- Nikil Swaminathan and Joe Lau founded this Alchemy company by raising money from alma matter, LinkedIn Corp, whose founder was Reid Hoffman.
- Chris Kelly, one of Alchemy’s investors, is involved in social media giants Libra cryptocurrency project was once a former Facebook Inc.
- The real use here is to distribute trust with certain transactions and contracts by blockchain effectively.
Nikil Viswanathan and Joe Lau, the graduates of one of the world’s best university Stanford, raised an out of about $15 million for the Alchemy who want to be Microsoft for the blockchain. These students from Silicon Valley and Stanford University are currently joining forces to back Alchemy, a two-year-old blockchain company.
Nikil Swaminathan and Joe Lau founded this Alchemy company by raising money from alma matter, LinkedIn Corp, whose founder was Reid Hoffman, Co-founder of Yahoo Jerry Yang and Charles Schwab (financier), the San Francisco based startup.
The company declined to give the details of its worth in funding round. Chris Kelly, one of Alchemy’s investors, is involved in social media giants Libra cryptocurrency project was once a former Facebook Inc. The legal chief said that he is expecting Alchemy to be a significant player. He also noted that the blockchain has taken off.
Everybody is only focusing on digital currencies. Still, the real use here is to distribute trust with certain transactions and contracts by blockchain effectively, so making the infrastructure right they were setting themselves for a great success. Though many companies like Wallmart Inc.
Have already started using Blockchain technology, they haven’t been widely known or embraced by the general public. To embrace this type of situation, the company Alchemy has included many services like crypto kitties and Augur the prediction market platform, accordingly to the users.
Later these discussions have gone further and catch on more broadly lead to a $1 million question, said Arthur Carvalho, the assistant professor of information systems and analytics at Miami University located in Ohio. The problem is, “do we need blockchain?
These two graduates have already created an application for college students previously under the name Down to lunch, which helps the students to invite their friends to lunch at the same time.
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