The Bitfury Group and First Block Capital today announced they have invested in Emercoin and will support this provider of blockchain solutions for customers around the world. The decision to support and invest in the Emercoin Blockchain will enable Bitfury to expand the scope of future applications it designs, the report states.
“Bitfury is a big fan of Emercoin technology, which offers great potential for proof of work and proof of stake mining,” — said Valery Vavilov, CEO of the Bitfury Group. “In the coming months, we will develop creative ways to use this new technology, which provides both flexibility and security, to launch new pilot projects that solve complex problems for governments, companies, institutions, and individuals around the world.”
Additionally, Emercoin today announced the creation of a new advisory board. Board members include van der Chijs, renowned venture capitalist Bill Tai, a member of Bitfury’s board of directors; and George Kikvadze, executive vice chairman of Bitfury.
“A road system is only useful for commerce if it has street addresses,” said Tai. “Emercoin’s technology takes the internet’s addressing system to another level securely, and it could be a foundation for identity on blockchains.”
The Emercoin Blockchain by now claims to offer: Anti-counterfeiting, domain name services, digital time-stamping & digital ownership as well as decentralized advertising and decentralized, peer-to-peer voice-over IP communication.