A blockchain technology startup has made two announcements that are part of the company’s strategy to facilitate the adoption of distributed ledger applications.
Bloq has announced at the DC Blockchain Summit that it launched BloqLabs to expand its sponsorship and support of open source projects in the blockchain sector.
“BloqLabs can set the tone for the blockchain era and ensure enterprises are tapping into every innovation from our vibrant community of developers,” said Jeff Garzik, CEO, and Co-founder of Bloq.
Apart from its own technology, BloqLabs will support the development of several foundational projects and platforms, including Qtum, Veriblock, Drivechains, bitcoinj and the Android Bitcoin Wallet.
“Open source is at the core of Bloq’s DNA, as both a patron and developer,” said Andreas Schildbach, developer at Bloq and the creator of the first bitcoin wallet for Android platform. He maintains the bitcoinj repository primarily used in bitcoin wallets and transaction services globally. “I’m grateful for Bloq sponsoring work in open source blockchain software,” he said.
Paul Sztorc, an economist at Bloq, commented: “The record is clear: open source is the way to go – it’s better, faster and more secure. I’m thrilled to have Bloq sponsor the project; few companies are this generous.”
Sztorc is a chief architect behind Drivechain, a technology that enables a blockchain system to mimic the properties of a rival thus providing complete interoperability between all blockchain networks.
Bloq has also revealed that it joined the Enterprise Ethereum Alliance (EEA), which is committed to drive and support the development of the Ethereum technology. Formed in February 2017, the alliance connects Fortune 500 enterprises, technology vendors, academics, startups, and Ethereum experts.
Jeff Garzik, the co-founder and CEO of Bloq, has been appointed to the EEA’s Technical Steering Board. “Initiatives like the EEA and BloqLabs will be critical to connecting enterprises with open source blockchain innovation,” he said. “We’re thrilled to contribute our time, energy and insights to this project, and I’m honored to be appointed to the Technical Steering Board.”
“Jeff [Garzik] is a legend of the open source community and has been one of the most prominent advocates for strong technical governance of public blockchains,” said Jeremy Millar, chief of staff at ConsenSys and board member of the EEA. “Combined with his experiences from the Linux Foundation, Red Hat and Bitcoin Core, Jeff is a tremendous addition to our technical leadership.”
Bloq has announced a number of projects over the last few months, inclding the co-launch of Vulcan Digital Asset Services together with PwC Australia and the acquisition of Skry, a pioneer in blockchain analytics.
Earlier this year, a professional services provider, Deloitte, opened a new blockchain lab in Dublin, Ireland. The developers at the laboratory are focused on developing blockchain solutions for the financial services industry.