Blockchain-based Digital Identity Startup Raises $1.5m
Blockchain-based startup ShoCard has raised $1.5 million to fund the development of its digital identity card, the Tech Crunch reported. Debuted in May this year, the startup plans to verify and store identity records into the blockchain, a technology that currently runs the disruptive digital currency Bitcoin. In its ideal scenario, ShoCard has hoped to eliminate the need to carry paper documents for identity verifications, a reason why venture capitalists like Morado Ventures Partners, AME Cloud Ventures, Enspire Capital and Digital Currency Group have come forward to fund it. "A lot of....
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Blockchain identity startup Cambridge Blockchain has raised more than $1.7m in new funding, public records show. According to a Form D published today by the US Securities and Exchange Commission, Cambridge Blockchain has raised $1,785,000 out of a total $2m, indicating that the startup's funding efforts are ongoing. Previous SEC filings show that the startup began raising funds in March 2016. The documents show that Cambridge Blockchain had raised $635k out of a planned fundraise of $1.5m as of that month, and in a filing from last October, the startup said it had raised $1.09m out of a....
New Bitcoin Foundation board member Vinny Lingham has announced that he has stepped down as CEO of mobile gift card service Gyft to pursue a new business venture. Based in Palo Alto, Civic has already received $2.75m in funding from Social Leverage, Pantera Capital, Blockchain Capital and Digital Currency Group, among other firms. The digital identity protection startup is expected to launch this spring, according to Lingham. Speaking to CoinDesk, Lingham described the startup's aims as similar to Lingham told CoinDesk: "Your identity information is out there, whether you like it or....
Flexid Technologies, a blockchain startup promoting the use of digital identities, said its solution was recently used by thousands of Zimbabwean households and patients that participated in a local health survey study.
Using Technology to Drive Down the Cost of Healthcare
A blockchain startup, Flexid Technologies, revealed it recently made its digital identity solution available to 15,000 households and 50,000 patients that took part in a Zimbabwean baseline survey. The survey was conducted between 2021 and early 2022 by a local healthcare provider, Ubuntu Clinic.
In....
ShoCard has raised $1.5m in funding from AME Cloud Ventures, Digital Currency Group, Enspire Capital and Morado Venture Partners. The startup, which seeks to use the bitcoin blockchain as a way to authenticate identification, debuted in May at TechCrunch Disrupt NY. Its launch came amid a broader shift in focus among investors, who appear increasingly interested in harnessing the power of bitcoin's underlying distributed ledger for use cases beyond payments. ShoCard views its solution as one that could disrupt the digital identity business, providing consumers with the means to hold a....
A Cambridge, Massachusetts-based company developing identity solutions for blockchain-based systems won $15,000 at a startup competition hosted by the venture arm of Spanish banking group Banco Santander yesterday. Announced in November, the Distributed Ledger Challenge was organized by Santander InnoVentures, the $100m FinTech venture fund created by Banco Santander in 2014, and Onevest, a venture capital network based in New York. The Amazon Web Services Pop-up Lofts, a working space located in Manhattan, hosted the event. Cambridge Blockchain, which won the event, was one of five....