Transitioning the Traditional Economy to the New Economy with Blockchain and Machine Intelligence Technology
TORONTO, Jan. 9, 2018 /CNW/ - Founding partners Globalive Capital, the founders of Mundo Inc. and VRG Capital today announce the launch of Globalive Technology Partners (GTP), a new company focused on disrupting traditional industries by solving real-world problems with blockchain technology. As an operating and investment vehicle, GTP is forming partnerships with select high-growth companies across a variety of sectors who recognize the strategic advantage of gaining a blockchain and machine intelligence lead to stay relevant in a technology-driven era.
Anthony Lacavera will serve as Chairman and CEO, supported by a leadership team with extensive blockchain, technology, investment and corporate governance experience. As Chairman and Founder of Globalive Capital, Anthony is best known for founding WIND Mobile in 2007, which became Canada's fourth largest wireless carrier before being sold in 2015 to Shaw Communications for $1.6 Billion.
"Blockchain investment is currently being driven by the price of bitcoin, when it should be driven by its potential to create significant value with real world applications. We need to think differently about blockchain and its ability to change how we discover, valuate and transfer anything," stated Anthony Lacavera, Founder, Chairman and CEO, Globalive Technology Partners. "We are focused on being the first to commercialize blockchain technology across a variety of industries most susceptible to disintermediation – cutting out the middleman."
GTP has secured its first commercial partnership with VIDL News, a transformational news technology platform co-founded by Gregory D'Alba and Globalive Technology Partners that will utilize artificial intelligence and blockchain technologies to report accurate global news events and incidents in an automated and real-time manner. Announced today at the Consumer Electronics Show, GTP will provide VIDL News with software to apply blockchain and AI. The partnership pipeline of GTP sees focus on developing software and hardware technology stacks that blockchain can operate within to either improve the performance of existing operations or create entirely new commercial opportunities and business models.
An initial round of $10 million in seed financing is currently underway. Globalive Technology Partners anticipates a public offering in mid-2018.
About Globalive Technology Partners
Globalive Technology Partners (GTP) is an operating and investment company that develops software and hardware technology stacks focused on commercializing machine intelligence and blockchain technology. This is done by making select investments in high growth companies to accelerate the rollout of blockchain and machine intelligence technologies throughout a variety of different industries. The company's founding partners are Globalive Capital, Mundo Inc. and VRG Capital. For more information, please visit http://globalivetechnologypartners.com.
Morgan Murphy, Account Manager, Smithcom Ltd.
SOURCE Globalive Technology Partners