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Waves News

Published on April 26th, 2012 | by admin

Waves Vostok Private Blockchain Secures Funding

The Waves Platform, a public blockchain, has secured a $120 million investment in its first funding round to launch its own private blockchain VOSTOK. The private blockchain has been specifically developed for large enterprises including public institutions. Initial reports suggest that with the success of the first funding round VOSTOK’s initial value could be $600 million.

Sasha Ivanov, the founder and CEO of the Wave Platforms stated:

“The Vostok project lies at the intersection of several disruptive technologies, including blockchain, big data, artificial intelligence and the industrial internet of things.”
He added: “By implementing those in the IT infrastructures of corporations and government agencies, we lay the foundation for the digital economy.”

Ivanov sought out Investors in Vostok’s potential target markets for the first round of funding. Further funding rounds are planned plus a possible ICO which will take place on the Waves Platform. Existing Waves Token holders will also benefit from the launch of VOXTOK as Ivanov has promised an $18 million hand out to holders.

 

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