UK blockchain firm Stratis raises €100,000 to develop blockchain applications

Crazy Review : Stratis, a blockchain solutions company in London, raised 100,000 euros worth of Bitcoin in its initial coin offering (ICO) to build a blockchain development platform for developing blockchain applications. Once the blockchain platform is successfully developed, Stratis will allow anyone to create and manage blockchains in minutes, and can customize users' own side chains. Small companies can experiment with blockchains, not just large companies like JPMorgan Chase and Deutsche Bank.

Translation: Nicole

As the UK recovers from Brexit, Stratis, a London-based blockchain solutions company that wants to build a blockchain development platform for developing blockchain applications, has raised €100,000 worth of Bitcoin in an initial coin offering (ICO).

The ICO started in June, and Stratis offered blockchain tokens that will be used to run the Stratis blockchain and sidechain functions, which are available to all participants in the ICO. Stratis raised 84 million Stratis tokens in the process of selling tokens to investors.

Once the blockchain platform is developed, Stratis will allow anyone to create and manage a blockchain in minutes, and customize their own sidechains, which are also protected by the Stratis mainchain. Developers and small companies can experiment with blockchains, not just large companies like JPMorgan Chase and Deutsche Bank.

Chris Trew, founder of Stratis, said: "In the evolving digital economy, our company's primary focus is on enabling blockchain services for the business community. Blockchain is a game changer, but barriers to entry still need to be removed so more people can use blockchain technology and realize its potential, ultimately positioning themselves to succeed in this ever-changing market."

Changing Blockchain as a Service (BaaS)

The Stratis platform itself will be a cloud-based platform and an open source Bitcoin full node framework written in C# and Microsoft. Using the Microsoft network framework instead of using Bitcoin's original C++ node with several added features will make it easier to maintain current nodes and more attractive to developers.

According to Stratis, Bitcoin Core developer Nicolas Dorier has also joined the Stratis team, bringing his expertise as well.

While Ethereum has its own smart contracts and WAVES has its own custom blockchain asset capabilities, Stratis will transform Blockchain as a Service (BaaS) by implementing custom private sidechains, which can reduce the time and resources required to clone the Bitcoin blockchain while providing organizations with the full functionality of blockchain technology ready to deploy at the click of a button.