ICYMI: Enterprise blockchain provider BlockApps raises $41 million
The funding was led by Liberty City Ventures, with new participating investors including Morgan Creek Digital, Eidetic Ventures, and Givic. Existing investors ConsenSys, Bloccelerate, Fitz Gate Ventures, Arab Angels, Kenetic Capital, and PropelX also participated.
An enterprise blockchain works similarly to other networks of this type, except for how the visibility of that data can be restricted to a select number of people, offering participants more privacy than a public network like Bitcoin or Ethereum. These blockchains can be used in an effort to streamline processes like tracking supply chains.
Since launching STRATO on Microsoft’s Azure in 2015, its customers have included Bayer Crop Science, the U.S. government, and Blockchain for Energy, a group of large energy companies like Chevron and ExxonMobil.
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