Nuggets Blockchain Gets Exclusive Lafayette Plug And Play Business Accelerator Selection


Nuggets Blockchain Company Exclusively Picked for Lafayette Plug and Play Business Accelerator

Nuggets, a blockchain-powered e-commerce payment that also serves as an ID platform has been selected to be part of the prestigious program for startups Lafayette Plug and Play business accelerator according to an announcement they made today. According to a report in the French Economic newspaper Les Echos, Nuggets was the only one selected of the 17 blockchain-based startups that had b

een chosen to participate in the program. This program is known in the retail and e-commerce industry as the leading business accelerator.

Location of The Program

The business program was established a the French firm Galeries Lafayette group, in collaboration with Plug and Play Tech Center, a company based in Silicon Valley, United States of America (USA). The main aim of the program is to assist startups by boosting their financial development through establishing valuable connections with leaders in e-commerce and retail industries.

Nuggets is joining Plug and Play global community as part of the business program. There have been several success stories from this particular project. Among the companies that benefited and grew from the program include PayPal, Dropbox, SoundHound, Zoosk and Lending Club. So far, the member companies have managed to raise more than $7 billion to fund the project since 2006.

Nugget Founder’s Statement

Founder and Chief Executive Officer (CEO) of Nuggets, Alastair Johnson, said in a statement that they as Nuggets are so excited for the opportunity that has been presented to them and especially being the only blockchain-based firm of the Lafeyette program.

He further said that the opportunity will give Nuggets a chance to meet, interact and connect with very many retail leaders, create valuable business relations and become a part of the most development minded and active startup community globally. He says that looking at the success stories coming from the global Plug and Play community, he can’t help but feel proud of getting the invitation to become part of that community.

Way Forward

Plug and Play brand as well as retail vertical in Silicon Valley have given startups an opportunity to join the program to create solutions in the US market. Plug and Play invests massively in a large network of startup members annually.

Nuggets developed their blockchain platform to assist users/consumers have control of their data. Users are able through their technology to make payments and confirm identities while keeping their personal information. The technology simplifies the e-commerce process and makes it more secure. It has done away with the hectic tasks of having to enter usernames, passwords and payment details.

Blockchain technology has advanced to such levels that it is now possible to combine trusted digital identities with IoT cryptographically. Such a system enables consumers to use biometric verifications to carry out transactions. They can now confirm identities, pay, login and interact with IoT services easier than using the traditional methods.

Nuggets has been into such promising deals in the recent past. For instance, it has had a partnership with Storiqa, a market place that allows the use of digital coins in buying and selling of commodities, as well as WeChat, A Chinese payment provider that has more than 800 million users and Alipay that serves more than 400 million people. In addition to such prestigious connections, the firm receives support from the UK Department for International Trade, the Mayor and the City of London, and has been chosen to be part of the lucrative Access India Programme.

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