Andreessen Horowitz’s A16Z Crypto Fund Leads Oasis Labs Blockchain Cloud $45M Fundraiser

2018-7-10 10:47

New cloud computing startup Oasis Labs has hit the mark of $45 million in a private coin offering pre-sale. The pre-sale is to raise capital for their new developmental blockchain platform purposed to compete with Amazon Web Services.

The sale, run by Andreesen Horowitz’z new A16 Crypto Fund, received funds from Accel, Binance, Pantera, Polychain, Metastable, Foundation Capital, Electric Capital, DCVC and CoinBase’s co-founder. According to the press release, the two most notable figures who made contributions were Fred Ehrsam of CoinBase and Oasis Labs CEO Dawn Song. The new startup is aiming to develop core features, Song stated, to be opened for public use very soon.

We are excited to introduce Oasis Labs! We’re building a privacy-first, high-performance cloud computing platform on blockchain. Learn more and join us! https://t.co/a3MBEEQbby pic.twitter.com/VQTfmogSoA

— Oasis Labs (@OasisLabs) July 9, 2018

The startup’s blockchain is mostly what is gathering so much attention from investors. Song staed that the new architecture of the platform gives users the ability to verify their identity with less duplication while keeping the integrity of the system secure.

In the experiments performed on the platform, they saw orders with greater impact than even that of Ethereum. It’s the infrastructure of the system that carries more computational power with aspects of Artificial Intelligence and Machine Learning, in ways that are not possible with the current blockchain technology available.

Security and privacy are placed into each layer existing on the network. The result is a blockchain with security running through top to bottom. Two other important features available on the system are the ability to ensure transactions are verifiable, not requiring nodes to see private data or smart contracts leaking sensitive information.

The new apps built on the system are also different because they are already being created for previously existing system. An example is the machine learning infrastructure that gives users developing smart contracts the ability to operate training and inference right inside the smart contract, at the same time protecting the secure data within it.

The platform is also compatible with Ethereum’s platform, making for a seamless transition that will be easy for any developer to take advantage of. The platform will be easily used with tools that already exist, making it comfortable for the people using it.

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New ‘Trust Machine’ Blockchain Film Tackles Politics of Technology

Tinseltown turns its gaze back to technology in “Trust Machine: The Story of Blockchain,” which opens on Oct. 26 at Cinema Village in New York City. However, unlike most popular media representations of the cryptocurrency revolution, Alex Winter’s new documentary film doesn’t dwell on the price of bitcoin or its frequently alleged ties to criminal […] The post New ‘Trust Machine’ Blockchain Film Tackles Politics of Technology appeared first on Bitcoin News.

2018-10-25 17:15


New Song “Vitalik Buterin” By Producer Gramatik Inspired by Ethereum

Blockchain technology and cryptocurrency are influencing innovation and change across a spectrum of industries. The music industry already tested the waters of the financial benefits of blockchain technology, but Slovenian electro producer Gramatik has also seized inspiration from the blockchain to create a new track entitled “Vitalik Buterin.

2018-8-27 17:00


What is Nebulas?

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2018-7-11 17:30


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Benson Oak is providing $100M to set up a dedicated investment fund for blockchain ventures

Benson Oak, a Prague-based investment bank, has announced it is raising $100 million to launch an investment fund dedicated to the Israeli market with a focus on blockchain startups. According to a report from Israeli media outlet Calcalistech on Sunday, the new investment arm, called Benson Oak Ventures, has already secured $25 million and aims

2018-7-10 11:51


New Walmart Patent Uses Blockchain-Powered “Smart Delivery”

Last week, Walmart published a patent application entitled “Delivery Reservation Apparatus and Method” which outlines a new method of “smart delivery” using blockchain technology. The proposed system will use delivery lockers located at homes, transportation hubs, and places of work to safeguard delivered items until recipients can come and sign for the packages. Blockchain will […]

2018-7-10 05:03


5 Countries Team up to Combat Tax Fraud From Cryptocurrencies

A new taskforce involving five countries’ taxation regulators was announced on Monday, July 5.  The announcement by the Inland Revenue Service (USA) will aim to increase cooperation between the United States of America, the Netherlands, Australia, Canada, and the United Kingdom in order to combat crimes committed using cryptocurrencies, specifically tax evasion.

2018-7-9 14:59


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