Luxembourg-based startup Scorechain has just launched the big data platform of the "Blockchains". This Bitcoin compliance solution provides analysis and market data, tracks activity and identity, today for Bitcoin transaction and later for digital or smart contacts.
The startup has raised half a million euros of seed funding to start its activities in Europe.
As a disruptor to the financial industry, Scorechain will propose all the tools to build trust in the Bitcoin/Blockchain ecosystem. The blockchains are public and decentralised, all the transaction are known but anonymous.
The company wants to provide analysis and market data, track activity and identity, today for Bitcoin transaction and later for digital or smart contacts. Its goal is to create the Big Data platform of the "Blockchains".
Scorechain CEO Pierre Gerard stated "We understood quickly that VC in Europe were quite reluctant to invest in Bitcoin startups. It’s changing now but 9 months ago when we started it wasn’t easy. 900 millions USD have been invested in Bitcoin/Blockchain startups and only a few millions in Europe (less than 5 in France and Luxembourg!) So we targeted business angels and we met really smart investors! Some of them already knew Bitcoin and Blockchain and were looking for startups to invest in and the others had a good knowledge of the financial and we convinced them that there are huge opportunities for creating values in a company like Scorechain".
