UnitedCorp Announces Acceleration of its BlockchainDomesTM Program in Anticipation of an Expected Central Government of China
January 16 2018 - 09:35AM
InvestorsHub NewsWire
UnitedCorp
Announces
Acceleration of its
BlockchainDomes Program
in Anticipation of
an Expected
Central Government of China
Ban of
Cryptocurrency
Mining
Facilities
Miami, FL
-- January 16, 2018 -- InvestorsHub
Newswire -- Miami-based United
Blockchain Corp a wholly owned subsidiary of United American Corp
("UnitedCorp"), (OTC: UAMA) announced today that its Blockchain Data
Centers Inc. division has filed a patent application
(number
62/616,382) with the US
Patent and Trademark Office (USPTO) for
its
BlockchainDomes
Passive
Cooling Ground-Coupled
Heat-Exchanger technology
under the
invention title: SERVER FARM HOUSING, AND
VENTILATION/COOLING SYSTEM AND CONFIGURATION
THEREFORE.
The
company is planning to request
USPTO's
Track One
Prioritized Patent Examination
Program of
its recent
filed patent application in the
US.
A
similar
application is expected to be filed in Canada shortly. The US application
also establishes
a priority date with Canada and
all
countries that form part of the Patent
Cooperation Treaty.
The
recent Chinese government
crackdown cryptocurrency mining
facilities combined with the
high
level of
demand for cryptocurrency mining servers
which are
leaving
China
for
places like
Quebec, has prompted UnitedCorp to
reorganize and accelerate its current BlockchainDomes
program in
Quebec.
The
company as
announced last week the deployment
of
25
BlockchainDomes in Quebec beginning in this coming March
for a total
aggregated output exceeding 50 megawatts.
Each
BlockchainDome
can
be
erected the ready to host
mining rigs in
approximately 30 days.
The
Province of Quebec produces one of the most
reliable,
affordable and clean energies in the world.
The
Rate LG
which is
only accessible
to
large-power
customers with demands exceeding 5
megawatts with a price of energy of US$0.0276/kWh
(CD$0.0342/kWh)
and
a
monthly demand charge of
US$10.56/kW
(CD$13.11/kW).
'We are currently expecting a
mass migration of Bitcoin and
Altcoin mining equipment from China as central government
is preparing for the anticipated
ban of mining
facilities in the country." stated Benoit
Laliberte, UnitedCorp's
President. "We view this as a
positive action for the digital economy, as
it will help to rebalance
blockchains which is within the
objectives of this distributed and decentralized
technology."
The BlockchainDomeTM
whitepaper is
available at: www.blockchaindomes.com/whitepaper
About United American Corp
Established in
1992, United American Corp is a Florida-based development and
management company focusing on telecommunications technologies. The
company currently holds the rights to manage a portfolio of
patents and proprietary technology in
telecommunications, social media and more recently in Blockchain
PSTN technology. For more information, visit: www.unitedcorp.com
This
news release contains forward-looking statements that are subject
to various risks and uncertainties. The Company's actual results
could differ materially from those anticipated in such
forward-looking statements as a result of numerous factors that may
be beyond the Company's control. Forward-looking statements are
based on the expectations and opinions of the Company's management
on the date the statements are made, and the Company assumes no
obligation to update forward-looking statements should
circumstances in management's expectations or opinions
change.
Source:
United
American Corp
Contact:
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000
ext:
109
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