Paris-based Stratumn, a blockchain developer platform that provides enterprise-grade tools for developers to leverage the features of public and permissioned blockchains into their applications has raised €600,000 in seed funding recently. The funding is a first of its kind for a blockchain startup in France.
In a round led by French VC firm Otium Venture and other investors including hardware bitcoin wallet Ledger’s CEO Eric Larchevêque, French blockchain startup Stratumn raised €600,000 in seed funding.
The Platform-as-a-Service (PaaS) model startup leverages public blockchains’ features such as the Bitcoin blockchain with its toolkit for enterprise developers.
With a new open standard called “Chainscript”, Stratumn has developed a platform that enables the recording of data and workflows, using the Bitcoin blockchain’s ability to store objective and verifiable proof-of-existence of data.
Stratumn was founded by Richard Caetano, developer of Bitcoin ticker app btcReport and Stephan Florquin, the former lead developer at French bitcoin exchange Paymium.
Speaking to CCN, Stratumn CEO Richard Caetano revealed that the startup is currently deploying proof-of-concept solutions for the healthcare and banking industries.