Technology

Michael Arrington Joins aelf as Senior Advisor

aelf, which is building a next generation public distributed cloud computing platform, has today announced that TechCrunch Founder and serial entrepreneur Michael Arrington, has joined the company as a Senior Advisor.

Arrington’s role will help aelf to expand its global reach, following its incubation by one of the most promising regional blockchain hubs in the world – Asia.

See the press release below

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TechCrunch Founder Michael Arrington Joins aelf as Senior Advisor

Silicon Valley mogul to propel global expansion of aelf blockchain network

Singapore, Singapore – January 17, 2018 – aelf, the next generation cloud computing blockchain network, has announced that TechCrunch and Arrington XRP Capital Founder Michael Arrington has joined the company as a Senior Advisor. A serial entrepreneur and prominent figure within the technology community, Arrington will help to expand aelf’s global reach and realize its strategic vision of a superior, scalable blockchain architecture that transforms and bolsters the commercial use of blockchain technology.

Zhuling Chen, Co-Founder of aelf, said: “Named one of the most powerful people on the Internet, Michael is a highly respected Silicon Valley businessman and pioneer, having spearheaded projects and companies that have shaped mainstream tech culture. Few people match his breadth of knowledge, insight, and level of experience, making him an invaluable asset in scaling the aelf network through strategic partnerships and expansion into new and flourishing markets.”

Best known as the founder of startup and technology news publication TechCrunch, Arrington recently established the first hedge fund to be valued in cryptocurrency instead of dollars or euros, Arrington XRP Capital. The fund is valued in Ripple’s XRP cryptocurrency, a major rival to bitcoin, at $100 million USD and was established to manage long-term investments in crypto and blockchain-based assets.

Michael Arrington said: “There are two types of projects in the blockchain space: those that simply use the existing technology to build platforms and products, and those that actually develop the state of the art in blockchain and build next generation technology. The aelf blockchain network is groundbreaking technology. Incubated in the most prominent regional innovation hub in the world – Asia – and backed by the most recognized powerhouse crypto and blockchain hedge fund in the region, I’m coming on board with aelf with great confidence and excitement.

“As blockchain use increases exponentially, resolving scalability and congestion issues is a number one priority for enterprises and consumers that many in the community are trying to tackle. aelf’s complex and technologically rigorous vision for next generation sidechain technology is far superior to anything else in the market. I look forward to helping aelf achieve global reach and ignite the large-scale commercial adoption of its architecture,” he added.

The aelf platform is a decentralized cloud computing blockchain network built with state-of-the-art design principles and technology. The network will serve as a multi-functional, customizable operating system designed to meet the requirements of various complex commercial business scenarios. The aelf network seeks to become the “Linux system of the blockchain community”; a highly-efficient platform that enables developers to tailor the system to their needs. In addition, the aelf network will incorporate cross-chain interactions with mainstream blockchains, including Bitcoin and Ethereum, to enhance scalability and optimize the speed of the network. A consensus protocol will be integrated into the aelf network, enabling users to vote on future protocol updates and feature developments.

“With Michael’s expertise, the aelf network will build on its mission of creating a singular hub for all existing blockchains, enhancing efficiency, adaptability, and compatibility for technological systems throughout the world,” added aelf Co-Founder Zhuling Chen.

Michael’s appointment follows the successful recent conclusion of aelf’s private token sale to accredited investors in December 2017, which amassed $25 million USD in contributions.

For more information on the aelf platform, visit aelf.io.

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