DECENT, a Swiss startup developing a peer-to-peer content distribution platform, has announced its international expansion during its initial coin offering (ICO) – which raised about $4 million (5700 Bitcoin) to date. Since the crowd funding commenced in mid-September, DECENT has opened an office in Shanghai China, brokered several business partnerships, and established a blockchain development hub in Yerevan, Armenia.
DECENT revealed that it is currently in negotiations with multiple Chinese business partners and has announced partnerships with two rapidly-growing Chinese firms: Beijing Fastweb, a leading content delivery network with over 150 locations and existing partnerships with every major telecom carriers in China, and Aikxian, one of the world’s fastest-growing video live-streaming companies.
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Co-founder of DECENT Matej Michalko said: “Pushing into China is a benchmark moment for our company. There is so much potential in the Asian market and the thirst for blockchain-powered solutions, especially to problems like piracy, is growing by the day.
We are also excited about our developments in the Caucasus. Armenia has presented itself as a fertile climate for software developers who have their hearts set on innovating in blockchain technology. To that end, we are establishing the first-ever blockchain hub in Yerevan and hope to gain backing by the Armenian national government, which will dramatically accelerate blockchain expansion in the region. Many throughout the world are unaware that the area is a hotbed for talented software developers and technology enthusiasts, who will be key to fueling education and adoption in this corner of the globe and beyond.”
Powered by blockchain technology and torrent-like seeding protocols, DECENT is designed to remove third party manipulation, protect user privacy and prevent content piracy. The DECENT ICO concludes on November 6, 2016. After its conclusion, DCT tokens will be issued investors no later than Q2 2017.