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Over six years ago the Founder & CEO of Yotta Labs, Gary Spence, started to solve a problem of data security and data provenance. After many years of designing systems for the supply chain industry Gary initially set out to design a system that allowed everyone in the supply chain a clear and transparent ledger system.
He called his first research ‘field to fork’. This set out his first vision and, due to the research findings, he also established that many other processes could also benefit from a distributed ledger system. He researched the way data was stored and designed a whole new revolutionary system of which he calls Yotta Cube (named Yotta3).
Yotta3 enables the data to be stored in a safe and secure manner using sharding and encryption, but what is truly revolutionary is how Yotta3 can scale at a rapid rate due to the fact that a traditional data centre is not required. Gary then continued to research and design another 150 use cases which each having the potential to make a life changing impact around the world.
Gary brought in the expertise of Prof. Elhadj Benkhelifa and the two data scientists have worked to develop and test his vision and have enhanced the products to what we have ready to develop today. Many thousands of hours of research have been applied including high level of research from PhD. and Post Doctorate research and he is now opening the opportunity to take his vision to the wider market.
To be a global leader in the development of Blockchain SaaS applications, products and to build the world’s largest decentralised data storage system giving everyone access to safe data storage.
To be a world-leading provider of technology products, Blockchain SaaS applications and Blockchain Data Storage, and life-changing developer of Artificial Intelligence and Internet of Things’
Being ethical, honourable, and full of integrity by being accountable to each other for Not imposing a hierarchy but valuing individuality.
Having an open and honest culture to be able to be challenged by listening to other points of view and accepting the challenge as a positive step to making the company better.
Having clear lines of communication between different teams by appointing team captains to represent the opinions of their team.
Always striving to go from being merely competent to becoming exceptional by exploring different and better ways of doing things.
Being intentional by knowing the products, markets, values, goals and strengths and weaknesses and always pushing the boundaries that define a traditional company.
Helping others by developing innovative products and applying our values inside and outside our company.
Having a ‘Can Do’ attitude by displaying positivity and working to develop products that currently do not exist.
Being consistent by following our Mission Statement and Values and bearing the Business Plan in mind at all times.
Having the courage to change things that are working by constant reviewing and reflecting on processes.
$14.5 billion: A data-center-in-a-box? That’s the idea behind the microdata centre (a self-contained, stand-alone rack-level system for the edge). Such micro data centres are an emerging component of the edge ecosystem, and the market for them will leap from $3 billion in 2018 to nearly $15 billion by 2025, according to a 2019 Global Market Insights report.