(PRWEB) April 23, 2018
DiscoveryIoT on-boards Hedge Fund and ICO Investor David Drake as Advisor to Impact the Communications Systems
DiscoveryIoT, the World’s first Blockless DAG-based IoT network, has on-boarded David Drake as its latest advisor on its advisory board.
David Drake is the Founder and Chairman at LDJ Capital, a multi-family office which deals in worldwide funds accessing over a trillion in assets and maintains over 50+ global directors and family office partners.
More recently, David Drake is also seen as a leader in blockchain and cryptocurrency. He saw the value of digital assets when everyone was avoiding it. He runs a $200M LDJ Cayman Fund focused on cryptocurrency, mining, and ICO acquisitions. LDJ Capital Credit also offers middle market bridge financing to seed upcoming ICO’s.
Commenting on the new partnership, David says, “DiscoveryIoT represents the convergence of AI, IoT, Mobile and Blockchain, each of which are world-changing technologies themselves. The platform is disrupting the existing communications systems and will change the way enterprises track their sales and supply chain.”
The Founders of DiscoveryIoT, T Kumar and Selvam VMS, expressed their pleasure at the addition of David Drake on to their advisory board. Kumar and Selvam say, “Given the disruptive nature of the DiscoveryIoT solution, we were on the lookout for an advisor who would not only appreciate the underlying blockchain technology but also have the investor network to support our growth. David Drake and his team at LDJ capital would be of great help in scaling our business.”
About David Drake
David Drake is the Chairman of LDJ Capital, a family office based in NYC; Victoria Partners, LDJ Real Estate Group; Drake Hospitality Group; and The Soho Loft Media Group. David’s investments currently have 50+ global directors that maintain relations with institutions and family offices with access to over a trillion in assets. He previously represented the US Commerce Department at the EU and has spoken at the UK Parliament. David’s access with 100,000 investors is maintained through his media asset, The Soho Loft Media Group, which has produced and sponsored over 1500+ finance conferences since 2002. He is actively involved in the crypto community as an advisor and speaker and has helped blockchain firms in their respective ICOs.
DiscoveryIoT is a global ICO based on building the world’s first blockchain powered IoT communications network. There is also a hardware element to the project that makes DiscoveryIoT a one-stop IoT solution for enterprises.
DiscoveryIoT has been built based on a real and existing business problem that the founders have witnessed first-hand from other businesses. An MVP version of the product is expected to be launched in June 2018.
The platform also has phenomenal network effects in place, with a larger user community driving more enterprise adoption, and vice versa.
With the aim of tracking ten billion IoT devices everyday within the next 5 years, DiscoveryIoT is building the most apt IoT Communications network ever. With phenomenally low tracking costs (~$0.02 per device per month), DiscoveryIoT is truly a revolutionary platform that will change the way enterprises track their sales and supply chain.
For more information, you can visit http://www.discoveryiot.com or write to selvam.vms(at)discoveryiot.com