Antshares Blockchain Completes ICO Securing $4.5m and Microsoft Partnership

Antshares is the first Chinese blockchain project to work with both Microsoft Azure and the Hyperledger Project.

Antshares Blockchain, a Shanghai-based open-source blockchain project, announced today that is has raised over $4.5 million in a crowdsale to complete building out its innovative Antshares Blockchain under an ‘onchain universal blockchain’ framework.

The framework will digitise, record and track physical goods and assets, ranging from real estate titles to corporate equity, from supply chain assets to creditors’ claims.

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Series of Firsts

Antshares is the first open-source blockchain project developed in China and the first significant Chinese ICO with more than 50 percent of the participants from outside of China. 6119.53 BTC was raised in the firm’s August/September crowdsale.

It is also the first organic Chinese blockchain project to work with both Microsoft Azure and the Hyperledger Project.

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Da Hongfei, founder and CEO of Onchain and creator of Antshares, commented: “Our vision is to make Onchain a truly universal Blockchain framework. Utilizing different plug-in modules, our framework could be applied for a public chain, a consortium chain or even a private chain. Our cross-chain adaptor module, currently under development, creates interoperability among these different chains.”

The Antshares team has been busy since the close of the ICO preparing its wallets in both Chinese and English for global release, which will take place by the end of October.

The company is also developing its web wallet and mobile wallet for iOS/Android/WP, which will be released at the same time as the mainnet.

Universal Blockchain Platform

Onchain is an open-source “universal blockchain” platform, incorporating a framework which allows public, permissioned (consortium) or private blockchains, and will eventually allow interoperability among these modes.

The Onchain team, led by founder Da Hongfei, includes prominent developers and executives formerly with Huobi, BTCC, China UnionPay, Standard Chartered, State Street and Morgan Stanley.

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