Bains will help Cloud Nine to “align strategic opportunities, support future plans, and help advance the company’s ambitious roadmap to capitalize on the global ed-tech market

Cloud Nine Education Group Ltd () (OTCMKTS:CLGUF), which is planning a name change to , told investors Monday it was adding serial entrepreneur and blockchain expert Pavel Bains, the CEO and co-founder of Bluzelle Networks (Bluzelle), as a strategic advisor.

Bains will help Cloud Nine to “align strategic opportunities, support future plans, and help advance the company’s ambitious roadmap to capitalize on the global ed-tech market”, the tech group said. The global ed-tech market was valued at US$76.4 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 18.1% from 2020 to 2027, according to one report.

READ: Cloud Nine Education launches new Education Technology Platform

An investor in Defi, crypto, and fintech, Bains backed fintech startup Bench and virtual reality startup VR Chat, noted Cloud Nine. He has also been a speaker at conferences including the World Blockchain Forum and BlockShow and appears on CNBC.

Bluzlle is powered by blockchain and is a “decentralized database that solves the security, integrity and reliability issues facing data management”, added Cloud Nine.

“We are thrilled to have Pavel on board. His in-depth expertise in the space will help pave the way for our extensive roadmap of upcoming emerging technology products, including the proposed closing and launch of partner platform, Limitless Technologies, and the expansion of our partnership with Next Decentrum,” said Allan Larmour, CEO of Cloud Nine in a statement.

He added: “With Pavel’s background in consumer media and decentralized technologies, he can help shape Cloud Nine’s ed-tech platform and new developments and support its efforts to pursue Web3 opportunities on a global scale.”

Contact the author at giles@proactiveinvestors.com

(Excerpt) Read more Here | 2021-03-08 08:19:51
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.