Perlin Buys Out Dispatch Labs Blockchain Development Project For Undisclosed Amount

According to the specifics of this latest agreement, the partnership will focus on things like value chain traceability — that will allow users to track their goods through the various stages of their ‘production and delivery.’

  • A quick glance at the terms of the deal show us that Dispatch’s ex CTO Zane Witherspoon will now serve as Peril’s tech development head.
  • As things stand, the financial aspects (i.e. tx details) of the deal are still not clear.

As per an announcement made earlier today by a spokesperson for Singapore-based blockchain firm Perlin, the company has just bought out another blockchain startup called Dispatch Labs. In relation to the matter, it is being reported that Perlin has also acquired Dispatch’s talent pool as well as the firm’s “provisional and non-provisional United States patents”.

Dispatch’s previous CTO — Zane Witherspoon — will now be heading Perlin’s latest development activities.

At press time, the monetary specifics of the deal have not yet been disclosed.

Additionally, it bears mentioning that this latest acquisition comes at a time when Dispatch Labs was being faced with huge financial losses.

For those of our readers who may not remember, Dispatch Labs was able to raise a whopping sum of $13 million (via a series of private fundraisers) during the first quarter of 2018. However, owing to the market slump that rocked the industry all through last year, the value of this raised capital dropped quite considerably.

Over the past six months or so, Perlin has been involved with a number of blockchain projects for various major companies such as:

(i) Asia Pacific Rayon: One of Asia’s first fully integrated viscose rayon producers.

(ii) International Chamber of Commerce: The world’s largest business conglomerate consisting of more than 45 million businesses (including big name players such as Amazon, McDonalds and PayPal.)

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[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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