MyBit signs partnership with smart tech innovator, Ability Concept.
Today, we’ve got an exciting announcement to make — and it’s one we’re sure the community is going to get excited about.
Back in December last year, we announced our partnership with Arabco, a leading smart technology provider headquartered in Dubai. Since then, we’ve been working tirelessly to build on our progress so far. And today, we’re proud to announce an exclusive partnership with Ability Concept, a smart bench and hardware sensor platform provider based in Prague.
This means we’re now partnered with smart bench providers across the Middle East and Central Europe. Two of the biggest markets for smart benches in the world right now. And we’re in prime position in both.
We’re particularly excited to be working with a smart tech company in Central Europe, especially Prague. Prague is an amazing place for crypto projects. From Trezor, the original Bitcoin hardware wallet, which was founded there, to Slush Pool, the world’s first Bitcoin mining pool. There’s also Paralelni Polis and the Institute of Cryptoanarchy, which is driving thinking in the cryptocurrency space. Right now, Prague is a hotbed for all things blockchain.
For the long-term vision of MyBit, this partnership is great too. Ability has the most durable and innovative smart benches on the market and through the MyBit platform, they’re going to be able to scale up rapidly. And their product is massively scalable.
Smart benches are the future. Cities are rapidly changing, especially when it comes to smart tech. Sustainable products, harnessing renewable energy and solar power, and the demand for smart, connected cities (think public charging and Wi-Fi) are growing year on year. Even the way local governments procure and maintain their benches can be revolutionized — with investors providing the funds, rather than taxpayers.
Ability’s SmartBox could be used for monitoring air quality, water levels , gas industry monitoring etc. etc. Technically, it is the green technology helping to protect our environments. Ability
Ability’s products are perfectly placed to take advantage of this new future.
What’s more, it’s a win-win. For the MyBit community, this partnership will provide a strong return on investment while giving a boost to our core principles of alternative assets, decentralised investing and sustainability.
Currently, Ability can place benches in nearly every location in Europe. Using the MyBit platform, users can invest and own a share of one of these smart benches. Then, any revenues generated (such as Wi-Fi subscriptions and ad revenue) are automatically distributed straight to investors using Ethereum smart contracts. And so investors on the MyBit platform reap the rewards, not some investment fund or conglomerate.
It’s another step towards a future where decentralised investments are the new normal. And you can own the future too — with MyBit.
