nChain, a London, UK-based provider of enterprise-grade public blockchain solutions, acquired Crea, a Slovenijan software development and implementation firm with deep expertise in Bitcoin and IT security.
The amount of the deal was not disclosed. The acquisition further solidifies nChain’s position in its field and creates one of the largest Bitcoin development teams in the world, with a headcount of over 120. nChain and CREA previously worked together on several BitcoinSV infrastructure projects, which form the basis for nChain’s proprietary blockchain solutions. These products allow organizations to implement secure data storage, auditability, and payments solutions that can scale on the order of millions of transactions per day. nChain, which holds over 1,000 patent applications, recently announced that Calvin Ayre will join the company’s Strategic Advisory Board. The founder of CoinGeek Media and Ventures, part of the Ayre Group, also made an investment in nChain. FinSMEs 14/04/2020