Deloitte Partners With Blockchain Startup Colu
Coloured coins startup Colu has revealed it is embarking on a partnership with multinational consulting firm Deloitte. A Monday blog post from the Tel Aviv firm, which launched its open beta in August, said the collaboration will bring blockchain technology to "big new markets". Though details are scarce, the project will involve Rubix, the software platform that lets Deloitte clients build their own apps - including ticketing systems and registries - on the blockchain. Amos Meiri, Colu's CEO, told CoinDesk: "For the last couple of months we've been meeting with Deloitte representatives....
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Colu specializes in making assets digital through the use of colored coins and the Bitcoin blockchain. Although the service is still in beta, Colu has already made a partnership with Revelator, a company that is building a rights management API that will help to alleviate many of the problems facing the music industry. I spoke to Mark Smargon, Co-founder and VP of Product, from Colu regarding what Colu is and asked a little bit of how it works: “This API will provide the secure issuance and distribution of digital assets, including listing and registration of musical works for its clients....
Israel-based colored coins startup Colu has launched the beta version of its developer platform. Based on bitcoin's blockchain technology, the platform will enable developers and individuals to register and exchange digital assets. Additionally, Colu announced its integration with Revelator, a music business management platform. Amos Meiri, Colu CEO and co-founder, said in a statement: "The Colu team has been working closely with various companies to finally leverage blockchain technology in a consumer-friendly way. We're excited to launch this beta more broadly so solutions and services....
Three members of Deloitte’s blockchain team specializing in building custom distributed ledger products for enterprises have left the organization to found what could be seen as a competing product. Founded in 2015, Deloitte's Rubix blockchain division played an integral role in positioning the company at the forefront of global financial institutions working to tap the emerging technology for new efficiencies. But, far from a radical departure, the co-founders of the newly launched startup, called Nuco, say the real reason they've departed is to raise more capital faster than they could....
Crypto 2.0 startup Colu has raised $2.5m as part of a seed funding round with which it seeks to advance the development of the colored coins concept. Led by VC firms Aleph and Spark Capital, contributing investors also included VC Barry Silbert's Bitcoin Opportunity Corp and boutique angel fund Box Group. Notably, Spark Capital's past investments include now-famous tech startups such as Foursquare, Tumblr and Twitter, as well as fashion startup Warby Parker. Speaking to CoinDesk, Colu framed its project as one that would strive to find everyday use cases for the more advanced applications....
Fresh off $2.5m in funding, colored coins startup Colu has announced eToro CEO Yoni Assia has joined its board of directors. The founder and CEO of what's billed as "the world's largest social investment network", Assia has long been an active member of the bitcoin community. For example, eToro first enabled bitcoin trading for the estimated 2.75m users of its platform in January 2014. Perhaps most notably, however, Assia is credited as one of the originators of the concept of colored coins - that metadata in the bitcoin protocol could be used to augment bitcoins so that they could....