Blockchain

3DOS Launching Decentralized “Uber for 3D Printing” on Sui

Grand Cayman, Cayman Islands, September 12th, 2024, Chainwire

3DOS chooses Sui as the exclusive blockchain partner to power its global decentralized peer-to-peer manufacturing network

Sui, a cutting-edge Layer 1 blockchain, announced a strategic alliance with 3DOS™, a leading innovator in decentralized manufacturing. The alliance promises to solve the coordination problems plaguing the $15.6 trillion global manufacturing market by coupling 3DOS’s expansive network of 3D printers, manufacturers, and customers with Sui’s advanced decentralized blockchain technologies. Sui’s industry-first zkLogin technology will make onboarding new users particularly easy for 3DOS by natively allowing millions of people to access the service using traditional social accounts like Google or Twitch.

Prior to engaging with Sui, the 3DOS founders pioneered one of the world’s first 3D printing operating systems and achieved remarkable results. So far, the platform has over 500,000 users, has manufactured 4.2 million parts, and has supported more than 15 million CAD designs across 120+ countries. Customers include John Deere, Google, MIT, Harvard, CalTech, UC Berkeley, Bosch, the British Army, the US Navy, the US Air Force, and NASA. These customers are currently being onboarded onto the network that 3DOS™ is building on Sui.

A heat map of 3DOS’s decentralized infrastructure, which is now migrating to the SUI Mainnet, with over 24,000 3D Printed NFT’s minted within a week since launch. Data as of Sept 9, 2024

The current partnership adds to 3DOS the redundancy, transparency, speed, and flexibility inherent in leveraging Sui’s industry-leading decentralized technology platform.

“At 3DOS, we believe that manufacturing should be decentralized. By tapping Sui to power our infrastructure, we now have the technology to enable this massive shift in our industry,” said John Dogru, Founder and CEO of 3DOS. “3DOS is a 3D Operating System, bridging the digital world to the physical world, allowing anyone to access manufacturing capacity and 3D printers anywhere empowering local producers and eliminating waste, inventory, and the carbon footprint associated with international shipping.”

Together, the technological innovations of the Sui and 3DOS combination will enable the massive global manufacturing industry to harness the power of localized production and eliminate the inefficiencies of high operational costs, and limited accessibility that currently plague it. The 3DOS/Sui solution addresses these continuing challenges and also vastly expands the world’s manufacturing potential by connecting siloed 3D printing capacity to massive demand around the world. In the process, the partners’ decentralized approach will reduce costs, democratize manufacturing, and open up new economic opportunities globally.

“Improving manufacturing processes is one of the world’s most important challenges, and the infrastructure that 3DOS is building on Sui marks a significant advancement that will catalyze economic growth and technological innovation,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs which developed the Sui Network. “Through this partnership with 3DOS, Sui is helping to create a global decentralized manufacturing network that empowers more individuals and businesses to participate in the production of physical goods.”

The 3DOS platform leverages smart contracts on Sui to eliminate the overhead typically associated with coordinating supply and demand, which traditionally requires thousands of employees at Web2 companies and banks. By programming governing rules and processes directly into Sui’s blockchain, 3DOS achieves near-zero human intervention and infinite scalability. This approach optimizes resource efficiency and enhances supply chain transparency, reducing waste, improving cost-effectiveness, ensuring quality assurance, and facilitating global collaboration—all while empowering a diverse range of creators and innovators.

Contact

Sui Foundation
media@sui.io

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Accredited Solutions Reaches Agreement With 100% of Promissory Note Holders for 60-Day Lock-Up and 6-Month Leak-Out on All Conversions

2024-09-18T12:00:00Z

NEW YORK, NY, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Accredited Solutions, Inc. (OTC: ASII) ("Accredited Solutions" or the "Company"), the parent company of Diamond Creek Water, is pleased to announce it has successfully reached an agreement with the holders of 100% of the Company’s outstanding variable price conversion securities for a 60-day lock-up and 6-month leak-out on all conversions, as an interim agreement toward full cash redemption.

This interim agreement marks a significant milestone in the Company’s path toward a complete redemption of all outstanding variable price convertible instruments, thus avoiding the issuance of significant additional shares. As part of the redemption plan, Accredited Solutions intends to use proceeds from its upcoming Reg A offering to redeem the variable price convertible securities, thereby avoiding any need for conversion into the Company’s common stock. This strategy is designed to achieve a much lower cost of capital and dramatically limit shareholder dilution.

"We are incredibly humbled by the renewed trust from our financing partners, who are now demonstrating their confidence in our long-term vision," said Eduardo Brito, CEO of Accredited Solutions, Inc. "This agreement is a testament to our strong relationships and commitment to creating shareholder value. The trust placed in us by our financing partners positions them for our exciting future, and we are excited about the path ahead as we work toward our 5-year growth strategy.” This favorable approach not only provides the Company with a cost-effective solution to manage its capital structure but also is expected to provide the platform for necessary capital for future acquisitions and organic growth. Accredited Solutions remains focused on its ambitious 5-year growth plan, which aims to achieve $750 million in annual revenue through both strategic acquisitions and organic expansion across its telco/fintech and beverage divisions.

“We’re excited to move forward with this flexible and highly supportive, balance-sheet-friendly plan,” Brito added. “These agreements set the stage for us to continue our acquisition strategy while strengthening our financial foundation. With the ongoing confidence of our stakeholders, we are firmly shaping our strategy on our way to achieving our $750 million revenue target over the next five years.”

Please be attentive to the 8-K filing relating to these agreements and stay tuned for exciting updates on our progress.

Relevant Links: https://www.diamondcreekwater.com

Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business, based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and the company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

Accredited Solutions, Inc. Contact: info@diamondcreekwater.com
Follow Us on: X (Twitter): @asii_Inc
Source: Accredited Solutions, Inc. https://www.diamondcreekwater.com


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