Singaporean Blockchain Data Storage Startup Bluzelle Raises $1.5 Million in Series A

Image result for Singaporean Blockchain Data Storage Startup Bluzelle Raises $1.5 Million in Series A
Blockchain solutions provider Bluzelle has announced the successful closure of a $1.5 million Series A round. The new funding will help the startup develop a decentralized scalable database service for enterprises.
Founded in 2014, the startup has notably provided solutions for a number of global institutions after partnering the likes of KPMG and Microsoft. Bluzelle’s solution draws parallels to the likes decentralized blockchain storage provider Storj.
For Bluzelle CEO and co-founder Pavel Bains, blockchain technology is a part of the ecosystem heralding the next generation of the internet. To facilitate the ‘new internet’ to run efficiently and scale exponentially, Bluzelle is developing a decentralized database service. “What Oracle provides for the current internet, we provide for the New Internet,” stated Bains, who added:
By 2020, there will be over 20 billion devices sending data to reach other – and that data will have to be stored securely, with high performance and low cost. In the blockchain powered New Internet, everything from applications to back-end platforms to data storage will be decentralized.
The new funding round was led by a venture capital firms Global Brain, LUN Partners Capital and True Global Ventures. The funding will be used by the startup to scale its enterprise business, develop its core service in the decentralized database platform and supporting its initial developer community. “Based on our global investment activity, Bluzelle is one of the onoly companies to provide solid enterprise blockchain services,” stated Global Brain CEO Yasuhiko Yuirmoto.

The Singaporean startup is also working toward its initial coin offering (ICO) of its ‘Bluzelle tokens’ in late October. Bluzelle tokens will also be earned by the community of operators, or ‘farmers’ who provide the hardware resources required for data storage. “It’s upcoming token sale and development plans will ensure the company’s position as a perennial player in the global blockchain arena,” added Kotsuki Kaede, partner at investor LUN Partners Capital, who underlined the startup as a leading provider of enterprise-grade blockchain solutions for
financial solutions in Southeast Asia.

By;Worldcoinsmoney.blogspot.com
CRYPTO CURRENCY.

Comments

Post a Comment

Popular posts from this blog

Paul Kagame wins Rwandan election to secure third term

Image
The former guerrilla leader extends his 17 years of rule by securing a huge majority of the vote. Rwandan President Paul Kagame has secured a third term in office with around 98% of votes, partial results have showed. With 80% of votes accounted for, the 59-year-old former guerrilla leader has extended his 17 years in power of the east African nation. National Electoral Commission spokesman Charles Munyaneza told a news conference Mr Kagame secured 98.66% of the vote. Frank Habineza of the Democratic Green Party - the only permitted critical opposition party - won 0.45% of votes and independent candidate Philippe Mpayimana scored 0.72. Full provisional results will come through later on Saturday. The commission estimates 97% of 6.9 million voters turned out to cast their ballots. Mr Kagame has won international plaudits for presiding over a peaceful and rapid economic recovery since the 1994 genocide. But critics also accuse him of human rights abuses, a muzz...
Read more

Saudi foreign minister reacts to UN: ‘We don't want to see Yemenis suffer’

Image
Saudi Arabia denies facilitating what the UN calls an “entirely man-made catastrophe” in Yemen, which has killed over 1,000. Saudi Arabia has angrily rejected a UN report condemning its involvement in Yemen’s devastating civil war. In an exclusive interview with Sky News, the country's foreign minister Adel al Jubeir has accused the UN Human Rights Office of bias in compiling the report. For two and a half years Saudi Arabia has led a coalition fighting Iranian backed Houthi rebels in Yemen. Image: A Yemeni child receives treatment for suspected cholera at a hospital in Sanaa Its airstrikes have caused devastation in the country. The UN report blames the coalition for much of the civilian death toll, in particular the thousand plus children who have died. Adel al Jubeir is unrepentant saying their report's authors have refused to seek the Saudi side of the story. He said: "We invited the United Nations to come and discuss it with us. We invited ...
Read more

Rolls-Royce safeguards 7,000 UK jobs after announcing £150m investment

Image
The investment is the firm's biggest in the UK for more than a decade and is welcomed as a vote of confidence in the economy. Engine maker Rolls-Royce is investing £150m in UK aerospace facilities in a move that will safeguard more than 7,000 jobs. It is the Derby-based group's biggest single investment in the UK for more than a decade. The announcement was welcomed by the Government amid fears that some companies are putting off decisions due to Brexit uncertainty. Rolls-Royce said it was investing over the next few years in new and existing facilities across the East Midlands. It is creating a new facility in Derby for testing large aero engines, resulting in up to 200 jobs, while plans to close a precision machining facility in the town have been scrapped, saving 150 jobs that had previously been at risk. The announcement is part of the global group's plans to double engine production and follows months of talks with unions. They have agreed worker...
Read more