ConsenSys Ventures Selects Its Next Blockchain Projects For The Tachyon 2 Accelerator Program

ConsenSys Chooses Its Next Blockchain Startups For The Accelerator Program

The investment arm of ConsenSys, ConsenSys Ventures, has recently selected a total of ten startups in order to participate in its accelerator program, Tachyon 2.0. The announcement was made today, April 1st.

The Tachyon accelerator program is generally focused on creating blockchain-based solutions that can work among several different areas like finance or healthcare. According to the announcement, the companies will benefit from this new program in several ways.

They will receive lectures and their members will be able to meet up with entrepreneurs, Etehreum developers, and venture capital funds. These companies will have direct access to the whole ConsenSys network as well. The program will be based in San Francisco and Berlin.

It looks like this edition of the incubator program will also see a partnership with the lawmakers of Germany or, more specifically, the German Bundestag, the parliament of the country. The parliament will hold a session that will feature talks on several areas linked to the blockchain technology like marketing, legal and the early stage of startups.

According to Alexander Kulitz, a member of the German parliament, the best action a government can take is to give all the tools for the entrepreneurs and startups. He also affirmed that they have to do whatever they can to avoid unnecessary regulations, which scare away the people from the local market.

He also said that it is not up to the government the decision of whether a product should be successful or not and that only the people and the demand of the market can define such things, so the politician’s role is to level the playfield so that it can be free and fair.

About Tachyon

Tachyon was the first Ethereum-based startup accelerator ever launched. The program was started out by ConsenSys last June. The first edition saw a total of five projects which received from $75,000 to $100,000 USD. The original version of the program lasted eight weeks, around the same amount of time that this second edition will last.

Kavita Gupta, a managing partner of ConsenSys Ventures, has affirmed that the main goal of the initiative is to help these promising companies to have all the tools so they can create great products in the Ethereum ecosystem.

The list of selected companies for the second edition is as follows Genomes (DNA data bank), Blok-Z (energy market), Glimpse (identity protocol), (authenticity software), Lawcoin (financing for litigation), Cypherrock (security), (customized printed crypto cards), Sooho (smart contracts and security), Ibisa (micro-insurance) and LinkDrop (including digital assets into links).

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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