Dispatch, a San Francisco, CA-based developer of data-centric blockchain protocol, raised $6m in funding.
Among others, Fenbushi Digital made an investment via its affiliated fund Fenbushi Capital.
Led by CEO Matt McGraw, Dispatch has developed a protocol, which allows developers to create data-intensive distributed ledger applications. By using its Zero Knowledge Analytics™ and its Delegated Asynchronous Proof of Stake (DAPoS) functionality, businesses can build blockchain solutions with zero transaction costs that are backwards compatible with the Ethereum network and provide data privacy and data sovereignty for use cases such as Healthcare, Autonomous Vehicles, AI marketplaces, and smart cities IoT implementations.
Applications built on the protocol are HIPPA and GDPR compliant.
The company has launched multiple versions of its testnet distributed ledger, mobile wallet, smart contracts and software developer kit, and will launch its Mainnet 3.0 in Q4 of 2018.
With the investment and related partnership, Dispatch will work closely with Fensbushi and its partners to engage and capitalize on key strategic opportunities throughout Asia.