Platin Secures Investment from EOS Global’s Block.one-Backed EOS Ecosystem Fund

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.

Tel Aviv, Israel — January 30, 2019 — Platin, the world’s leading decentralized Proof-of-Location (PoL) protocol, today announced that it has secured investment from EOS Global’s EOS ecosystem fund, a partnership fund of Block.one’s EOS VC investment unit.

Platin, which will now build on Block.one’s EOSIO blockchain software, secured the investment after it showcased the capabilities of its innovative PoL protocol during the San Francisco leg of Block.one’s EOS Global Hackathon series. The San Francisco event saw 475 participants from 26 countries competing to build value-driven applications utilizing the EOSIO platform in a 26-hour competition. It was part of a five-event series sponsored by Block.one, which awarded over US$1.5 million in prizes to events’ winners.

The investment is evidence that the Platin’s PoL protocol is gaining traction and has real-world utility and viability. The protocol has use cases in several fields such as humanitarian aid, commercial airdrops, and supply chain, among others.

Platin CTO, Dr. Lionel Wolberger commented, “The investment from EOS Global is an important step for Platin as we seek to integrate our Proof-of-Location technology as a key component of a sustainable and robust EOSIO ecosystem.”

“Proof-of-Location is an important technology and an integral component of the blockchain infrastructure of the future,” said Block.one CTO Dan Larimer. “We are thrilled that Platin and its one-of-a-kind protocol is joining the EOSIO ecosystem.”

The investment will allow Platin to access top ecosystem projects and resources available to EOSIO-related organizations.

“We consider EOSIO a new, powerful smart contract engine, with robust consensus and community governance models based on Dan Larimer’s long experience in the space,” said Platin’s CEO, Allon Mason, “Being part of the EOS VC portfolio of companies will accelerate Platin’s Proof-of-Location integrations with EOSIO-based DAPPs and will also assist our overall business strategy and execution.”

About Platin

Platin (Platin.io) combines location data with a lightweight and secure Proof of Location (PoL) protocol to enable geospatial capabilities in the decentralized world. With Platin anyone can geo-locate a digital asset (cryptocurrencies, documents, images, etc.), anywhere on the map, anywhere in the world, in real time. This is made possible through open, privacy-preserving zero-knowledge proofs developed as part of the Platin protocol.

With Platin, any digital asset can now have a fixed location in physical space. This incentivizes individuals, organizations and large groups of people to move and interact with digital assets – and each other – in brand new ways. Developed by a world-class team of professionals and academics experienced in blockchain, security, mobile and AR, Platin enables unique use cases not possible until today through its decentralized protocol based on incentivized location witnessing. Platin’s protocol is interoperable and extensible, with the potential to transform every industry, from retail to humanitarian aid, from automotive to supply chain, security, finance and more.

Website: https://platin.io

About Block.one

Block.one is a global leader in high-performance blockchain software. In June 2018, Block.one completed the world’s largest token sale to date and released the EOSIO blockchain protocol software, a major piece of open-source software that allows companies and developers to build blockchain solutions that benefit from levels of scalability and efficiency that have not been previously possible in blockchain.

Block.one also has committed over US$1 billion to create EOS VC, a venture capital unit that aims to help develop and support the EOSIO ecosystem through venture partnership funds and investments. EOS VC’s fund partners include Derek Rundell of Eric Schmidt’s TomorrowVentures, Michael Novogratz’s Galaxy Digital, Finlab AG, Michael Cao’s EOS Global, and City of London-based SVK Crypto.

Website: https://block.one and https://eos.io


By Readers$type=blogging$cate=2$count=6


Analysis,498,News,2998,Press Releases,338,Sponsored,137,
CryptoNomus: Platin Secures Investment from EOS Global’s Block.one-Backed EOS Ecosystem Fund
Platin Secures Investment from EOS Global’s Block.one-Backed EOS Ecosystem Fund
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy