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AXEL Go Blockchain App Joins Clio’s Global Platform of Legal Technology Solutions

AXEL, the leading technology company optimizing data privacy and security through its enterprise software solutions, announces that its AXEL Go app, the secure cloud-based file sharing solution for legal professionals, is now available through Clio, the world's leading provider of legal technology. Starting today, Clio's 150,000 users can collect and share files of any size, all within the Clio platform using AXEL Go, the secure file sharing and transfer software. 

 AXEL Go's unique security features can provide stringent defense against cyberthreats, while also helping to maintain proper workflow management. With its newly launched metadata preservation feature, AXEL Go is a defensible, cost effective and easy-to-use option for legal professionals to collect evidence, while preserving crucial metadata and for smaller document collections, AXEL Go eliminates the need for costly forensic examiners. 

“We're excited that Clio's legal professionals can now experience AXEL Go and benefit from this intuitive and secure software that addresses their most important cybersecurity issues,” says Ben Ow, President and CTO of AXEL. “According to the ABA TechReport 2021, 25% of respondents reported that their firms had experienced a data breach at some point. AXEL Go is an easily implemented solution to help legal professionals organize their digital workspace, as well as keep their clients and practices safe from security risks.”

 Clio, the most connected legal technology, is transforming the legal experience for all through cloud-based and client-centered solutions that integrate with 200+ apps. Firms of all sizes and practice areas use Clio to manage firm operations, improve client experiences, streamline billing and payments, and automate legal documents—saving lawyers valuable time and resources. 

 “AXEL Go deeply aligns with Clio's values of delivering cloud-based and client-centered technology for legal professionals— securely and from anywhere,” says Jack Newton, CEO and Founder of Clio. “This integration furthers our dedication to helping app developers build new experiences, launch their app with impact and reach more customers. We're thrilled to work with the whole AXEL team to bring this exciting integration into the Clio app ecosystem.” 

 While designed to be user-friendly and easily implemented for individuals and businesses of all sizes to protect data privacy and security, AXEL Go offers significant value to the legal industry in particular, where unique ethical, legal and confidential considerations are a major part of their day-to-day business. Built with blockchain technology and military-grade encryption, the mobile, desktop and web applications include a digital safe for highly sensitive documents with no size limits when sending or sharing files. 

 When files are shared with AXEL Go's secure sharing, they are split into small “shards” and distributed to various servers closest to the recipient. This process, which uses the same encryption technology that government agencies and the military use to secure their most confidential files, has no file size limits, doesn't require the other party to have an AXEL Go account to receive files and greatly reduces the risk of a data breach when the files are in transit. Users can also access reporting to show when their shared files were viewed and downloaded. And with the “Secure Fetch” feature they can also proactively request files from others through a secure channel with just a simple link, and in turn, recipients of a Secure Fetch link don't need an AXEL Go account to send any number of files or volume of data back. 

 The addition of AXEL Go to the Clio Manage platform follows AXEL's growing presence in the legal industry, including partnerships with The Florida Bar, CalBar Connect in partnership with The California Lawyers Association, and the ABA Solo, Small Firm and General Practice Division (GPSolo)

About Clio 

Clio is transforming the legal experience for all by creating the worldʼs leading cloud-based technologies for law firms—to keep lawyers and their clients better connected throughout the legal process. Firms of all sizes and practice areas use Clio products—Clio Manage, Clio Grow, and Lawyaw—to manage firm operations, streamline billing and payments, automate legal documents, and improve the client experience. Following its UA$250M Series D funding, led by TCV and JMI Equity, and its US$110M Series E investment, led by T. Rowe Price Associates, Inc. and OMERS Growth Equity, Clio has made history by becoming the first legal practice management unicorn in the world. Learn more at clio.com

 About AXEL 

AXEL believes in a secure internet for everyone, and that private information is private property. The company continues to expand its suite of affordable, patented technology solutions for data privacy, data security and data custody for businesses and individuals. Available to legal professionals around the world through The State Bar of Georgia's vendor directory, as an approved member benefit of The Florida Bar, and through partnerships with The ABA Solo, Small Firm and General Practice Division (GPSolo) , CalBar Connect in partnership with The California Lawyers Association, The Connecticut Bar Association, INCBA, Phi Alpha Delta Law Fraternity, International and Theorem, the AXEL Go app evolves how files are stored and shared securely, meeting the unique needs within the legal industry. For more information or to sign up for a 14-day trial of AXEL Go Premium, visit AXEL Go, or follow us on Facebook, Twitter and LinkedIn.

 Official Website:
https://www.axelgo.app


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Going Usage-Based: How Algolia Built Their Most Customer Friendly Pricing Model Ever

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The post Going Usage-Based: How Algolia Built Their Most Customer Friendly Pricing Model Ever appeared first on OpenView.

