MeshBox is one of the most interesting blockchain companies in the world right now. The company just closed out an incredibly successful fundraising round, reaching a hard cap of 12,000 ETH in seconds at an oversubscription that saw capital volume to a multiple of more than six times the hard cap seek an exposure to the offering.
That’s a solid achievement and it’s one that really flags this company as one to watch in the space as things stand but, take a look what’s under the hood, and that the fundraising effort has been so popular is not particularly surprising.
MeshBox has designed and developed a technology that could solve the global problem of insufficient, unreliable or zero access to a reliable internet connection quickly and easily. This is a problem that behemoths like Facebook, Google and IBM have tried (and so far failed) to solve over the past decade or more and it’s one that could prove very lucrative for the company that finally cracks it.
With MeshBox’s technology, as supported by the company’s partner, SmartMesh, the technology of which serves as the layer on which the MeshBox hardware rests and relies, locations that currently have limited or no access to the internet can harness a mesh network to facilitate the connection, as well as to develop an internal, closed network that allows the transfer of data between connected devices. Blockchain integration facilitates the use of tokens as a means of payment for access to the network, access to content shared across the network, internet access and more.
This is all interesting and potentially game-changing in concept but concept isn’t what makes a company like this sell out on a $13.6 million (based on the 12,000 ETH hard cap mentioned above) fundraising in a matter of seconds.
Any great concept needs a great team behind it to ensure its success and MeshBox very much ticks this box. Harry Xiao is the founder and was an early investor in SmartMesh, 8BTC and a whole host of other successful blockchain projects. Henry Wang is an advisor to the company. He’s the guy that founded SmartMesh (prior to Xiao’s investment) and he’s also the President of the International Blockchain Application Federation, the Chairman of the AAMA Blockchain, and generally regarded a world leader in offline networking and social communications.
And the latest addition to this team is perhaps the most interesting.
MeshBox recently added blockchain incumbent David Cohen to its team of advisors.
Cohen is the Founder of Dcntral.ai, a game-changing autonomous machine economy software company, an Advisor to HashGraph, a data structure and consensus algorithm that has the potential to overcome some of the problems associated with development on the existing blockchain framework, and is a former member of IOTA. Cohen built the first commercial software platform called GridAgents™ based on intelligent agent technologies and has been building smart software systems for over 25 years. Cohen is also an integral part of the SmartMesh ecosystem, meaning his influence should be substantial as far as using the two technologies (the SmartMesh software and the MeshBox hardware) to tackle the above-stated aim of improving global connectivity is concerned.
Readers looking to find out more about SmartMesh can check out the company’s website here.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.
Image courtesy of University of Maryland via Flickr
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