Standard Tokenization Protocol (STP, a startup with compliant tokenization) has made public that that it secured $7 million in funding. It was raised in 2 separate rounds with multiple venture capitalists like Neo Global Capital, BlockVC and AlphaBit. STP commented, “The platform is providing an easier solution to issue fractionalized ownership of traditionally illiquid assets, which equates to a $256 trillion market.”
Barclays (a London Headquartered investment bank) is leading Series A funding round of the Crowdz (a blockchain based invoice exchange from Silicon valley) with $5.5 million. The CEO of Crowdz, Payson Johnston said, “Today, small and midsize businesses often have to wait for a financially crushing 90 to 120 days or more to get paid. It’s no wonder that more than half of them suffer cash-flow problems during any given year.”
The Facebook (a social media dominator which needs no introduction) has recently launched their startup Libra at Switzerland, may be to materialise its plans regarding its USD-pegged coin. Albeit Facebook has not commented on the situation yet, the company is registered in Geneva and the Crypto Valley located in Zug is also close by and it prefers to keep project secretive.
A blockchain startup Orchid Labs which vision to make the Internet completely open-source and accessible has raised $43 million from accredited investors to achieve its target. It has also launched Orchid app, which is an open-source Virtual Private Network (VPN) client that sends packets to nodes over multiple hops to ensure that its users can browse the Internet securely and privately and also focused on “probabilistic micropayments” to encourage a decentralized marketplace.
Fr8 Network Inc (a blockchain logistic startup targeting US truck industry) has established partnership with PayMachine to provide rapid, low cost payment services to truckers. David Howitt, Head of BD at PayMachine said, Proof of delivery technologies and the transparency of smart contracts within the Fr8 Network provide the assurances required for PayMachine to pay Truckers upon delivery. The Fr8 Network and PayMachine partnership will have an instant impact on the trucking industry.”
A blockchain start-up based in the U.S, Data Gumbo Corp has shared that they have received $6 million worth of fund from major energy companies includes the national petroleum and natural gas company of Saudi Arabia, Aramco. The Senior Investment Director at Saudi Aramco Energy Ventures, Daniel Carter explained that “distributed ledger technologies have the potential to bring win-win efficiencies between industrial companies and their suppliers.”
QEDIT (Israel based blockchain privacy startup) raises a total of $14 million in series A round of fundraising and gets investment from well-known Chinese company Alibaba. Jonathan Rouach its CEO said, “The first pilots are taking place now, and the announcement of this is scheduled for the VMworld 2019 conference in several months. This is not proof of feasibility; it is preparatory work for actual deployment.”
A new platform, called OnBlock will be used by IOST (a public blockchain infrastructure startup) to allow everyday users to enjoy meaningful and entertaining games and other DApps on IOST. Jimmy Zhong, CEO of IOST said, “The world needs a blockchain network that is not only scalable and built to deploy seamless DApp experiences, but also one that overcomes the technical barriers which prevent millions of everyday people from experiencing the benefits of blockchain technology,”
Football club Liverpool FC has rebuffed the reports about its partnership with blockchain startup Tron. The Tron CEO in his Tweet earlier hinted about its association with Liverpool, however The Liverpool spokesman said that, “We do regularly engage with lots of companies to better understand their business and we have extended an invitation to Tron — along with many others. To be clear, no discussions have taken place.”
A collaboration has been established between HMS Technologies INC. (HMS) and a blockchain start-up named Solve.Care. The CEO of HMS, Bill Kirkpatrick commented that the partnership will enable disparate HIT applications to share secured health data via patient authorized access using unsecured Internet connectivity, improving care coordination while enhancing digital healthcare profiles and streamlining access to virtual healthcare services.