BlockApps Funding Details
BlockApps will also use the funds to “expand its associate program and include more real assets to STRATO, the company’s leading enterprise blockchain platform.” Similar to other blockchain networks, an enterprise blockchain is a decentralized platform that allows users to interact with one another while keeping data visibility restricted to participants, making it ideal for businesses wanting to maintain privacy. This new funding is a significant vote of confidence in the company and its technology, which is already used by large enterprises such as Samsung, Google, and Comcast. With this fresh capital, BlockApps is in a strong position to continue its expansion and dominance in the enterprise blockchain sector.
Blockchain technology is becoming increasingly prevalent, being studied and implemented in various industries. In 2015, BlockApps was founded with the mission to “address some of the world’s biggest challenges and encourage sectors to rethink what is possible with blockchain — especially regarding today’s sustainability challenges and supply chain difficulties,” according to Murtaza Hussain, the company’s CEO.
In 2015, STRATO launched on Microsoft Azure, and its clients include Bayer Crop Science, the United States government, and Blockchain for Energy, a consortium of major energy companies. BlockApps has also developed an application that tracks food and agricultural items from seed to retail within just 14 months and a carbon data management solution for businesses.
What Makes a Blockchain Stand Out?
CryptoChipy has reviewed over 30 different types of blockchains. While Ethereum remains the most widely used, Binance Smart Chain (BSC) is not far behind in terms of daily transaction volume. One of the fastest-growing blockchains, known for both speed and scalability, is Solana. For those interested in privacy-focused blockchains, the Secret Network is also worth mentioning. Different users value different features in blockchain technology, but the most important aspects for most investors and users include transaction fees, speed, scalability, security, transparency, underlying technology, and the level of anonymity offered.
Further Insights on BlockApps
Founded in 2014 and headquartered in Brooklyn, New York, BlockApps provides a platform that enables enterprises to build and deploy blockchain applications. The company is one of the leading providers of enterprise blockchain solutions, and its platform is used by some of the world’s largest organizations. With this new round of funding, BlockApps is well-positioned to accelerate its growth and continue innovating its offerings. This is positive news for the broader blockchain industry, as it shows that traditional investors continue to show strong interest in this emerging technology. As BlockApps leads the way, more enterprises are expected to adopt blockchain technology in the near future.
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