Ethcore Raises $750,000 to Help Ethereum Go Enterprise
An Ethereum development startup started by one of the blockchain project's original founders has raised $750,000 in pre-seed funding. Founded by former Ethereum CTO Gavin Wood, Ethcore said it raised the funding as part its bid to move forward on a product it hopes to evolve for enterprise use. Blockchain Capital and Fenbushi Capital participated in the round. Wood said that the funding will help EthCore move forward toward the 1.0 release of its Ethereum client, called Parity, and to help it create new development libraries that could be useful to the growing number of enterprise firms....
Related News
Ethereum startup Ethcore has raised $750,000 in a preliminary, pre-seed funding round led by Silicon Valley-based Blockchain Capital and Shanghai-based Fenbushi Capital. Ethcore intends to further pursue the development of the Ethereum blockchain stack and assist partners who wish to innovate using the smart contract platform. The startup was also awarded a grant by the U.K. government’s Innovate UK to create a “next-generation foundational distributed ledger platform for institutional communication, authorisation, and consensus.” Ethereum has gained momentum in 2016, with the market cap....
Enterprise Ethereum has matured to the point where standards are now needed to ensure further growth and interoperability with other networks. Ethereum is quickly becoming an integral part of the enterprise blockchain ecosystem. As more companies begin to leverage public networks for business, it’s important to keep in mind that the enterprise Ethereum space is still relatively new. Therefore, a number of developments are required before organizations can fully take advantage of the Ethereum blockchain. For example, Dan Burnett, executive director of the Enterprise Ethereum Alliance — an....
Ethereum’s price rose 7% over the past 24 hours, continuing an apparent up-trend, increasing to $14.50, up from around $10 at the beginning of the month. Price Rises in Anticipation of Enterprise Ethereum – image from poloniex The main reason appears to be Enterprise Ethereum. Details are sparse, but a launch event is to be held tomorrow, on the 28th of February, at what appears to be JP Morgan’s offices in Brooklyn, New York. According to the event’s website: “[S]ome of the largest corporate users of Ethereum will demonstrate the most mature enterprise applications of blockchain running....
New details have emerged about a soon-to-be-launched initiative focused on enterprise uses of the ethereum protocol. Dubbed Enterprise Ethereum, the project's founding membership is said to include major financial institutions, tech giants and natural resources companies. According to sources, participating firms include JP Morgan, CME Group, BNY Mellon, Banco Santander, Microsoft, Red Hat, Cisco, Wipro and British Petroleum, among others. Blockchain startups BlockApps, Brainbot Technologies, ConsenSys, Nuco and Tendermint – as well as the Ethereum Foundation, the non-profit that oversees....
The consultancy giant has released a new solution aimed to streamline enterprise resource planning on the public Ethereum blockchain.