Securing funding as a blockchain startup is not an easy task these days. Unless one can find one or a handful of major investors, it will be difficult to scrape funds together. Stratis, a relatively new company, held a Bitcoin crowdfunding campaign to reach funding. So far, they secured US$100k, helping them on their way.
Most people will not have heard of the name Stratis before. This UK-based blockchain company wants to develop a unique blockchain development platform. In doing so, they expect to accelerate the development of new blockchain apps by enterprises and organizations.
As one would come to expect from such a developmental environment, creating and managing blockchains is a matter of minutes. Unfortunately, this will all be about private blockchains , which can be customized by the user. Every private chain will be “secured’ on the Stratis chain, and allow for token movements through a two-way peg. Stratis ICO Is Underway
It is not the first time such a custom blockchain development ecosystem is created. Stratis will develop a Bitcoin full node framework, to create a solid foundation for the service itself. Moreover, the team is focusing on using C# instead of C++, as it is a more popular programming language for business applications.
The crowdfunding campaign for Stratis is being held in the form of an ICO . Tokens will be issued to all investors, which are used to fuel the parent and side chains of the network. One could also use the token as a payment method for the dapp hosting functionality, or use it to pay for the blockchain-as-a-service part of the service.
Stratis’ ICO page mentions the following: “Following the ICO, we will deliver a Stratis beta wallet based on Bitcoin Core. This will allow investors to hold and secure their own coins, […]
