fbpx
Cryptocurrency

EOS Backed Private Blockchain Studio StrongBlock Raises $4 Million

StrongBlock which is a team of the highly experienced blockchain, governance, security, and database technology experts announced on Wednesday that the firm has managed to raise $4 million. David Moss is the co-founder and CEO of StrongBlock.

The firm was established last year with the main objective of building systems for other businesses as well as financial institutions and government organizations by using a technology known as EOSIO open source code, which gives the assurance of turnkey implementation along with guaranteed service levels and continued client support coupled with consulting services.

It is a known fact that many enterprise blockchain projects to date have been a massive failure due to the inadequacy of blockchain protocols as well as inexperienced executives. The founders of StrongBlock David Moss (Oracle, Edmunds.com), Thomas Cox (Oracle, IBM), Corey Lederer (Nike, Accenture), and Brian Abramson (Content.ad), are known for their record deliveries of technological transformations to large multinational companies.

“Before Red Hat, Linux was nearly impossible for enterprises to put into production. Now Red Hat is the Enterprise Linux standard,” David Moss, the CEO of StrongBlock said. He further went on to state, “If there were a way to push a button and get an enterprise-ready blockchain, you’d move further, faster. StrongBlock does that. We make blockchain easy.”

There is no doubt that the StrongBlock’s founding team is known for its quality work, and this is the reason the startup was chosen, said James Duplessie, the co-founder of Blockchain Investment Advisory Sagl, Pangea’s Swiss-based investment adviser.

David Moss, earlier in his career worked at Oracle after which he went on to become the CTO of a number of startup firms which includes the advertising tech platform BroadSpring.

The CIO of Copernicus, Maggie RokkumTesti commenting on the investment said :

“StrongBlock’s technology will enable blockchains to become ubiquitous, fueling massive business transformations ranging from energy and public utilities to retail and healthcare,” and further added, “The possibilities are virtually endless and can be implemented in every industry, delivering the potential of blockchain technology to the masses in a real, profound way.”

It is a known fact that financial market data feed is not a business which looks to be very appealing. It is said that this line of business is commoditized and very concentrated and also has less scope for creativity. Not just that, critics even claim that it is one of the most boring ways to make money in the financial markets.

Many experts in the field believe that the quality of market data will improve with the increase in the volumes from the resulting investment. This, in turn, will not only boost investment but will also raise the levels of comfort and in the long run make for better market data and even more on-chain analysis.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Leave a Reply

Your email address will not be published. Required fields are marked *

Event Information
Event Information
Back to top button
Close