February 4, 2016
AXA Strategic Ventures invests in blockchain technology
Do you know what blockchain is? Blockchain infrastructure may soon be securing the integrity of our data. AXA Strategic Ventures has announced its participation in Series A funding of $55 million for Blockstream, a leader in the sector, and invites us to discover the technology upon which cryptocurrencies rely.
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Blockstream is a young Canadian startup founded in 2014 and based in Montreal. It specialises in blockchains, the technology behind the development of cryptocurrencies, of which the most widely known is the Bitcoin. Blockchains operate in a peer-to-peer network, in which each user supervises the data shared over the network, to secure various databases and guarantee that they remain inviolable.
At the cutting edge of this technology is Blockstream. The young company has developed sidechains – blockchain protocols that can be used to create interoperable public and private networks and thereby ensure agile, secure transactions. Blockstream offers companies the safest, most mature blockchain solution on the market, reducing the cost of trust and preventing network fragmentation, while strengthening security standards.
By streamlining transactions, redefining data protection methods and reducing their cost, this technology has the potential to significantly impact the insurance and asset management businesses and transform standards across all industries.
François Robinet
Managing Partner of AXA Strategic Ventures
We are convinced that blockchain technology has the ability to transform not only financial services but also other industries. Blockstream has one of the best technical team in the industry and we strongly believe in their approach of developing foundational infrastructure for various blockchain applications.
