Trustatom Preps New Blockchain Investment Due Diligence Service
Trustatom, a Canadian company that provides blockchain-powered smart contracts, has raised early seed funding from a group of angel investors. The company is preparing to launch an investment due diligence SaaS, called CredyCo, powered by its proprietary technology stack and the blockchain. The internet has provided a great way for parties to transact efficiently, prompting truly fascinating use cases, but the remaining key challenge is the need for mutual trust. To address this, Trustatom brings the trust mechanics that made Bitcoin possible into the mainstream.
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Trustatom has raised early seed funding to the tune of $100,000 with which it will launch CredyCo, a cryptographic due diligence service built on top of bitcoin's blockchain. The round was led by a group of investors that included entrepreneur Brian Cartmell and Gyft co-founder Vinny Lingham. Speaking to CoinDesk, Trustatom co-founder Yurii Rashkovskii framed the news as an early step in connecting the technology of bitcoin with "the real world". "The most important thing from our perspective is to find users for bitcoin and blockchain technology outside of the traditional and core use of....
Blockchain-powered smart contracts provider Trustatom has amassed an impressive $100,000 in funding to release a cryptographic due diligence service called CredyCo, built on bitcoin technology. Co-founder Yurii Rashkovskii laid down some of the basics of the project, saying: "The most important thing from our perspective is to find users for bitcoin and blockchain technology outside of the traditional and core use of bitcoin... Unlike most of the projects that are active in the space today that cater mostly to the same bitcoin community, what we try to do here is expand that and find....
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The Ethereum-centric and decentralized protocols software firm Consensys has announced the launch of TURN token, or “Time-Unit Representative NFTs.” Consensys details that TURN tokens will create a new market for tokenized security auditing via Consensys Diligence, the firm’s smart contract audit service. Consensys Diligence to Launch TURN Tokens in Mid-August From August 15th to the 19th, Consensys disclosed a token sale will take place that will feature the company’s TURN token, which stands for “Time-Unit Representative NFTs.” The....
Blockchain technology has taken on various forms since the introduction of Bitcoin and continues to evolve even today to meet the industry’s ever-changing demands and needs. Businesses and companies could benefit enormously from blockchain, but integrating distributed ledger technology is often expensive and time-consuming. As a result, Blockchain as a Service has emerged as the ideal solution for wider scalability. Recognizing the potential growth in the Blockchain as a Service sector, digital currency investment fund […]