“The partnership of these three companies is about shaping the future of data storage and the future of quantum computing.”Michael Woods, co-founder of Monsoon Blockchain Storage Inc.
SEOUL, South Korea (PRWEB) October 31, 2018
Today an international consortium of three companies in the fields of data storage and photonics technology convened in Seoul to announce the successful launch of the world’s first live global provider of blockchain-based data storage optimization that arbitrages cost-savings for its clients across cloud-based servers and providers at the highest level of data security. Earlier this month, the companies held a meeting at the New York Stock Exchange to discuss their plans. The first-of-its-kind partnership includes US-based Monsoon Blockchain Storage Inc. (“Monsoon”), Netherlands-based photonics technology innovator LioniX International (“LioniX”), publicly-listed South Korean electronic components company MagicMicro Co. Ltd. (KOSDAQ: 127160.KQ) (“Magic”), and is sponsored by US-based Broadline Capital (“Broadline”), the global alternative investment firm.
“Our intention is to establish the premier global provider of blockchain-based data storage optimization that solves current cloud-based limitations by allowing companies and individuals to seamlessly store their data within multiple cloud providers and servers, while contracting for only the appropriate amount of storage and compute, provided at an optimal price, while also providing safety and security of your data,” said Michael Woods, co-founder of Monsoon.
“The main difference with other data storage optimization competitors,” Woods continued, “is that Monsoon has built and deployed the fundamental core technologies with major cloud partners and global enterprise customers. We have developed a global provider of blockchain-based data storage optimization, while arbitraging cost-savings for our clients across multiple cloud-based servers and providers.”
Although much of the initial excitement for blockchain technology over several years has centered around applications relating to Bitcoin or financial services, the applicability of blockchain to data storage is rapidly being recognized due to blockchain’s decentralized nature. When decentralizing data storage, it no longer exists on a server. Instead, encrypted data is stored across a network of shared ledgers. When customers want to retrieve their data, the blockchain retrieves all the pieces from different nodes in the network and decrypts it, which dramatically improves data security. In contrast, data breaches and hacks are typically focused on a centralized database in the cloud or on premises. These are among the reasons that blockchain is critical to the future of data storage.
Monsoon was founded by a Stanford PhD, Dr. Donald Basile, the recognized data storage expert who has more than 20 years of industry experience as a technology entrepreneur, former CEO of both private and public companies, and Silicon Valley venture capitalist.
The three companies in this partnership have each been executing at a rapid pace this year. In April 2018, Monsoon launched the world’s first live and functional cloud data storage optimization service. In July 2018, Magic acquired 75% of LioniX, the Netherlands-based photonics technology leader. In September 2018, Magic brought in Broadline Capital as an experienced technology investor to accelerate its strategic corporate transformation and expansion into the fields of Photonic Integrated Circuits (PIC) and blockchain-based distributed data storage optimization technologies. Next, LioniX set a world record by producing the world’s first fully integrated optical beamforming network (iOBFN). Today, all three companies together with Broadline Capital convened to jointly issue the major partnership announcement.
“The partnership of these three companies,” Woods commented, “is about shaping the future of data storage and the future of quantum computing. It’s about higher-capacity data transmission, powered by lower energy consumption, more secure and optimized data storage capabilities for our clients, and global access to your data real-time, anytime. That’s what this partnership is all about.”
About LioniX International BV
Netherlands-based LioniX International is a leading global provider of customized solutions specializing in Photonic Integrated Circuits (PICs), MEMs, and Opto-fluidic systems for OEMs and System Integrators. In September 2018, LioniX set a world record by producing the world’s first fully integrated optical beamforming network (iOBFN). These fully integrated microwave photonic modules will be used for broadband satellite communications at 19 GHz. They provide outdoor and indoor coverage and capacity to end users to enable real-time HD video, online gaming, and high-capacity communications. In October 2018, LioniX and Evonetix Ltd, the Cambridge-based pioneer of scalable and high-fidelity gene synthesis, announced a collaboration wherein LioniX will provide MEMs for high-throughput of high-fidelity gene-length DNA at scale. On July 4th, 2018, MagicMicro Co. Ltd., the South Korean publicly-listed electronic components company, announced its acquisition of a majority stake of LioniX. For more information, please visit https://www.lionix-international.com.
About MagicMicro Co. Ltd.
MagicMicro Co. Ltd. (KOSDAQ: 127160.KQ) is a South Korean publicly-listed electronic components company. In 2018, the company acquired 75% of Netherlands-based LioniX International, the leading photonics technologies innovator. Prior to its acquisition of LioniX, Magic’s core competence was the development of Display LED, Lighting LED and Vehicle LED featuring self-core technologies including “Spot Plating”, and an established “All in House” system. In addition to combining its operational excellence with technology advantages, Magic helps ensure exceptional value for its clients through a quick map based Customer Relationship Management (CRM) system. For more information, please visit http://www.magicmicro.co.kr
About Monsoon Blockchain Storage Inc.
USA-based Monsoon Blockchain Storage Inc. is a premier global provider of blockchain-based data storage optimization. The company was founded by chief executive officer Dr. Donald Basile, a recognized data storage industry visionary and Silicon Valley venture capitalist, and co-founded by Michael Woods, well known chief executive of multiple Asset Management firms in the US.
About Broadline Capital
Founded in 2005, U.S.-based Broadline Capital is a global alternative investment firm primarily focused on growth capital and impact investments in North America and Asia. When evaluating opportunities, Broadline seeks category leaders and category creators that are reshaping their industries. Broadline’s proprietary investment process stems from its disciplined approach to investment selection: First, they start with a top-down approach to identify highly-charged sectors where a combination of innovation, growth, strong margins, and market consolidation strategies are yielding abundant investment opportunities. Next, they take a bottom-up approach to identify category leaders and category creators that are helping to reshape their industry and who can benefit from Broadline's platform, expertise, and network of relationships as they implement their shared vision for the company. For more information, please visit https://www.broadlinecapital.com.