Coinsilium Group, an accelerator that finances and manages the development of early-stage blockchain technology companies has announced the completion of its investment of SG$100,000 in Indorse Pte. Ltd., a Singapore-based blockchain powered, skill-based, professional network through a convertible loan agreement.
Indorse is a professional social networking platform. Indorse’s co-founders have demonstrated their ability to successfully deploy Ethereum blockchain technology and smart contract solutions for private companies and public institutions in Singapore, including the issuance of digital diplomas onto the blockchain for one of Singapore’s leading institutions of higher learning. The Indorse platform will be integrated with a number of decentralized applications (DApps) including Attores Certificate Issuance Platform, Inter-Planetary File System (IPFS), uPort identity system, Truffle, Spectrum, and Status.
David Moskowitz, Co-Founder, and CEO of Indorse commented:
“We are very proud to join the prestigious roster of Coinsilium’s portfolio companies and we look forward to Coinsilium’s support and guidance. Indorse has the aim to revolutionize professional social networking using new models of tokenization and decentralization and we believe that Coinsilium’s expertise and deep knowledge in this space will be a strategic advantage to reach our goals.”
“Indorse will also allow users to profit from sharing their skills and activities on the platform via reward tokens. This is a new and game-changing model in a multi-billion-dollar social media industry and we are confident that Indorse has the requisite skills and talent to propel Indorse to become one of the world’s most popular decentralized social platforms.”
Eddy Travia, CEO of Coinsilium, stated:
“We are very excited to invest and support skill-based professional network Indorse and its founding team. As the multiple benefits of decentralized platforms become apparent to the millions of members of today’s centralized social media networks we believe there will be a natural pattern of migration towards this new generation of decentralized platforms.”
Eddy Travia has also accepted an invitation to join the Board of Advisors at Indorse.
The Indorse white paper is now available for download.