Nvelop Acquires R3V.Lab Da Nang, Vietnam June 24 2020:
Nvelop has signed an MoU with R3vlab to acquire their Vietnam R&D and hosting facilities and to strengthen it’s presence in SE Asia.
R3V.Lab, a Da Nang-based technology development company has now signed a Memorandum of Understanding with UAE-based blockchain firm Nvelop, which establishes R3V.Lab as Nvelop’s Research and Development partner in Southeast Asia.
Under the new relationship, R3V.Lab will continue to develop its innovative blockchain technology, Proof-of-Capacity consensus algorithms and its AI-883 FPGA based blockchain accelerator.
As part of this expansion, R3V.Lab will continue to build out its digital banking, crypto exchange and blockchain infrastructure for the UAE and the Middle East.
This technology focuses on consumer privacy as homomorphic encryption in the banking sector.
R3V.Lab continues to distinguish itself as a leader in cutting-edge Proof-of-Capacity blockchain technology. This agreement marks a significant step forward in growth of Nvelop and R3V.Lab.