Blockchain platform developer Aergo raises $ 7.5 million from Korean banks Backed by South Korean tech company Samsung, blockchain startup Blockco raised $ 7.5 million in a series B + round.

Blockchain platform developer Aergo raised $ 7.5 million from Korean banks

Backed by South Korean tech company Samsung, blockchain startup Blockco raises $ 7.5 million in Series B round+.

South Korea's oldest bank Shinhan and the country's largest foreign exchange bank KEB, as well as healthcare-focused venture capital firm LB Investment and the venture capital arm of Seoul entertainment firm Dadam Game took part in the investment round..

Blockco was founded in 2014 and in July 2016 raised an estimated $ 1.2 million from Samsung Ventures. In 2015, the startup launched a blockchain-as-a-service platform called Coinstack, and in 2018, the main blockchain protocol network Aergo..

Blockco also participated in the creation of the NexLedger restricted blockchain system in collaboration with Samsung Group and Amazon Web Services. Nexledger was introduced in 2017 and allows you to work with tools for managing digital financial transactions and data exchange.

“We will demonstrate various blockchain solutions that can be used in the field of smart grids, where it is difficult to implement effective commercial models with the existing information infrastructure,” said Kim Won Bom, CEO of Blockco today..

Similar articles

• Pharmaceutical giant Bayer has hired VeChain to develop a blockchain logistics solution.

  Pharmaceutical giant Bayer hires VeChain to develop a blockchain logistics solution Chinese subsidiary of pharmaceutical company Bayer...

• UPS aims to eliminate paperwork using blockchain UPS, a US express delivery and logistics company, has announced it has joined the Blockchain in Trucking Alliance (BiTA), a blockchain consortium of trucking industry members..

  UPS intends to get rid of paperwork using blockchain UPS, a US company specializing in express delivery and...

• BlockFi crypto-credit startup raised $ 4 million from Galaxy Digital and Fidelity BlockFi startup, which provides loans in US dollars secured by cryptocurrency, raised $ 4 million in funding, writes CoinDesk.

  Crypto-credit startup BlockFi raised $ 4 million from Galaxy Digital and Fidelity BlockFi startup providing loans in US dollars secured...

• Media: ConsenSys intends to raise $ 200 million, having earned only $ 21 million in 2018. ConsenSys, a blockchain company focused on improving the Ethereum ecosystem, intends to attract additional funding. According to The Information, the firm plans to raise $ 200 million with the help of outside investors at a market valuation of $ 1 billion..

  Media: ConsenSys intends to raise $ 200 million, earning only $ 21 million in 2018 Blockchain company focused on improving the Ethereum ecosystem...

• Japanese regulator allowed 11 companies to conduct cryptocurrency exchange activities The Japan Financial Services Agency (FSA) has approved 11 companies as operators of cryptocurrency exchanges. Writes about it Reuters.

  Japanese regulator allowed 11 companies to conduct cryptocurrency exchange activities Japan Financial Services Agency (FSA) approved 11 companies in...