Secretive bitcoin startup 21 Inc has performed tests illustrating how its technology could enable machine-to-machine bitcoin transactions as part of a company overview created during the fundraising of its latest $75m Series C.
In its pitch, 21 Inc, then still operating under original moniker 21e6, showcased both slides and video that demonstrate how bitcoin could be used to facilitate real-time marketplaces for Internet bandwidth. Using three proxy users, a Vimeo demonstration (now removed) outlines how a service can parcel out its download capacity through the use of bitcoin payments.
SOURCE:
http://www.coindesk.com/21-intel-bitcoin-mining-strategy/