Slock.it, a Berlin, Germany-based developer of a blockchain infrastructure platform for the sharing economy, raised $2M in seed funding.
The backers were not disclosed.
The company intends to use the funds for the development of the Universal Sharing Network (“USN”) project.
Incepted in November 2015 by Christoph Jentzsch, CEO, and Stephan Tual, COO, Slock.it is advancing the Universal Sharing Network project, which seeks to enable both companies and individuals to rent, sell or share any connected smart object.
Build on top of the public Ethereum blockchain, the USN will provide users with a set of mobile and desktop applications to find, locate, rent and control any object mediated by smart contracts, from anywhere in the world.