Truuli and GoodBlock Announce Partnership

Truuli and GoodBlock Announce Partnership

Truuli™ and GoodBlock® Partnership Brings Carbon Neutrality in Cloud Computing and Storage

GoodBlock® Technologies Inc, a trailblazer in cloud computing and blockchain solutions, has executed a deal to collaborate with Truuli Environmental Inc, a distinguished leader in integrated enterprise decarbonization, which marks a significant step towards establishing a pioneering carbon-neutral cloud computing solution that combines cutting-edge technology and sustainable practices certified by leading carbon offset registries.

By partnering with Truuli, GoodBlock can help companies comply with expanding government decarbonization requirements and realize income from the incentives of recent US laws including the Inflation Reduction Act of 2022, the Bipartisan Infrastructure Law of 2021 and Executive Order 14057, which establish new incentives and mandates intended to significantly reduce greenhouse gas emissions, primarily carbon dioxide, which are the leading cause of global warming. In addition to the US Federal Government, 22 states, plus the District of Columbia and Puerto Rico, have goals to reach 100% clean energy between the years of 2032 and 2050. 

“Governments are implementing climate change incentives, at last, but without certified service providers across many industries, organizations will struggle to meet those commitments,” said GoodBlock CEO, Douglas Horn. “By leveraging Truuli’s expertise, we will provide the cloud computing services organizations require with the certified decarbonization they need to embrace these regulations and thrive. As one of the pioneering cloud computing providers certified under the UN decarbonization registry process, we are poised to be at the forefront of this industry transformation.”

According to Fortune Business Insight, the global cloud computing market is projected to grow beyond $677 Billion by the end 2023. Experts are predicting that the growth rate will continue to rise, exceeding $2 Trillion by 2030. GoodBlock recognizes a significant opportunity to help organizations reach compliance with these new government-mandated decarbonization goals. GoodBlock is on track to be the first company in the United States to offer a UN Carbon Registry-certified decarbonized cloud computing solution.

Truuli works with businesses to calculate their carbon footprints and financial impacts and develop custom emissions reduction plans to lower its impact and earn carbon credits. Truuli helps monetize those credits in the marketplace to maintain the business’ decarbonization plan. Truuli clients can realize cost savings, reduced environmental impact, regulation incentives income and increased consumer demand.

GoodBlock’s mission is to build new technological systems that empower new solutions to previously intractable problems, including climate change. This partnership is an embodiment of that vision. GoodBlock’s certified decarbonized cloud computing offering will provide businesses with seamless access to cloud storage and computing resources previously only available through uncertified providers. The new offering builds on GoodBlock’s extensive experience in computer networks, including the development of the dStor® decentralized cloud storage, currently in beta release.

Truuli drives carbon neutrality across diverse sectors, to include energy, manufacturing, agriculture and food, construction, and beyond. With this partnership, Truuli will be able to present a new class of certified decarbonized cloud computing services to its customers to help them reach their own decarbonization goals. Computing is a critical function of most industries and can represent significant energy utilization that was previously difficult to address in a certified manner.

“Decarbonization and carbon neutrality are more than just industry buzzwords. They represent a company’s commitment to addressing global challenges and building a sustainable future. At Truuli, we are excited to partner with GoodBlock in their journey towards carbon neutrality, leading to innovative, advanced, eco-friendly product options for their customers,” says Livio Stan, CEO of Truuli.

This collaborative effort between GoodBlock and Truuli reflects a shared commitment to harnessing the potential of technology for the betterment of the planet. By uniting forces, both companies are poised to set a precedent for sustainable practices within the tech industry.

For media inquiries, please contact:

 Sean Anderson

Head of Growth at GoodBlock

sean@goodblock.io

 About GoodBlock Technologies Inc.:

GoodBlock Technologies Inc. is a pioneering company at the intersection of blockchain and cloud computing. The company is dedicated to providing innovative solutions that empower individuals and businesses to leverage advanced technology for positive global impact. With a mission to promote sustainability and foster decentralized empowerment, GoodBlock is at the forefront of shaping the digital landscape for the betterment of society.

GoodBlock Resources and Social Media:

Website: https://goodblock.io/
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
Telegram: t.me/goodblocktls

 About Truuli Environmental Inc.:

Truuli Environmental Inc. is a visionary leader in integrated enterprise decarbonization. The company specializes in quantifying carbon footprints, devising custom emissions reduction strategies, and guiding businesses towards carbon neutrality. Truuli’s expertise lies in its ability to convert sustainable practices into tangible results, enabling companies to navigate the path towards a more eco-conscious future.

