First stand-alone software product: Scryptpool
October 4, 2021: Harmonychain is pleased to provide the following update on our software development: Harmonychain has launched its proprietary Scryptpool. The project is still in closed alpha, but technical architecture has now been completed, and the platform will be further developed over the next six months. A pool is a server-side software solution that allows miners to share the reward of offering their processing power to a given blockchain.
“We aim to create a scalable, modular solution, where over time we will be able to offer pool services for many Scrypt blockchains – both the more and less popular – without making it too technically complicated for the user,” comments CEO Ola Stene-Johansen.
“We use the best of existing technology, and our own experience from developing large telecom platforms to create a future-oriented, secure and scalable solution for miners. The technology is intended to be able to handle large traffic volumes for current and future mining hardware, including hardware we ourselves are developing », comments Lead Software Developer Arve Rasmussen.
About Harmonychain AS: Harmonychain develops proprietory blockchain software (Scryptpool mining software in closed alpha + cryptocurrency IPR) and hardware (Scrypt ASIC R&D in Lokotech AS + data center in Arctic Core AS).
We welcome international Data Centers wanting to relocate to Norway to contact us on firstname.lastname@example.org or tel. +4746290000 for frequently asked questions or assistance. As per October 2021, Norway has the cheapest electricity in Europe, substantially cheaper than Germany, France, and the United Kingdom. We are setting up a Data Center site in Norway through our subsidiary Arctic Core.
The Lokotech goal is to offer a Scrypt miner with a higher hash rate, lower power consumption (0.099 J/MH) and lower price than competitors.
Research Council (SkatteFUNN) application approved
July 29, 2021: Lokotech AS, a wholly owned subsidiary of Harmonychain AS, was today informed that their SkatteFUNN application has been approved by the Research Council of Norway. The application covers research and development costs associated with Lokotech’s main R&D project. The grant amounts to up to 19% of project costs of up to NOK 25 million per year.
China’s first Central Bank Digital Currency (CBDC) Yuan insurance policies have been issued in Shenzhen, South China’s Guangdong Province, in what analysts describe as another major step forward in the broader deployment of China’s digital currency. China issues CBDC Yuan special deals through the Chinese official digital currency.
Harmonychain is a diversified blockchain company that focuses on sustainable blockchain systems
Harmonychain is listed on the Euronext Growth Oslo Stock Exchange. The management and board have experience from the IT sector, the strategy department in the Research Council of Norway (NTNF), as well as academia and finance. We focus on environmental improvements (reduction of energy consumption and CO2 emissions) in blockchain accounting. Harmonychain has launched its proprietary Scryptpool, and also owns 100% of the subsidiaries Lokotech AS (Scrypt ASIC) and Arctic Core AS (data center). Our low-energy microchips can potentially also be used in artificial intelligence (AI).
The Harmonychain group has comfortable liquidity. As of 15.9.2021. Harmonychain had NOK 83 million in bank deposits adjusted for purchase price of data center property.