Cofound.it Selects Five Blockchain Startups for New Seed Program

Cofound.it, a distributed platform for token crowdsales, has launched a new program for early-stage Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term companies called Seed. The program will introduce the selected startups to its 'Priority Pass' community earlier in the process for a round of presale funding before the public ICO.

Jan Isakovic, Cofound.it CEO and co-founder, said: “Our seed program incubates early-stage blockchain startups, while continuing to reward and engage our existing Cofound.it community and Priority Pass members. A Cofound.it Seed project will have the opportunity to validate their business idea and raise enough funds to fully develop their product and team before introducing their offering to a wider public.”

The first projects selected to launch Cofound.it Seed are: Aversafe - a decentralized credential verification network; BLOCKIE - a platform for creating new decentralized applications (DApps); Legacy - a last will solution for smart property and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term; MediaSifter: a decentralized news aggregator; and UNICO - a creator of decentralized digital collectables.

David Prais, Head of Cofound.it Seed, said: “We have selected five great startups which stood out as clear contenders to disrupt the status quo of their industries. Through Cofound.it Seed, we hope to give these projects early advice and insight on their product offerings to increase their chance for a successful crowdsale in the future.”

Cofound.it plans to launch around 10 startup projects this year, with an additional 30 projects expected to launch in 2018.