One Hour Translation CEO Ofer Shoshan says that the future is one of blockchain-powered translation pipelines where clients can view the entire process and trace issues to their root causes, addressing them more simply, quickly, and effectively.
Summa Linguae CEO Krzysztof Zdanowski teams up with TextMinded’s former CIO Robert Etches in an attempt to raise up to USD 30 Million by issuing a new cryptocurrency to fund a blockchain-based marketplace for linguistic assets.
Poland-based Summa Linguae spent USD 2m acquiring Kommunicera, an “almost identical” language service provider, to expand into the Nordics. CEO highlights investment in NMT, API integrations and Blockchain.
While neural machine translation is progressing at breakneck speed and is already impacting the world’s estimated 600,000 translators and 21,000 language service providers, blockchain technology is about to unlock the true value of millions of translation memories.
Slator readers do not see a significant impact of blockchain and cryptocurrencies in the industry just yet. A majority believes that RWS’s Moravia acquisition makes sense. Many are ambivalent about India’s market potential, and a majority says business has been good this year.
The world’s second largest cryptocurrency, Ethereum, is translating its website and community material into 15 languages, with the help of volunteer translators.
24-page report. Blockchain and Translation industry overview. ICOs, business use-cases, solution analysis, crypto chatter and further reading, a cautionary tale.
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