Global blockchain industry leader signs deal with decentralized open source blockchain vendor to create training materials for engineers
MALIBU, CA, Sept. 07, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – The Crypto Company (OTC: CRCW (“TCC” or the “Company”), an early mover in the blockchain and cryptocurrency space providing the educational foundation for the growth of industry, today announced that its wholly-owned education and consulting company, Blockchain Training Alliance (BTA), has launched a new service offering – which will leverage its expertise in blockchain technology to prepare educational resources for engineers looking to build on the Polkadot platform The launch of the service offering is paired with the announcement that BTA has signed an agreement with decentralized web 3.0 blockchain interoperability platform pioneer Polkadot for the development of an educational program designed to provide engineers with the necessary tools to work within the platform’s framework.
The service offer and the subsequent agreement represent a potentially significant expansion of the income-generating opportunity for BTA. As new networks, platforms and technologies continue to emerge, the nuances of working within their framework regularly deter talented engineers from joining the network. Given BTA’s history and experience working within a multitude of blockchain environments, BTA is uniquely positioned to address this unmet need by creating technical, yet engaging, educational resources that make onboarding engineers more effective and efficient.
“As we continue to evolve as an infrastructure player in the blockchain space, launching new and innovative service products is key to advancing our position as global experts in blockchain technologies while unlocking future value potential for the organization,” said Ron Levy, CEO of The Crypto Company. “In recent months, BTA has continued to execute its growth strategy, adding new courses and certifications, and working with some of the largest organizations in the world. We believe that the need for training in this emerging market is just beginning and will create future demand for its services offered through BTA. As blockchain continues to evolve and be adopted by global players to remain relevant, we believe large companies will continue to seek consulting and education services like what BTA offers.”
While blockchain and cryptocurrencies have become household discussion topics, true understanding of the new technology remains extremely limited. For example, research shows that 89% of American adults have heard of Bitcoin, while 98% of respondents did not understand basic concepts of blockchain and cryptocurrency. (Source/Source) This difference is true not only in the general population, but also among large companies. Taking an organizational approach to blockchain adoption is extremely complex, and given the lack of fundamental understanding, companies will likely continue to seek expert consultants to guide them through this once-in-a-lifetime technological shift. BTA addresses this need by providing curated, generalized and customized educational and consulting resources to individuals and organizations – and now to blockchain platforms themselves.
While cryptocurrency companies have seen a drastic decline in market capitalization in recent months, the blockchain industry has continued to expand, with new networks and technologies being launched. Even with the recent “crypto winter”, the blockchain market is estimated to grow at a 56.3% CAGR ( source[1] [2] ), one of the highest growth rates among all industries. While cryptocurrencies continue to control a significant portion of the blockchain conversation, they are a small part of the blockchain ecosystem. Institutions, multi-national companies and even national governments are exploring the potential of decentralization, with applications in healthcare, banking, travel/tourism, manufacturing and supply chain, networking and even identity and data management. With the possibilities created by the underlying technology behind the blockchain concept, companies that adapt it to each unique situation are creating the infrastructure the industry needs to move forward.
About The Crypto Company
Crypto Company (TCC) was one of the first publicly traded technology companies in the digital currency and blockchain sector. The company’s wholly owned subsidiary, Blockchain Training Alliance (BTA), is a global leader in training courses and consulting services focused on communicating the underlying technology of blockchain to individuals, institutions and large-scale organizations. After consulting with global institutions, organizations, companies and individuals, BTA provides personalized training and educational services to thousands worldwide. TCC is also actively involved in Bitcoin mining through wholly-owned assets where the company currently operates Bitcoin miners that operate on an energy-efficient model, including the use of immersion cooling. Beyond its currently operational assets, the portfolio continues to seek expansion opportunities in the blockchain space – where it can leverage its early-mover advantage to serve as a foundational operator providing infrastructure to the space.
Forward-looking statements:
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are therefore prospective. Forward-looking statements include all statements that are not statements of historical fact regarding the intentions, beliefs or current expectations of The Crypto Company, its directors or its officers. Investors are cautioned that such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond The Crypto Company’s ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties related to The Crypto Company’s business and finances generally, including its ability to continue and manage its growth, competition, global economic conditions . and other factors discussed in detail in The Crypto Company’s periodic filings with the Security and Exchange Commission.
Kyle Porter
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