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~Not giving away ETH~ Blockchain studio building decentralized applications on #Ethereum Founder Joe Lubin @ethereumJoseph Newsletter https://t.co/wDthQCJuj5
Consensys is a blockchain production studio that builds decentralized applications, primarily using Ethereum. It follows a hub and spoke model (ConsenSys being the hub) where they would provide the basic building blocks/ foundational blocks (development, resource sharing, acquisitions, investments) that enable new services and business models to be built on the blockchain.
Provides decentralized applications and various developer and end-user tools for blockchain ecosystems. It also provides investments, partnerships and development support for startups.
Generates revenue by providing consulting & other high-end services to its institutional clients
Microsoft: to provide blockchain development platform on Azure cloud; Ubuntu: to provide digital identity on Ubuntu phones; Deloitte: to offer blockchain-based digital banking products; SingulatDTV: to build smart contract-based rights management platform for film and television on the Ethereum Blockchain;
Provides a team that could work on various ideas of blockchain based products and services
ConsenSys is looking at building an industry of partnerships and build unique smart-contracts systems tailored to the industry requirements.
ConsenSys generates revenue from its professional services, but has not revealed the number. Also, it was reported that they are not looking at turning profitable anytime soon.
Daren Frankel (Director
ConsenSys is a decentralized organization with personnel spanning four continents. They are also planning to double their team to 150 by the end of 2016.
$10M to $50M
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