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Reports Suggest $2 Billion Dfinity Blockchain is Right on Schedule With Its Pending Q2 Test Launch

Reports Suggest $2 Billion Dfinity Blockchain is Right on Schedule With Its Pending Q2 Test Launch
  • Dfinity’s executive brass recently issued a statement claiming that the firm was speeding up its ongoing hiring efforts and was also in the process of testing a beta version of its upcoming offering with a small group of independent developers.
  • If everything goes as per plan, it is being estimated that Dfinity’s internet computer will be available for a live public preview within the next 2-3 months.

Swiss tech firm Dfinity — that is currently valued at over USD $2 billion — is reportedly on track to create the world’s first ‘Internet Computer’. In regards to the matter, it is being reported that the launch of the system’s test network will take place as scheduled (i.e. sometime during Q2 2019).

At this point in the article, it should be pointed out that Dfinitiy’s executive brass had previously announced that their aforementioned offering would be released sometime during the first quarter of the year. However, these plans had to be scrapped since the firm announced later that it needed to “concentrate its resources” and thus would have to push back the launch date for its ‘internet computer’.

On the subject, company president Dominic Williams was quoted as saying last December:

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“We decided against launching the cut down version of the internet computer because supporting it would have taken too many resources away from the main launch. The target now is to release a fully functioning [test] version.”

However, a spokesperson subsequently stated that a

“full, open-source launch of its software development kit (SDK) would be released by late Q2”.

Other Details Worth Pointing Out

  • Upon its launch, Dfinity was able to raise a whopping sum of $190 million for its governance tokens.
  • Investors included big name players such as Polychain Capital, Andreessen Horowitz, and Multicoin Capital.
  • During a recent interview with CNN, Williams told the global media outlet that he hopes to “revolutionize software dev, solve existing security issues, reduce the cost of IT, as well as build autonomous software that can fuel a more open internet”.
  • Some of the engineers currently working for Dfinity include established crypto/blockchain personalities such as Jan Camenisch — who prior to joining the firm served as a Principal Research Staff Member at IBM, Mack McAuley — who previously worked for Facebook and Microsoft.

Final Take

In closing out this piece, it should be pointed out that Dfinity’s principal rivals at the moment include established cloud computing giants such as Google, Amazon, Microsoft. It now remains to be seen how the future of the firm plays out from here on end.

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