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How to Pay Netflix and Apple TV Subscriptions using Cardano Tokens

Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.

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Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other's ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield's GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto's REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.

Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues. 

A Blockchain-Based Subscription Service

The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account. 

Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain. 

Here is a summary of how the subscription management app will work:

  • Download the Revuto app and set up an account, a straightforward process;

  • Add subscriptions you intend to manage. They could range from music streaming services like Netflix, software packages, and more. 

  • Once the subscriptions are linked, you can begin paying using GENS and other supported tokens.

The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don't have to cancel the subscription when you want to snooze payments for a while before resuming.

The Cardano Blockchain Provides Base Support 

Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network. 

Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.

Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement. 

More Than Just Subscriptions Management 

Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.

The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency. 

Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.

Forecasting Growth in The Subscriptions Sector 

The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets

There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.

Looking Forward

Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.

Media Contact

Company Name :- Genius Yield

Email Id :- hello@geniusyield.co

Company Website :- https://www.geniusyield.co/


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Pipeline Update: New Filings & Terms Added (Week ending 03.18.22)

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Usage Based Pricing: 3 Questions to Ask Before Leaping

Is charging by consumption (usage-based pricing) a superior model for a business? When we say UBP, we mean charging customers by how much they use, rather than a constant amount of seats per month or API calls per month.

On on hand, UBP lubricates the customer conversion funnel. Prospects sign up and grow their accounts seamlessly. Usage data feeds the PLG lead score, and AEs outbound to the most promising users. Customers expand as their needs dictate and customer segments fall out from usage data

On the other hand, customers may be frustrated to estimate how much of a product they’ll use and the surprise of overage charges. Separately, the startup may have to reinvent its GTM: new AE quotas, sales materials, margin calculations.

These three questions may help guide a startup to the best answer:

  1. Is my startup selling an application or infrastructure?

Application software companies sell seats. Infrastructure companies sell API calls, licenses per core or host, SMSs, bandwidth, storage by the GB. Salesforce largely set the standard for selling application seats.

Most of the time, application software companies don’t sell seats via UBP. Slack is a notable exception. Selling constant seat counts stems from the perception that the number of people using software shouldn’t change that much from one month to the next for most software. The predictability of fixed costs outweighs the benefits of flexibility.

Infrastructure usage can vary widely depending on seasonality (retail traffic spikes in Q4), developer activity (migration from one architecture to the next), new product launches, amongst other factors.

Selling UBP to a buyer accustomed to buying a flat seat count introduces more friction into the sales process. Often, the effort probably isn’t worth it, unless the company’s stated strategy is to differentiate on price structure.

  1. What should my unit of pricing be?

The goal of UBP is to align the cost of software with the value. The unit of pricing is the crux to unlocking that puzzle.

The unit must be easy for a customer to understand, simple to predict, and crystal-clear so there aren’t arguments on what a unit is or isn’t in the future.

Company Product Unit Pricing
AppDynamics APM CPU Core $6 / core / month
ScoutAPM APM API Call $1 / API call / month
Lightstep APM Service $85 / service / month
Instana APM Host $75 / host / month
Splunk APM Host $55 / host / month
DataDog APM Host $31 / host / month

Aligning on a particular unit isn’t easy. Within the same space, companies have different takes. Here’s a table of the usage-based pricing schemes of Application Performance Monitoring (APM) companies' that I put together from scanning each business’s pricing page. There are four different units across these six companies.

Having varying units might be an advantage: it’s harder for customers to price discriminate. How many API calls per host or services per host is the same as $31 per host per month?

But it might confuse the customer who’s accustomed /ato buying the service in a different way.

Is your startup differentiating on pricing to compete with an incumbent? Or are selling a superior product at a premium in which case using the same pricing model with higher fees reinforces the brand?

  1. Can this pricing model achieve certain boundary pricing conditions?

How much should a Fortune 500 bank pay for your startup? How about a 50 person SaaS company?

The UBP pricing scheme needs to satisfy these boundary conditions: a certain customer ought to pay a certain amount in order for the business to succeed.

Often, a straight UBP pricing model doesn’t scale into the enterprise. A F500 may not consume enough units to justify a $250k or $2m deal. Introducing pricing layers on the unit of pricing can remedy this challenge. Basic units cost $1. Units that are HIPAA compliant cost 3x as much and FINRA compliant is one dollar more per unit.

Sometimes, companies add a second part to the UBP model: the platform fee, which makes the UBP a 2-part tariff. The platform fee instant boosts the ACV ad can be tailored per customer segment

One other thought on UBP. Some customers fear the sticker shock of dramatic usage in the first billing period. To offset this risk, many sales teams cap the charge in the first billing period to ensure customers who sign up and use substantially more of a service don’t suffer sticker shock when the first bill arrives.

Thanks to Barry McCardel for the inspiration on this post.

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