The CloudCoin Consortium was established in 2016 to manage and oversee the development of CloudCoin, a digital currency created by Sean H. Worthington. The company's mission is to provide a "perfect" monetary system that is theoretically secure, private, scalable, and requires no public ledgers, accounts, or encryption. Unlike traditional cryptocurrencies that rely on blockchain technology, CloudCoin is based on the patented RAIDA technology, a distributed authentication system designed for speed and data integrity without the overhead of mining or a decentralized ledger. The Consortium is responsible for setting standards, developing software, and promoting the adoption of CloudCoin globally.

Founded in

United States