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Blockstack

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Blockstack is an open-source decentralized computing platform. Blockstack software libraries enable developers to build decentralized applications.[1] Blockstack provides decentralized protocols for authentication, data storage, and software distribution.[2]

Concerns around internet privacy, security, and data breaches brought attention to Blockstack.[3] Software developers have used Blockstack to build decentralized alternatives to popular services.[4][5][6]

Blockstack was founded in 2013 by Muneeb Ali and Ryan Shea.[7][8] The company is headquartered in New York.

From 2017 to 2019 the platform raised around $75 million through a mix of venture capital and token sales.[9][10] In September 2019, the platform became the first company to conduct a registered initial offering with cryptocurrency tokens that is compliant to U.S. SEC Regulation A+.[7][11]

The companies that invested in Blockstack include Union Square Ventures, Lux Capital, Recruit Holdings, Arrington Capital, Frontier Ventures, and others.[12]

References

  1. ^ Corbyn, Zoë (2018-09-08). "Decentralisation: the next big step for the world wide web". The Observer. ISSN 0029-7712. Retrieved 2019-10-05.
  2. ^ Mühle, A.; Grüner, A.; Gayvoronskaya, T.; Meinel, C. (November 2018). "A Survey on Essential Components of a Self-Sovereign Identity". Computer Science Review. 30: 80–86. arXiv:1807.06346. Bibcode:2018arXiv180706346M. doi:10.1016/j.cosrev.2018.10.002.
  3. ^ Singh, Harminder (1 October 2017). "'New internet' looks to keep user data away from tech giants and bypass China censorship". South China Morning Post.
  4. ^ Fung, Brian (23 March 2018). "The new technology that aspires to #DeleteFacebook for good". The Washington Post.
  5. ^ Dillet, Romain (5 September 2018). "Stealthy wants to become the WeChat of blockchain apps". TechCrunch`.
  6. ^ Simonite, Tom (5 March 2018). "The Decentralized Internet Is Here, With Some Glitches". Wired Magazine.
  7. ^ a b Ehrlich, Steven. "Blockstack Prepares For Its True Test Following SEC Approval To Raise $28 Million On A Blockchain". Forbes. Retrieved 2019-10-06.
  8. ^ Vigna, Paul. "SEC Clears Blockstack to Hold First Regulated Token Offering". WSJ. Retrieved 2019-10-06.
  9. ^ Cuen, Leigh (2019-09-24). "This Dapp Shows How Blockstack and Ethereum Are Different". CoinDesk. Retrieved 2019-10-06.
  10. ^ "Blockstack raises $52 million to build a parallel internet where you own all your data". VentureBeat. 2017-12-04. Retrieved 2019-10-06.
  11. ^ "Reg A+ successes have required 'extensive revision' and some trade-offs with the SEC". finance.yahoo.com. Retrieved 2019-10-06.
  12. ^ "Blockstack concludes first Reg A+ token offering with $15.5M". finance.yahoo.com. Retrieved 2019-10-06.