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Three winners of the global startup competition were announced at the CoinAgenda conference.
CoinAgenda, the conference for Bitcoin and cryptocurrency investors, announced three winners of its world startup competition, which was pursued in partnership with BitAngels. The two top winners will take part in the Money 20/20 conference in an event called CoinDebut.
The competition was held during October 8-9 in Las Vegas. The judge panel featured Tally Capital CEO Matt Roszak, William Quigley from Clearstone Ventures and Stephen Waterhouse from Pantera Capital.
Indian mobile bitcoin wallet ZebPay received the first place and the best presentation. Texas-based Factom, the blockchain-based technology for tracking and auditing documents, received the second place and the best pre-launch firm. Californian startup Rivetz, a developer of bitcoin security products, received the third place.
CoinAgenda producer and BitAngels co-founder, Michael Terpin, said: We were blown away by the quality of the companies who presented. The VC panel was also quite impressed, calling it one of the best selections of early-stage bitcoin companies they’ve seen anywhere.”
All the participants were judged by such criteria as the level of innovation, the quality of the team and the market opportunity the startup presents.
“We were blown away by the quality of the companies who presented,” Terpin said. “The VC panel was also quite impressed, calling it one of the best selections of early-stage bitcoin companies they’ve seen anywhere.”
According to Terpin, ZebPay was highly appreciated for its credibility. “In the case of ZebPay, [the panelists] liked that the founding team had built successful companies before, including the largest bitcoin exchange in India,” he said.
Factom provides ledgers for tracking transactions and is also able to implement thousands of transactions in a single hash.
Terpin commented: “With Factom, it was the sheer potential of being able to tie all the world’s data to the blockchain in a compressed, yet searchable, format that has extensive real-world applications. From medical records to real estate, combined with a team featuring some of the top veterans of the nascent bitcoin 2.0 space.”
Speaking about Rivetz, Terpin said that the startup was appreciated for its huge market opportunity. The company offers the first Trusted Execution Environment (TEE)-secured bitcoin keys for wallet vendors and enables users of computers, smart phones and other devices to ensure safe transactions.
Factom and Rivetz will be presenting their products for the media and investors at the Money 20/20 conference called CoinDebut. Other participants in the event will include eSpend, Swarm and Ziftr.
In the beginning of 2014, BitAngels reported it invested $7 million in twelve startups, including GoCoin and CoinTerra.