Decentralized Database-as-a-Service provider and leading Chinese blockchain’s strategic relationship to further accelerate Asian blockchain adoption.
Blockchain-based database provider Bluzelle today announced that it had received US$1M from NEO Global Capital, the investment arm of China’s leading blockchain platform – cementing a strategic partnership between the companies.
This contribution adds to the global partnerships Bluzelle has been putting together, including: Global Brain (Japan), Hashed (Korea), Kryptonite 1 (UK), True Global Ventures (Europe).
“We have long admired Bluzelle’s ambition to become the Oracle of decentralized Database-as-a-Service (DDaaS), and we see their technology as being an integral part of the NEO ecosystem,” commented Roger Lim, Partner in NEO Global Capital.
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“We are excited to invest in the future of DDaaS, and look forward to companies building on NEO to have a reliable database service they can use to make their products more powerful.”
Designed to solve the data storage and management woes of decentralized applications, Bluzelle’sDDaaS will use blockchain to provide a solution that removes points of failure, increases the efficiency of scaling, provides improved privacy and immutability of data, and enhances overall performance.
“NEO has a bold vision to accelerate the adoption of blockchain in Asia, and is working closely with both industry and regulatory bodies to make it a commercial reality,” commented Pavel Bains, CEO and co-founder of Bluzelle.
“We’re thrilled to have the opportunity to work more closely with them to significantly advance the progress of blockchain in Asia.”
In January, Bluzelle successfully raised $19.5m in an initial coin offering (ICO). Bluzelle sold 33 percent of its total pool of 500 million crypto tokens to 7,058 people and organizations.