Val Bercovici

CEO at ChainKit
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  • The notion is that if you want to license capacity, that capacity is no longer tied to a piece of hardware -- that capacity doesn't have to be re-purchased after three years just because you are extending the software license. So as you are refreshing your hardware, for better rack efficiency, power utilization, etc, you can just re-apply that to the existing capacity that you have already purchase. It is kind of like software-defined purchasing if you will. It's a more predictable way to account.

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