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Blockchain, meet the 2030 global goals.
ConsenSys, an ambitious Brooklyn software company founded by blockchain guru Joseph Lubin, has launched a $50 million in-house venture capital fundto back startups turning the distributed-ledger technology on global challenges like refugee assistance, distributed energy, and supply-chain tracing.
The firm employs more than 150 former bankers, management consultants, mathematicians, engineers and techies to build and support ventures developing new services and business models built on the blockchain. The new venture fund signals the firm’s intention to demonstrate the potential of the emerging digital transaction architecture to transform the lives of world’s poor...
"I believe resolutely in the 100-year mission of blockchain: to completely change the way society functions through decentralized technologies,” says Kavita Gupta, who was tapped to head the fund.