 Truuli Website: https://www.truuli.com/

AWS Outage Causes Huge Revenue Loss

AWS Outage Causes Huge Revenue Loss

On Tuesday, June 13th, Joshua St. James, co-owner and chef at Valiant the Sandwich in Salem, Oregon received some terrible news on his day off. His leads informed him that their online system wasn’t working, and they were having all kinds of problems. Little did they know, Amazon Web Services had crashed, and they were among thousands who were impacted. The outage lasted several hours.

Valiant the Sandwich opened in May 2020, “in the middle of a freaking pandemic,” as St. James puts it. The restaurant features gourmet sandwiches, a rotating menu, and a full bar. Early in the pandemic, St. James worked 14-hour days, prepped and cooked the food himself, while manning the counter. They’ve been popular since the beginning, and online orders have always been a major part of their business. Due to the centralized nature of Amazon Web Services and the vast number of entities that rely on them, an outage from the central hub can have wide sweeping impacts.

“I didn’t know it was an AWS issue,” St. James said. The outage took place right in the middle of lunch time at the local sandwich shop. On the weekend, most orders are in-house, but in the middle of the week about 50% of their lunch orders are online — and they weren’t coming in. Valiant’s website is hosted by Toast, a point of sale (POS) service which is running on AWS.

When St. James looked online, he wasn’t able to place an order. He explained, “Online orders at lunch on a Tuesday are crucial. Half of the orders at the particular time of day are online orders, so the revenue loss is significant. It created a massive issue for that particular day.”

He also could not get in to ensure the third party orders, like DoorDash, GrubHub and UberEats, were coming through. “When I called the service desk at Toast, they couldn’t even look at my account. They had no idea what was happening. They couldn’t see anything on my end or do anything for anybody,” St. James reported. Wondering if others were suffering the same, St. James contacted a few other colleagues around town who also used Toast, and they were all having the same trouble.

“For us on the west coast in the middle of lunch time… there’s thousands and thousands of restaurants that use this service.” (62,000 in the US, as of March 2022.) Even if places had a 10% reduction, as opposed to a 50% reduction [in revenue], that’s a massive amount of loss,” he said.

Restaurants often have pretty slim margins as it is. “They have staffing they have to pay for, and they need every one of those sales. Especially restaurants like ours — we never had a lot of money behind us, and that rolls into payroll….Even $500 makes a difference in a restaurant like ours,” St. James disclosed. The restaurant’s payroll was due to come out that week, as well, adding additional stress.

Toast has redundancies built in for outages, which is great for online orders, but St. James couldn’t even get into the backend to assess or make a plan. He never expected he would have to worry about this kind of downtime. “Those of us that have been doing this for a while oftentimes fix things with the tools that we have, but that eliminated any other tools that we had,” he said.

When asked about choosing a different provider, he said there are no options. “It’s pretty much the industry standard — that particular company, they’re some of the best,” he said. There are other POS processing companies, such as Square, but like Toast, they are attached to AWS. “For them it’s a bigger issue because they’re the ones that really don’t have any options, but that, in turn, hinders what kind of protection they can offer,” St. James concluded.

Compared to large corporate entities, the implications of this sort of disruption are incredibly significant for small businesses. Those are the risks businesses are currently accepting when depending so heavily on a single tech giant. Which is why many are currently seeking decentralized alternatives in the world of Web 3, such as solutions integrating blockchains in the Antelope Coalition, which boast greater security, privacy and control of data.

Antelope coalition chains, Telos, the UX Network, WAX and EOS all have documented TPS (transaction per second) speeds ranging from a minimum of 4000 TPS to over 30,000 TPS. In addition, the Antelope Coalition has the benefit of Trustless IBC (inter-blockchain communication) which can provide unlimited TPS and scalable solutions via horizontal scaling. These are the numbers needed for a POS system to work effectively in the real world. With Trustless IBC, app developers are now building high-performance solutions in the Antelope Coalition.

Because of the fundamental technological nature of Web3, the Amazon crash that negatively impacted so many businesses like Valiant the Sandwich on June 13th, will become a thing of the past for businesses utilizing apps built with technology similar to what is being built by developers in the Antelope Coalition.

 

 

GoodBlock Technologies is an app developer and Block Producer candidate on the Telos Blockchain Network, with a focus on 2 of the pillars of Web3.0; Governance (decidevoter.app) and Decentralized Cloud Storage (dstor.cloud). Vote for goodblocktls, and learn more at goodblock.io.

Telos is a cost-effective, energy efficient, fast, and scalable DPoS blockchain that has been operational for over 2 years. The Telos blockchain has leading on-chain governance (Telos Decide), and is built and developed by a core development team using the EOSIO codebase.

GoodBlock Resources and Social Media:

Website: https://goodblock.io/
Twitter: @goodblockio
Medium: https://medium.com/goodblock-io
Telegram: t.me/goodblocktls