Swirlds, a College Station, TX-based hashgraph distributed consensus platform, raised a seed funding round of undisclosed amount.
The round was led by Ping Identity, an identity defined security company. In addition to its strategic investment in Swirlds, Ping plans to work with Swirlds and is announcing a technology preview program with an aim to create a new standard for Distributed Session Management.
Led by Dr. Leemon Baird, founder and CEO, Swirlds provides a platform to build and run shared worlds — fully distributed applications that create trust in peer-to-peer networks without the need for a central server.The Swirlds hashgraph aims to go beyond blockchain, providing new capabilities not previously possible with existing blockchain technology, and enforcing fairness, which is needed for matching buyers and sellers in auctions and stock markets.
The company is just coming out of stealth launching its platform for public download and use by developers to build smart contracts using Java, and go beyond contracts to build entire shared worlds.
Swirlds has also realised a white paper on the hashgraph consensus algorithm (read here).
FinSMEs
10/06/2016