Mashinsky was inspired to start the company after a car he had reserved for himself and his wife failed to pick them up, along with a business associate he was trying to impress, from the airport. The company allowed people to book limousine and car service from a smartphone or computer. In 2005, he sold his stake in Arbinet and used part of the profits from the sale to start GroundLink. In November 1997, Arbinet began offering a similar service for data connectivity, allowing the more than 400 T1 lines connected to its New York hub to exchange their unused bandwidth. The platform was one of the first to allow telecommunication companies to trade minutes. So, in 1996, Mashinsky founded Arbinet, a marketplace for VOIP telephone service. By 1993, Mashinsky had realized the potential for a commodity market for international telephone capacity. In the early 1990s, he founded VoiceSmart, one of the first companies to offer computer-based VOIP phone service. He was also an early developer of Voice over Internet Protocol (VOIP).
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Mashinsky then worked at A+ Systems, a computer-based voicemail software company for phone carriers. However, after the Tiananmen Square protests of 1989, the business slowed as exports of sodium cyanide from China fizzled. Career Īfter relocating to New York City, Mashinsky ran a business trading contracts for delivery of chemicals such as urea, gold, and sodium cyanide. At the end of the 1980s, he left Israel and moved to the United States. Mashinsky attended a few different universities where he majored in electrical engineering but did not graduate. From an early age, he was a tinkerer, like his father, and would tap into and use public phone lines in Israel. Mashinsky was born in Ukraine and grew up in Israel. He serves as CEO of the Celsius Network which is a CeFi lending platform operated by use of blockchain technologies. From 2014 to 2015, Mashinsky served as CEO of Novatel. He was also the founder of Q-Wireless, which later became part of Transit Wireless. Mashinsky founded GroundLink in 2004 as a service to book an on-demand limousine and car services from a computer or smartphone. Mashinsky's' other company, VoiceSmart, was one of the first firms to offer telecommunications switches to handle ordinary voice as well as Voice over IP call routing. Named on over 50 patents, he founded Arbinet in 1996 as a commodity exchange for telecommunication companies to trade unused long-distance minutes. October 5, 1965) is an American entrepreneur and inventor who has founded several notable technology firms in the United States. You need to dive explore key differences mainly between Bitcoin and blockchain to clear any confusion.Alex Mashinsky (b. Hence, to understand that is quite better for the business operations. This is based on individual requirements. However, both have quite distinct functionalities that may prove to be helpful for business leaders. How the complete confusion started? Bitcoin as well as blockchain getting use exponentially in businesses for great variety of cases. However, as Bitcoin is initial project on blockchain, people usually mix up for the together. The technology of blockchain gets wrapped together and start being the addressed as similar solution. At the time of launching of Bitcoin as the open-source code. However, they are distinct in the nature though they are closely related. There are various investors who consider Bitcoin and blockchain to be same things. The much prominent debates are for similarities and differences between blockchain technology and Bitcoin. However, there are various controversies which are revolving around the industry. With an emergence of decentralized landscape, because of blockchain technology, key cryptocurrencies such as Bitcoin have attained great popularity among the investors. The popularity related to bitcoin and other digital cryptocurrencies has experienced the substantial increase in the recent times. These have been well revolutionized with base of traditional economy and finance. The cryptocurrencies are the digital currencies such as Bitcoin. Accompanying Blockchain Technologyįor accompanying the block chain technology, it comes through cryptocurrency. Bitcoin is first and most leading cryptocurrency of the world. As many businesses are now adopting the technology of cutting-edge, enterprise leaders renovate the strategies of traditional business to gain clear edge in competitive market and also keep up with increasing customer demands. Especially, for IT & tech businesses, integrating the technology of blockchain has now quite crucial part of the automating processes of business flawlessly. The Blockchain technology has attained great momentum in marketplace.