain experts, have been working in stealth since early 2017 to bring the technology to life. Collectively, the team has extensive expertise in security, networking, blockchain, and open-source software.

  • Stephen Bell: Steve started companies in Europe, the U.S., and China before founding Trilogy VC China, where he spent 10 years backing Chinese seed stage startups.
  • Brian J. Fox: Brian is an entrepreneur and open-source advocate, the first employee of the Free Software Foundation, and the author of the GNU Bash shell.
  • Jay Freeman: Jay is a software engineer and the developer of the Cydia software distribution platform used on millions of jailbroken iOS devices.
  • Gustav Simonsson: Gustav is an engineer and developer who helped launch Ethereum in 2015, working with core protocols, clients, and security auditing.
  • Dr. Steven Waterhouse: Steven is an experienced investor and entrepreneur, having co-founded RPX Corp, led cryptocurrency projects at Fortress and Pantera Capital, and the Honeycomb product at Sun Microsystems.

An Internet with Encrypted, Decentralized Architecture, Incentivized on the Blockchain

Orchid is building a new, surveillance-free layer on top of the internet. It’s fully decentralized, meaning that rather than traffic being routed through central authorities—like a user’s ISP or VPN—it's instead routed randomly through a network of nodes as bandwidth contributors sign up to share their surplus bandwidth. Users that want to access surveillance-free internet pay the bandwidth contributors in Orchid tokens in a free-market ecosystem. Orchid’s technology also ensures that central authorities can’t monitor traffic or payments, so it’s fully anonymous, for both the bandwidth consumer and the bandwidth contributor.

Advisors and Investors

To help provide counsel, Orchid Labs has enlisted a team of advisors with experience in cryptography and mission-driven projects. Orchid’s advisors include Gavin Wood, Founder & CTO at Parity Technologies; Dr. Dan Boneh, Professor and head of Cryptography at Stanford University’s Computer Science Department; and Alexander Lloyd, human rights advocate and Managing Director of Accelerator Ventures.

To support Orchid Labs and its mission, Orchid has raised a $4.7M seed SAFT (Simple Agreement for Future Tokens) from investors including Sequoia, Andreessen Horowitz, DFJ, PolyChain Capital, Metastable, Blockchain Capital, Crunchfund, Struck Capital, Compound VC, European Investor Richard Muirhead, and several other funds and angel investors.

To learn more about Orchid Labs, read their whitepaper, or sign up for more information, visit orchidprotocol.com.

About Orchid Labs Inc.

Orchid Labs Inc. is an open-source project committed to ending surveillance and censorship on the internet. The Orchid protocol uses an overlay network built upon the existing internet, which is driven by a peer-to-peer tokenized bandwidth exchange, creating a more inclusive, liberated internet. Orchid Labs was founded in 2017 by Stephen Bell, Brian J. Fox, Gustav Simonsson, Dr. Steven Waterhouse, and Jay Freeman. Orchid Labs is headquartered in San Francisco, California.

Contact information

CMO for Orchid Labs Inc.
Louise Callagy, 415-699-2963
press@orchidprotocol.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Loxam Announces a Conditional Agreement to Acquire UK Platforms20.7.2018 17:51Tiedote

Loxam Group (“Loxam”) announces that its wholly-owned subsidiary Nationwide Platforms Limited (“Nationwide”) has entered into a conditional agreement with HSS Hire Group plc (“HSS”) with respect to the acquisition of UK Platforms Limited (“UKP”). UKP specializes in renting powered access equipment from its 12 branches located throughout the United Kingdom. The company has approximately 130 employees and operates a fleet of 3,000 units. UKP is controlled by HSS since 2013. As part of this transaction, Nationwide has entered into a commercial agreement with HSS to provide powered access equipment to complement HSS’ existing fleet. The closing of the transaction is subject to the approval by HSS’ shareholders and the confirmation that it will not be referred to the Competition and Mergers Authority. The transaction is expected to close before year end 2018. Don Kenny, CEO of Loxam’s Powered Access Division states: “I am delighted with the acquisition of UKP which will further reinforce NW

