The demand for blockchain identity startups are rapidly increasing in the financial technology (fintech) scene, primarily because of a blockchain-based identity platform’s ability to settle the transfer of data and transactions with substantially lower costs and time consumption.
Earlier this month, on July 5, 2016, an Atlanta-based blockchain identity company called Trump Stamp received over US$110,000 of cash funding from a French multinational advertising and public relations company Publicis, for winning the prestigious Gold Award in the Publicis ceremony at the Viva Technology conference in France.
Trump Stamp was selected as one of the 320 finalists out of nearly 3,500 applicant companies from 141 countries, after a 6-month process of thorough evaluation and verification of the technologies and products offered by each startup. At the final stage of the competition, the Atlanta-based startup became one of the 90 startups to be funded, mentored, and assisted by the multi-billion dollar media company Publicis Groupe.
The competition’s hosting and sponsoring companies, 45,000 attendees and 41 million social media followers were intrigued by Trump Stamp’s diversity of innovative technologies that are applicable to any industries which require the use of P2P applications and sharing platforms.
By levering the blockchain network and using “Trust and Identity as a Service,” Trump Stamp showcased efficient methods of utilizing a custom built blockchain network to meet the demands of the financial industry.
The cash investment from the Publicis Groupe brings the total funding of the company to US$230,000, including an investment of US$120,000 Trump Stamp received as a Microsoft supported Bizspark Plus startup and a Global Entrepreneur Partner of IBM.
The Trump Stamp team and its CEO Andrew Gowasack believes that the resources and assets which the Publicis Groupe can provide to the company is much greater than the financial support itself. Over the next 12 months, Trump Stamp aims to work […]
