HomeCoinsEthereum (ETH)Enterprise blockchain provider BlockApps raises $41 million

Enterprise blockchain provider BlockApps raises $41 million

- Advertisement -


BlockApps, an enterprise blockchain provider, has raised $41 million in funding to grow its development team and accelerate its go-to-market strategy, the company announced today.

The funding was led by Liberty City Ventures, with new participating investors including Morgan Creek Digital, Eidetic Ventures, and Givic. Existing investors ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX also participated.

BlockApps will also be using the funding to “expand its partner program and bring in more real assets to STRATO, the company’s industry-leading enterprise blockchain,” said a statement from the company.

An enterprise blockchain works similarly to other networks of this type,  except for how the visibility of that data can be restricted to a select number of people, offering participants more privacy than a public network like Bitcoin or Ethereum. These blockchains can be used in an effort to streamline processes like tracking supply chains.

BlockApps was incubated in 2015, focused on “solving some of the world’s biggest challenges and causing industries to re-think what’s possible with blockchain technology – especially when it comes to navigating the complexities of today’s sustainability challenges and supply chain issues,” as Murtaza Akbar, founding partner at Liberty City Ventures, put in a statement.

Since launching STRATO on Microsoft’s Azure in 2015, its customers have included Bayer Crop Science, the U.S. government, and Blockchain for Energy, a group of large energy companies like Chevron and ExxonMobil.

In the past 14 months, BlockApps has launched an application that traces food and agricultural products starting from its seed. It has also launched a carbon data management product for companies. 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 41,293.00
ethereum
Ethereum (ETH) $ 3,091.31
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 336.56
litecoin
Litecoin (LTC) $ 113.41
eos
EOS (EOS) $ 2.65
okb
OKB (OKB) $ 20.01
tezos
Tezos (XTZ) $ 3.22
leo-token
LEO Token (LEO) $ 5.83
cardano
Cardano (ADA) $ 0.943242
monero
Monero (XMR) $ 253.75
stellar
Stellar (XLM) $ 0.203928
chainlink
Chainlink (LINK) $ 14.05
huobi-token
Huobi Token (HT) $ 9.39
tron
TRON (TRX) $ 0.063285
usd-coin
USD Coin (USDC) $ 0.999358
dash
Dash (DASH) $ 108.94
neo
NEO (NEO) $ 21.89
iota
IOTA (MIOTA) $ 0.678566
nem
NEM (XEM) $ 0.100987
zcash
Zcash (ZEC) $ 160.41
maker
Maker (MKR) $ 1,842.54
paxos-standard
Pax Dollar (USDP) $ 0.999577
ethereum-classic
Ethereum Classic (ETC) $ 37.37
vechain
VeChain (VET) $ 0.060808
true-usd
TrueUSD (TUSD) $ 0.999408
ftx-token
FTX Token (FTT) $ 43.35
kucoin-shares
KuCoin Token (KCS) $ 20.72
waves
Waves (WAVES) $ 20.84