Abelian, an advanced, AI-powered mining platform providing a professional turn-key cryptocurrency mining solution, and Shyft Network, the global blockchain-based network that facilitates the secure sharing of compliant and attested data, are proud to announce the signing of a Letter Of Understanding (LOU).
Together, the companies will work towards integrating Abelian’s mining platform with Shyft’s KYC / AML platform. Abelian will be the first mining platform to incorporate a trading exchange, allowing miners to automate mining reward transactions into preferred cryptocurrencies in real time, increasing portfolio management adaptability and streamlining miner administration processes. The inclusion of a trading exchange brings with it some inherent risks, with cybersecurity being a major problem for cryptocurrency exchanges and marketplaces. Abelian understands these risks and will work closely with Shyft to implement their KYC technology and ensure Abelian delivers a fully compliant, robust and secure platform for cryptocurrency miners. To accelerate the growth of the Shyft Network, Abelian will be contributing mining and hash power to ensure the network’s stability, security and resilience.
“Shyft is not only leading the way in creating new compliance and regulatory standards, but they’re bringing greater legitimacy and interoperability to the blockchain space”, said John Cooper, the Chief Operating Officer at Abelian. “This partnership will allow Abelian to deliver a more secure platform to its users by utilizing Shyft’s innovative layer that facilitates KYC / AML attestations without compromising privacy and security.”
“Abelian’s integration of a trading exchange into the mining platform is the logical next step in the industry and will make the Abelian platform attractive to miners across the globe,” says Fredrico Nassire, Chief Strategy Officer at Shyft. “We’re excited that Shyft’s KYC / AML network will help to deliver a more secure platform for Abelian.”
About Abelian
Abelian is developing an advanced, AI-powered cryptocurrency mining and exchange platform. The Abelian vision is to create a high performance, intuitive platform that caters to all miners, from hobbyist miners through to large-scale mining operations. By offering a unique turnkey solution with the ability for advanced user configurations, they aim to become a market leader within the mining industry, fostering healthy competition and driving innovation and growth.
For more information on Abelian, please visit www.abelian.tech
About Shyft
Shyft is building a blockchain-based ecosystem that allows for the secure and private sharing of data for industries, governments, and consumers. The ecosystem allows users to obtain, store and share compliance-satisfying data. Shyft’s ecosystem helps to streamline and reduce the amount of individual records that need to be collected while allowing for data monetization and the secure transfer of verified, encrypted attested data.
For more information on Shyft, please visit www.shyft.network