Schlumberger Announces Second-Quarter 2018 Results20.7.2018 14:00Tiedote

Schlumberger Limited (NYSE: SLB) today reported results for the second quarter of 2018. (Stated in millions, except per share amounts) Three Months Ended Change Jun. 30, 2018 Mar. 31, 2018 Jun. 30, 2017 Sequential Year-on-year Revenue $8,303 $7,829 $7,462 6% 11% Pretax operating income $1,094 $974 $950 12% 15% Pretax operating margin 13.2% 12.4% 12.7% 75 bps 45 bps Net income - GAAP basis $430 $525 $(74) -18% n/m Net income, excluding charges & credits* $594 $525 $488 13% 22% Diluted EPS - GAAP basis $0.31 $0.38 $(0.05) -18% n/m Diluted EPS, excluding charges & credits* $0.43 $0.38 $0.35 13% 23% *These are non-GAAP financial measures. See section below entitled "Charges & Credits" for details. n/m = not meaningful Schlumberger Chairman and CEO Paal Kibsgaard commented, “The second quarter was both busy and exciting for Schlumberger as we completed a number of major milestones in preparation for the broad-based global activity upturn that is now emerging. We delivered solid top-line gro

H.I.G. Capital Announces the Sale of KidsFoundation19.7.2018 22:50Tiedote

H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than €21 billion of equity capital under management, announced today that one of its affiliates has entered a definitive agreement to sell the KidsFoundation Group (“KidsFoundation”), the Dutch market leader in childcare services, to Onex Corporation (“Onex”)(TSX:ONEX). Terms were not disclosed. Headquartered in Almere, the Netherlands, KidsFoundation provides high-quality childcare to nearly 30,000 children between the ages of six weeks and 12 years. H.I.G. created KidsFoundation in 2014 through the acquisition of assets from the estate of Estro Group. During H.I.G.’s ownership, the company has developed strongly with significant capital invested by H.I.G. to create a high-quality childcare offering. H.I.G. worked with KidsFoundation management to optimise the footprint of the company by exiting loss-making locations, introduce new IT systems to drive operational improvement and develop an internal M&

SIG Combibloc Group Holdings S.à r.l.: 2018 Second Quarter Results19.7.2018 19:01Tiedote

We are pleased to announce our quarterly conference call to discuss the results of SIG Combibloc Group Holdings S.à r.l. for the second quarter ended June 30, 2018. Date: Monday, July 23, 2018 Time: 15.00 CEST / 14.00 BST / 9.00 EDT The call information will be distributed on our secure site. If you would like access to our call, please contact investor.relations@sig.biz . Regards, SIG Combibloc Group Holdings S.à r.l. View source version on businesswire.com: https://www.businesswire.com/news/home/20180719005634/en/ Contact information SIG Combibloc Group Holdings S.à r.l. Jennifer Gough investor.relations@sig.biz

NEORIS Announces Creation of Innovation Labs Worldwide to Create a Smarter Future19.7.2018 18:32Tiedote

NEORIS, a global digital consulting services company, announced today it is consolidating the most innovative solutions it has developed in different geographies and allocating unprecedented resources to deploy a network of Innovation Labs worldwide. The main objective is to lay the foundation for the continuous development of disruptive solutions for its four core industries: Manufacturing, Financial Services, Healthcare and Telecommunications. Due to its disruptive nature, NEORIS decided that its first Innovation Lab should be housed in the Monterrey Digital Hub, which today is the first-of-its-kind as it is a space where entrepreneurs, companies, universities and investors converge to foster an ecosystem for Digital Transformation. The lab inaugurated in Monterrey, Mexico is the first of a series of Innovation Labs that will open in the different countries that NEORIS operates, and is a space where customers can experience emerging technologies through real-life scenarios. One such

CORRECTING and REPLACING Albar Capital Deploys FlexNOW19.7.2018 18:29Tiedote

Subhead of release should read: Out-of-the-Box Multi-Asset Execution Management System (instead of Easy-to-Install Multi-Asset Execution Management System). The corrected release reads: ALBAR CAPITAL DEPLOYS FLEXNOW Out-of-the-Box Multi-Asset Execution Management System FlexTrade (@FlexTrade) today announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system. “The FlexNOW team was instrumental in solving several of our problems,” said Jason Ruder, Trader at Albar Capital. “Not only are they helping us with our compliance requirements, they are also responsive to requests that improve my workflow.” According to Rhyd Lewis, FlexNOW Product Manager, FlexNOW’s quick onboarding and easy installation process was critical for Albar Capital’s launch on 2 July. “We had no problem integrating FlexNOW with Albar’s portfolio and risk managemen

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme