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Chain is a technology platform that partners with organizations to build, deploy, and operate blockchain networks and applications for various markets. The company offers enterprise software that enables institutions to launch and operate a blockchain network or connect to a growing list of other networks to power any type of asset in any market. It also offers testing network i.e, Chain testnet, operated by Chain, Microsoft, and the Initiative for Cryptocurrencies and Contracts (IC3), a collaboration of Cornell University, Cornell Tech, UC Berkeley, the University of Illinois at Urbana-Champaign, and the Technion. It is an open network that enables developers to quickly and easily build test applications using Chain Core. They also partner with banks and financial institutions to create blockchain financial network for them.
PRODUCTS & SERVICES
Platform provider to design and build blockchain applications for financial institutions and other enterprises. Chain Core Enterprise Edition: An open source-based enterprise software that enables institutions to issue and transfer financial assets on permissioned blockchain networks.
The company follows Platform-as-a-Service-based revenue model.
Partnered with Microsoft
IC3 (Initiative for Cryptocurrencies and Contracts) and universities to develop the testnet platform for blockchain developers.
The platform offers additional features such as HSM integration, advanced scalability, availability and storage systems, enhanced privacy capabilities, and custom smart contract support.
VALUATION / MARKET CAP:
$200 M in 2015
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Adam Ludwin (CEO); Ryan Smith (CTO); Devon Gundry (Chief Product Officer)
DATE OF LAST FUNDING
SEED & PRIOR FUNDING
SEED CLOSED ON
SERIES A · $2.01 K · ---
SERIES B · $9.5 M · Aug 2014
SERIES C · $30 M · Sep 2015
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