Crypto Startup Raises $28 Million To Combine Public and Private Blockchains For Enterprises [Forbes]
International Business Machines Corporation (IBM)
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Source: Forbes
Sarah Hansen Contributor i Jul 18, 2018, 09:35am #Blockchain Shutterstock Nervos Network, a new blockchain infrastructure aimed at enterprises, announced today that it has secured $28 million in private funding from investors including Polychain Capital, Sequoia China, Wanxiang Blockchain, and Matrix Partners China. In a statement, Nervos said it plans to use the capital to support the expansion of its product and engineering teams, speed up the development of its enterprise blockchain solutions, and expand strategic partnerships. “It is really difficult for a single blockchain to balance different characteristics, for example, decentralization, scalability, and also security,” Nervos co-founder Kevin Wang told Forbes . To help solve this problem, Nervos Network is broken into layers that Wang says allows it to address security and performance issues simultaneously. Specifi
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