Runs Capital Private Limited, the owners of Runs.com, a Singapore-based firm, has announced the signing of a purchase agreement with Blockchain firm, BlockTeam, in a bid to offer better services to clients.

Runs.com is a decentralized e-commerce site, using distributed technology to make life easier for clients. The platform is looking to spread its tentacles to more than 25 countries across the globe.

The CEO of Runs.com, Giri Devanur said that:

“I am very happy to partner with BlockTeam Ventures LLC, a company which is backed by veterans of the Blockchain industry. BlockTeam has been instrumental in building a vibrant ecosystem in blockchain over the years and will complement our efforts immensely to help us scale. We look forward to leveraging BlockTeam’s network of investors, technology specialist, and their marketing capabilities in this sector.”

The managing partner at BlocTeam, Jesse Tevelow also said that:

“We are thrilled to invest in Runs.com to fund their global expansion strategy. We are very impressed with the approach Runs.com has taken to disrupt a monopolistic market like eCommerce with a fully decentralized, democratic, and open source marketplace. We are also very happy with the execution skills of the Runs management team and their global strategy to address massive markets, spanning 125 cities in 25 countries around the world.”

BlockTeam Capital LLC managing Partner, Simon Bogdanowicz reiterated that:

“We are excited to invest in Runs.com. We will bring together our digital marketing capabilities and the network of investors that we are engaged with around the world to establish a win-win outcome for all parties in our network.”

The co-founder and CTO of Runs.com, Dr. Artit Wangperawong said that:

“Blockchain technology is uniquely poised to disrupt how companies operate. Particularly for eCommerce, merchants and consumers would benefit from a decentralized platform operating on a blockchain to reduce transaction overheads and costs. We are investing in this technology now to prepare for the demands of the new age economy. The success of our efforts today could pave the way for how we transact in the future.”

Runs.com blockchain-based e-Commerce platform is based in Singapore, with offices in New York and Banglore. The project has patented a new method of tracking and identification of goods, called ‘Experience Keeping Unit.’ The XKU tracks three significant parameters which are Story, Source, and Sustainability.
The XKU helps track items for inventory. It can be assigned to both tangible and intangible things.

About BlockTeam

BlockTeam is a VC firm focused on blockchain technology startups. The firm uses three main lenses to evaluate opportunities: Team, Traction, and Technology.
The team has worked with more than 40 startups in the DLT industry.

For more information visit https://runs.com/
Team: https://www.linkedin.com/company/runs-com/
Whitepaper: https://runs.com/files/runs_whitepaper.pdf
Email: [email protected]

The post Runs.com Form Strategic Alliance with Blockchain VC Firm, BlockTeam Ventures appeared first on ZyCrypto.

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