Thursday January 28, 2021
Bitcoin (BTC) $31,076.00   Ether (ETH) $1,276.79
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Capital Raising

Applied Blockchain secures investments from Shell Trading and Calibrate Partners

Published by CryptoNinjas.net
01/18/2018
Applied Blockchain secures investments from Shell Trading and Calibrate Partners

Applied Blockchain Ltd, a London-based blockchain start-up, has secured its first funding round with investments from Shell Trading International Ltd (Shell) and Calibrate Partners LLP for minority stakes in the company.

Founded in 2015 and based in London’s Level39 Fintech Accelerator, Applied Blockchain develops blockchain applications with a focus on distributed ledger technology and smart contracts.

The start-up grew organically through 20 successful client engagements in two years and was featured in Gartner’s 2017 ‘Market Guide for Blockchain Consulting and Proof-of-Concept Development Services’ report. Its clients include global players in banking, telecoms, automotive, manufacturing, aviation, as well as a range of blockchain start-ups and partners. This agreement marks the first entry into the energy industry for Applied Blockchain.

Prior to making an investment in Applied Blockchain alongside Calibrate Partners LLP, Shell selected the start-up as the winner of a development competition for Shell’s downstream businesses.

Adi Ben-Ari, Founder & CEO at Applied Blockchain, said:

“Our experience as one of the earliest companies delivering blockchain solutions into production for both start-ups and corporates has provided us with a unique perspective on the value, and challenges, associated with the technology in the real world. The investments and partnerships will accelerate our growth and enable us to deploy our solutions to a truly global business ecosystem.”

Johan Krebbers, Chief Technology Officer for IT at Shell Global Solutions International, said:

“Blockchain applications have huge potential to shake up how we do things in the energy industry from streamlining process to simplifying how we work with our suppliers and serve our customers. Investing in Applied Blockchain is part of our commitment to use digitalization to create value in our core business and develop new business models.”

Remy Kesrouani, Fund Manager and Partner at Calibrate, who also participated in the investment round, said:

“We believe in the long-term promise and process innovation that blockchain brings and believe Applied Blockchain is strategically positioned to lead in this space. We are particularly excited to partner with Shell and Applied Blockchain to innovate in commodity trading.”

FacebookTwitterLinkedinRedditE-MailTelegram

Related Posts

Applied Blockchain Crypto Ninjas

Applied Blockchain releases zero knowledge proof library for enterprises

07/16/2019
Applied Blockchain sets up Porto office

Applied Blockchain chooses Porto as its development center for European expansion

07/30/2018
Applied Blockchain selected as Travel Ledger Alliance development partner

Applied Blockchain selected as Travel Ledger Alliance development partner

03/12/2018
Load More
Leave Comment

Recent Updates

Multi-chain oracle platform Paralink Network raises $2.8 million

Moonbeam completes test integration of ChainBridge, the network’s first bridge to Ethereum

Crypto asset manager app ICONOMI adds support for automated trading

Wallet app for CommerceBlock’s Bitcoin sidechain now operational

Japan crypto exchange bitbank adds support for QTUM

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Crypto exchange Bitpanda opens pre-orders for Visa debit card

Moonbeam and Ocean Protocol to bring a new data economy to Polkadot

Crypto API platform Zabo now supports FTX

BetProtocol rebrands to BEPRO Network offering full blockchain gaming codebase

NEM Ventures launches 2021 NEM Ignite incubator program

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version