Press Release: February 05, 2019
BUZZcoin cryptocurrency and Pollenity IoT join forces to accelerate data gathering and promote ethical beekeeping practices.
Maui, Hawaii, February 05, 2019 -- For decades mankind has known about the threat to the planets bee population, yet progress in halting the extinction of this vital creature has been slow. In the US/Canada alone over one quarter of bumblebees are on the brink of extinction, and up to 30% of honeybee colonies are lost annually. Domesticated honeybees are the ideal medium for gathering data on the species, however data collection has been slow and limited to only the largest beekeepers.
BUZZCOIN Inc. - a non-profit blockchain technology corporation supporting the global effort to save the bees by providing collected data to scientific projects and organizations - announced this week that it has partnered with Pollenity (formerly Bee Smart Technologies), the world's most advanced remote beehive monitoring technology provider, to create a blockchain implementation that aims to help save the worlds declining bee population.
The BUZZCOIN / Pollenity alliance is one giant leap in the race to save the bees by integrating Direct-to-Satellite IoT technology into the BUZZCOIN™ Hive Mind Device (BC-HMD™) reward system and BUZZCOIN™ Hive Mind Network (BC-HMN™).
Through existing Pollenity PCB's, BUZZCOIN gains access to the latest Hiber® satellite up-link technology which allows for remote location data upload, increased reliability, and less interference with the bees navigation system. The partnership will utilize Pollenity's proprietary sensor devices and BUZZCOIN's unique blockchain technology and cryptocurrency to create a worldwide reward-based network, BUZZCOIN Hive Mind Network (BC-HMN™), for gathering beehive data.
In contrast to the antiquated methods of collection which predominantly relied on printed submission sent in only once per year, the beehive information from the BC-HMD is sent electronically and compiled on the BC-HMN to be accessed as needed. Previous data collection methods required a minimum number of hives in order to participate, creating a narrow view of bee health - primarily of commercial establishments with their specialized treatment approach.
BUZZCOIN™/Pollenity beekeeper subscribers will be presented with the opportunity to create an additional revenue stream for their beekeeping operations regardless of how many hives they have. In addition to being rewarded for the lifesaving data these smaller beekeepers will be providing, they will also receive updated ethical treatment methods and vital statistics about their hives via an app.
"This is a very important strategic partnership for both our companies as it leverages on the key areas of expertise in which both Pollenity and BUZZCOIN excel. This confluence of innovative technologies will set an unprecedented example for sustainable beekeeping and may very well propose a standard for the broader agricultural sector." said Sergey Petrov, CEO of Pollenity.
"With the insect world under attack, there is no time to lose. Those of us in the tech sector have the means to accelerate this effort, and by partnering with Pollenity we can deliver actionable data more quickly. Domesticated honeybees are the proverbial 'canary in the coalmine' and may hold the key to reversing the insect apocalypse." said Maxim Polyarniy, Team leader of BUZZCOIN.
Pollenity, developer of the world's most advanced beehive monitoring technology, allows beekeepers to improve the health of their honeybee colonies by providing them with real-time data and analytics from inside the hive. They can follow the suggestions and alerts from the AI-powered system directly or share the information with online communities to help them better understand the intricate or geo-specific conditions for a particular honeybee colony without having to leave their home or perform stressful unnecessary manual check-ups on their hives. Data and personal findings of Pollenity's users can help researchers better understand the global honeybee crisis and create sustainable beekeeping practices for insurance of the global food supply.
Since its founding in 2015, Pollenity (previously Bee Smart Technologies) has been named Best IoT Startup in the Central European Startup Awards 2017, has been included to the list of IEEE's N3XT Stars 2017, won the Health and Environment track at the World Summit Awards, Google's "New Europe 100" innovative startups and has received media recognition from numerous international media such as BBC and Financial Times.
For more information about Pollenity visit:
BUZZCOIN™ is a non-profit blockchain implementation that aims to help save the worlds declining bee population. By implementing blockchain technology into existing beehives BUZZCOIN™ will create a worldwide data network that collects beehive health data, fostering an international collaboration by incentivizing beekeepers with rewards that are not limited to political boundaries. The project brings together a diverse group of experts, developing a smart hive device prototype that will soon enter its official field testing phase.
For more information about BUZZCOIN™ visit:
https://www.buzzcoin.info/wp.pdf [BUZZCOIN White paper]
P.O. Box 12626
Lahaina, HI 96761
For more information, please contact:
Visit the newsroom of: associate14