Blockchain

TECHFUND Inc. and NEO Announced Collaboration For Further Adoption of Blockchain

TECHFUND Inc. and NEO have come together for further adoption of blockchain technology under the accelerator program and ACCEL BaaS, the blockchain development tool by TECHFUND. While NEO is a non-profit, community-based prominent blockchain platform in the world, TECHFUND Inc. is a Japan-based Technology Accelerator, founded in 2014, that supports start-ups on a global scale. The official announcement was done through a Medium blog post by TECHFUND Inc. on 8th August 2019.

TECHFUND has extended support to start-ups as well as over 30 upcoming business projects by big companies and offered the program titled Blockchain accelerator. Now, the entities included in this scheme have the chance to acquire support from the NEO blockchain platform.

What’s more interesting is, TECHFUND has already unveiled some features of NEO in its tool for blockchain development, ACCEL BaaS. The tool has begun supporting NEO, which means, various applications can smoothly implement NEO without the NEO environment or any technical knowledge. Its Contract Marketplace and Contract Template are noteworthy since the company offers these NEO contracts as blockchain use case templates which people can utilize with simple GUI customization.

Another feature included in the distribution of fee (GAS) that is required for NEO utilization in the Testnet by NEO. Earlier, it would take some time for the developers to get this fee. However, it is no more a necessity now, leading to rapid development.

With this collaboration, TECHFUND will be able to offer an advanced option to facilitate the blockchain function implementation into apps that are developed by a standard web engineer who doesn’t possess much knowledge about blockchain.

As per the blog, the company believes that it would result in boosting PoC and bringing about increased production of NEO blockchain use cases.

What is ACCEL Blockchain as a Service (BaaS)?

ACCEL BaaS is a cloud service that enables easy blockchain app development as it allows one to call the blockchain APIs from any of the programming languages minus deep knowledge of blockchain. Apart from that, it composes a ‘Smart Contract Template’ through which blockchain functions can be utilized just by setting up the GUI.

The ACCEL BaaS now supports crowdsale, token issuance, voting, distributed ledger (KVS), escrow payment, and lottery, highlights the announcement.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.
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