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ETHEREUM FUND PROVIDES $ 120 THOUSAND. FOR PHILADELPHIAN COMPANY TRANSPARENCY STARTUP TRUEBLOCKS

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ETHEREUM FUND PROVIDES $ 120 THOUSAND. FOR PHILADELPHIAN COMPANY TRANSPARENCY STARTUP TRUEBLOCKS

TrueBlocks received an award to continue working on a “completely decentralized way to access data from any Ethereum address or smart contract.” The money will support the project for the next six months.

TRANSPARENT FUTURE

The company's founder, Thomas J. Rush, believes the world is where transparency is king. By the time someone could check the organization’s accounts … in real time.

“I’m fascinated by how transparent I can be and hopefully we can help with this.”

Perhaps this is a noble goal, but it is not necessary that everyone will share it. However, Rush has been all-in at Ethereum since his company was founded in the block space at the beginning of 2016. Previously, the company spent 15 years providing calendar and scheduling services on the Internet. Now Rush also organizes a meeting in Philadelphia Ethereum Blockchain.

“I fell in love with the data produced on the blockchain. I fell in love with the idea of ​​a system that would allow us to solve problems that are much more than we ourselves can solve. ”

Price analysis

RESEARCH BUSINESS

Rush says that TrueBlocks work is somewhere between a traditional business model and a research project.

“I'm just trying to figure out what you need to do to get the data to as many people as possible without breaking privacy.”

To help in this matter, Rush, along with software engineer Edward Mazurek, provides developers with open source software libraries, as well as solutions for accounting, auditing and monitoring for consumers.

Is it possible that TrueBlocks will be able to achieve its vision of the future. It is interesting to see such a project in the blockchain space, where privacy is often as highly valued as transparency. Surprisingly, these two factors do not often collide with heads.

DURABLE FOUNDATION

The grant is part of a wider round of funding for twenty people and organizations totaling almost $ 3 million. USA. The creator of Ethereum, Vitalik Buterin, founded the Swiss fund Ethereum in 2014. He regularly holds rounds of funding for projects working in the block zone, and also supports individual developers who devote their free time to Ethereum blockchain projects.

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