New Blockchain Startup Brings Contracts into the Digital Age
SmartContract CEO Sergey Nazarov lauching his company's products at DEMO In San Jose. Source: CoinDesk. One of the most notable features of blockchain-based technology is the ability to provide substantial public proof of information. Now a startup called SmartContract is harnessing this aspect of the technology to create contractual agreements that can be used by both experts and newcomers alike. SmartContract CEO Sergey Nazarov told CoinDesk: "We want to be the secure web layer that gives people access to infrastructure that they can use to create valuable trust." These trust-based....
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A startup contest hosted by professional services firm Ernst & Young ended with three blockchain companies receiving honors. The six-week E&Y Startup Challenge accepted six blockchain-focused startups in September, which focused on two application areas for the tech: digital rights management and energy transfer. Bitcoin mining firm The BitFury Group receiving an award for “Best Pitch” after it developed a blockchain-based tool for digital rights management. Smart contracts startup Adjoint won “Most Investable Pilot” with a platform for creating smart contracts while JAAK won an....
CommonAccord, a blockchain-based startup for legal documentation, is one of eight startups selected for BNP Paribas' new FinTech accelerator, L’Atelier. CommonAccord’s goal is to create global codes for transferring legal documents like contracts, consents and permits. The startup wants to develop a distributed network of participants that synchronizes files with each other, using blockchain, GitHub or email transfer. According to CommonAccord, however, blockchain is particularly important for it’s ability to automate routine functions using smart contracts and provide an immutable ledger....
Business accelerators all over the world are always looking for the next big thing in technology and finance. It only makes sense to see these accelerators keeping an eye out for companies exploring blockchain technology. Or in the case of BNP Paribas, they are looking at one startup in particular – called CommonAccord – which aims to bring automated....
Blockchain-based supply chain startup Wave graduated from the TechStars FinTech accelerator this week, in the process becoming the third firm to ink a deal with UK bank Barclays, which provides non-monetary support to the startup program. Though the deal may not be as impactful to the industry at large as Barclays's attempt to lift its banking blockade on bitcoin businesses with the help of Chainalysis, the bank's interest in Wave signals that enterprise banks may be interested in the application of the blockchain to trade finance. Formerly called OGYDocs, Wave's product will be leveraged....
Nick Szabo, a cryptographer who worked on an early bitcoin prototype, played a key role in developing smart contracts and has been suspected of being Satoshi Nakamoto, is now raising money for a bitcoin/blockchain startup, according to Quartz. Szabo is trying to raise $3 million, according to unnamed sources and a pitch deck that Quartz reviewed. One source said Fenbushi Capital, a China-based venture capital firm that has invested in blockchain ventures, has already committed $1 million in seed capital for the startup. A Crypto Pioneer. Szabo worked on DigiCash, an electronic currency....