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Cudos, the decentralized cloud computing network, and Tingo announced a partnership to enable millions of Nigerians to earn from their smartphones, Invezz learned from a press release.
A growing, scalable computing network
Cudos has more than half a million business and individual accounts, which are earning and contributing underutilized resources at the same time. The network is over two million times more energy-efficient than Ethereum (ETH/USD) and fully carbon-neutral. It attracted 22,000+ developers for its ongoing testnet ‘Project Artemis’ via ethical, robust technology.
Setting an industry precedent
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Cudos is the first blockchain to create a link between scalable computing and users through smart contracts. This lays the groundwork to provide the entire country with decentralized computing.
Partnership extends to 10 million Tingo devices
The partnership will affect almost 10 million devices across the Tingo network, enabling the creation of a distributed cloud for, run by, and paying Nigerians. After the US, Nigeria is the second-largest Bitcoin (BTC/USD). Tingo has plans to expand across Africa and South America after this partnership.
The partnership’s significance goes beyond financial freedom and inclusion. It brings environmental and social needs focusing on economic empowerment while limiting the impact of computing on the environment.
Pete Hill, VP of Sales at Cudos, commented:
Our vision of a “decentralized, sustainable and connected world where no computing is wasted” is coming to fruition with this new partnership with Tingo. As Tingo is in the process of listing its subsidiary company, Tingo Inc. on the New York Stock Exchange, it is refreshing to share the same ethos of creating technology and business models for the betterment of communities. Positive social impact is the driver behind this deal, providing financial security to millions of users initially.
Creating a fully inclusive digital ecosystem
Through the collaboration, people can run monetization applications on their smartphones. This will enable distribution of the Cudos technology to millions of smartphones to create a fully inclusive digital ecosystem. Farmers in Nigeria can use their phones to earn CUDOS.
Cudos will become a computing platform for institutes and universities in the country, decelerating migration into cities and helping rural dwellers with earnings.