BERLIN, April 1, 2019 - Tachyon, the first ever blockchain-focused accelerator launched by ConsenSys Ventures, today announced the details of its second cohort. The accelerator, which was launched in the fall of 2018, will continue to back the most promising startups building on Ethereum across three main tracks: blockchain for-profit, open source, and social impact projects.
The second cohort, commencing today from the German Bundestag, brings together 11 companies from across the globe focused on building new solutions and platforms across data privacy and identity, advanced encryption, healthcare, AI & IoT solutions, decentralized finance, microinsurance, and other sectors. The program will continue with the second cohort programming taking place between Berlin and San Francisco. The selected companies will benefit from a comprehensive start-up accelerator program which includes meetings and lectures from prominent entrepreneurs, Ethereum developers, and venture capitalists — as well as access to ConsenSys’ network.
Kavita Gupta, Managing Partner of ConsenSys Ventures said, “We continue believing in providing support to promising entrepreneurs that need the accelerator format to refine their projects and ideas. With the backing of the ConsenSys and Ethereum ecosystems, we aim to provide all the necessary tool-kits for our entrepreneurs to succeed both in the short term and in the long run.”
The opening session at the German Bundestag today features talks from various disciplines at ConsenSys, including early-stage startup incubation, legal, and marketing, as well as introductions from each of the 11 teams participating in the accelerator. Alexander Kulitz (FDP) MP, discussed the importance of accelerator programs like this to support entrepreneurship in Germany.
"The best support a government can give to innovative entrepreneurs and start-ups is to avoid unnecessary and unneeded regulations,” said Alexander Kulitz, (FDP) MP. "It is not up to the politicians to decide if a product or an entrepreneurial idea should be successful or not. The decision has to be made by the demand of the people on free economic markets. Politicians are only to guarantee a level playing field on free and fair markets."
Below are the details of each company selected to be part of the Tachyon 2.0:
Genomes.io is DNA data bank that uses blockchain and encryption technologies to allow users to query and share segments of their genome using a repeat consent model. Genomes.io offers a secure and private DNA sequencing, storage and sharing solution that brings together individuals (data owners) and research organisations (data buyers) to power a more equitable move towards personalised medicine.
Blok-Z is offering blockchain-based solutions to the energy market by bringing together producers, suppliers and consumers in a decentralized manner. The company aims to connect people without access to electricity to distributed energy resources and allow local peer-to-peer energy trading over short distances will allow for much higher energy efficiency as well as cost-savings for consumers.
Glimpse is a protocol for self-sovereign identity set on separating the ‘who you are’ and the ‘what you do’ parts of identity. Its first use case is in online advertising. The Glimpse protocol provides a trusted intermediary between consumers and businesses, ensuring data never leaves the user's handset.
Sensor Link is developing a blockchain-based software architecture that will allow companies working in smart sensing technologies to provide guaranteed auditability to their end users. Their solution leverages blockchain to anonymously store proofs of authenticity of sensor data and machine learning binaries that can be retrieved in case of litigation (at low cost).
LawCoin is a litigation finance investment platform for investing and trading in shares of lawsuits. LawCoin issues security tokens representing equity interests in litigation. The
tokens are regulatory compliant and tradable on LawCoin and ERC-20 platforms. LawCoin provides needed liquidity for the rapidly growing litigation finance market. It is also a crowdfunding platform for donating to social justice, like CrowdJustice, but on the
Cypherock provides security storage solutions for blockchain based digital assets and private keys. The company is working on a patent-pending product which safeguards your cryptoassets in a simple and easy way. It does this through a personal distributed network of hardware devices (chip-embedded cards) among your very own trusted network of people. These cards contain the split recovery phrase for the private key so that crypto wallet users need not write their recovery phrases on a piece of paper, thereby providing a physical-digital solution for the safe custody of crypto assets.
Ether.Cards is a Singapore-based entity making cryptocurrencies physical. Customized printed cards can be distributed to users without any additional onboarding complexity. The team is working on including chip-embedded cards with increased privacy and programmability, and tap into the much larger markets of NFT’s and gaming by NFC-based integration with white-labelled mobile applications.
Sooho is a smart contract and transaction security firm based out of South Korea. The team is working on a prototype that will allow an automated/API-based smart contract audit and patching platform for enabling continuous secure development and an anti-fraud and AML compliance module focused on enabling the analysis of suspicious transaction activity from malicious wallets and smart contracts.
IBISA is a risk-sharing service — an alternative to micro-insurance — targeting small farmers worldwide. IBISA is based on a peer-to-peer architecture supported by blockchain and Earth Observation technology to reduce costs typically incurred by traditional insurer-centric paradigms. In case of risk materialisation, this approach leads to a more attractive compensation for farmers who contributed to the scheme via regular micropayments.
Linkdrop is the first technology that enables users or dApps to send digital assets to receivers through URLs without knowing their address in advance. The user feedback shows that onboarding non-crypto users via web2 inspired invite/referral links is a valuable use case for the entire dapp ecosystem.
Applicants can apply to the next Tachyon program at http://tachyoncv.vc/
About ConsenSys Ventures
ConsenSys Ventures is the external investment arm of ConsenSys that invests in pre-seed and seed stage Ethereum projects across the Web 3.0 stack. Sector and geography agnostic, ConsenSys Ventures is building a circular economy where companies feed into one another while supporting the broader Ethereum ecosystem. ConsenSys Ventures aims to tie the existing Web 2.0 to the emerging Web 3.0 stack. For more information please visit: https://consensys.vc
ConsenSys is transforming our present digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, we are helping individuals, enterprises, and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize cutting-edge cryptographic methods to safeguard private user data. We accomplish this through our unique global business developing the Ethereum blockchain, comprised of a startup incubator, Enterprise Ethereum consulting arm, and investment fund.