Hello,
We are sharing CUBE's April 2018 Monthly Report.
April 2018: Monthly Report
4th April: Richard Biggs and Robert Cooke met with German Automobile company for a meeting in Berlin, Germany.
On 4th April, Cube held a meeting with a major German Automobile company in Berlin, Germany. We agreed to follow up the discussion in near future.
17th April: Signed a Joint R&D Contract for Big Data Application with MG Non-Life Insurance Co. Ltd.
We signed a contract with MG Insurance, a company with a total asset of 3.2 billion USD, collaborating a joint R&D for Big Data application. We are currently discussing future insurance products utilizing CUBE’s data, and insurance products specifically for P2P Car-sharing.
18th April: Spring Meet up.
On 18th April, CUBE hosted a Spring Meet up, held at Seoul Intercontinental Hotel, Seoul, Korea. The meeting presented our current business report and future plans, followed by the Q&A session with the contributors.
18th April: Richard Biggs Inaugurated as CEO.
Richard Biggs was inaugurated as Global CEO of CUBE Intelligence.
18th April: Announcement of Blockchain-based Car-sharing Business
CUBE has decided to participate in P2P Car-sharing. This Blockchain-based P2P Car-sharing will aid increase the demand for CUBE token. We decided to further increase the demand for CUBE token, AUTO, through launching the Big data application, Car-sharing, and Security businesses.
20th April: Presented 4 Research papers in CUBE’s special session, hosted by Korean Institute of ITS Conference.
http://brandplus.chosun.com/site/data/html_dir/2018/04/20/2018042001491.htmlResearch on CUBE’s security platform based on blockchain was presented at a special session in Korean Institute of ITS Conference 2018. The Korean Institute of ITS held a conference on the subject ‘SMART CITY’, and companies including CUBE, SK Telecom, LG Electronics, Naver along with government agencies including Korea Expressway Corporation and The Korean Transport Institute were actively involved in the Smart City transportation research. Smart City is a large-scale project that has been budgeted more than 500 billion Korean Won (approximately $470 USD) by the Korean Government.
23rd April: Consultation in progress with Korean Government-affiliated Research organization.
28th April: Invited to give a special lecture on Blockchain Security at Samsung Electronics.
On 28th April, CUBE was invited to give a lecture on Blockchain Security by the Samsung Electronics’ executives.
30th April: Signed a joint MOU with Dual’s Namsung.
CUBE’s collaboration with Dual’s Namsung, a company that supplies Smart Keys to Mercedes Benz. Namsung is listed on KOSDQA and holds 100% of Dual Electronics Corporation, US. Dual (
http://www.dualav.com/about/about.php) is a global company founded in Germany 1927 and is currently leading the automotive market in North America. (
https://en.wikipedia.org/wiki/Dual_(brand)
The two companies decided to jointly implement 3 main projects:
Through the joint development combining the technology of Smart Key, supplied to Mercedes Benz, and CUBE’s blockchain platform, we will guarantee a higher level of security service to automobile companies in the future. By 2020 in Europe, it will be mandatory for the automobile to have SOS buttons as a legislation has passed recently. Network security is becoming a necessity as the era is transitioning to connected-cars. We believe CUBE has the most advanced technology in this field.
A McKinsey report predicts that the automotive data business will grow between 450 and 750 trillion USD in the next 12 years, as car transition to connected-cars. CUBE
Business to produce, collect and sell data through CubeBox in North America. Namsung America will lead the automotive data business in North America.
Car-sharing Business in North America.
The two companies decided to pursue P2P business based on blockchain in North America. Currently, Dual is based in Florida, but for the launch of the car-sharing, we are reviewing California.
The two companies decided to organize a business team to propose detailed action plan in May and execute the project.
