Platin Proof-Of-Location (PoL) Protocol Receives Backing From EOS Global Ecosystem Fund
Platin Receives Backing From EOS Global Ecosystem Fund
The Platin Proof-of-Location protocol has received financial backing from Global EOS ecosystem fund, the VC subsidiary of the EOS blockchain foundation.
Platin secured the funding after demonstrating the abilities of their unique protocol at a hackathon competition organized by EOS in San Francisco, California. The event required developers to create solutions based on the EOSIO blockchain protocol.
The support from EOS is an indicator of the growing popularity of the Platin Proof-of-Location protocol. According to its developers, this protocol can disrupt several industries such as the supply chain, charity, commercial airdrops and many others.
Lionel Wolberger, the CTO of Platin, said that the funding will assist their company in improving their protocol as they prepare to integrate it into the EOSIO blockchain.
On the other hand, Dan Larimer, the CEO of Block.one, stressed the importance of the Proof-of-Location technology and said that they were excited by the impending integration of Platin into EOSIO.
The Platin Proof-of-Location protocol is designed to assist investors in pinpointing the location of their digital assets.
Block.one is a leading provider of blockchain-based solutions. It is the company behind the EOSIO open-source blockchain protocol. Block.one has designated $1 billion to support promising blockchain projects through the EOS venture capital fund.