NEWS/EVENTS

LR Data launches EOS Philippines, marks entry into blockchain tech

By: Business Mirror

11 months ago

LR Data Center & Solutions Inc. (LR Data), a corporation with deep experience in regulated online gaming communities in Asia, has launced EOS Philippines. EOS Philippines is the first EOS block producer in the country. It aims to support the EOS global network and infrastructure, which is one of the top 5 digital tokens in the world.

EOS is a blockchain-based, decentralized operating system designed to support commercial-scale decentralized applications by providing all the necessary core functionality, enabling businesses to build blockchain applications in a manner similar to that of Web-based applications.

With popularity and interest in distributed ledger technologies, “blockchain,” rising, EOS pursues a vision and design that solves many of the issues that hinder people from adopting blockchain solutions. Some of the developments EOS has made include designing their system to process a high number of transactions per second, fee-less transfer and remittance transactions, decentralized block production—utilizing proof of stake instead of proof of work and adopting a more democratic and community-based governance.

Enrique Y. Gonzalez, Vice Chairman of LR Data Center Solutions Inc. expressed optimism on the opportunities facing the platform and new form of digital transaction to the country. “With the launch of EOS Philippines, LR Data is at the forefront of infrastructure provisioning and supporting decentralization and democratization. Financial technology and blockchain is going to be a pillar of our business model moving forward.”

Javier L. Benitez, community head of EOS PH, said it is relevant and important for the Philippines to embrace innovation. “The next wave of disruptive applications may be by utilizing EOS technology. We have made strategic plans of positioning the Philippines to fully benefit from this.”

LR Data is the dominant information-technology (IT) and T provider to the online gaming space, and offers this demanding client base 99.99-percent uptime and absolute reliability and customized offerings. EOS Philippines leverages LR Data’s expertise in managed IT services, international Internet protocol communications, bandwidth and traffic management, DDOS detection and mitigation, server hosting and equipment colocation, disaster recovery of management systems, as well as all of the finance and back office systems necessary to support these activities. It provides data-center facilities using its own fiber connections to multiple landing stations, and owns capacity on seven submarine cables.

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