Blockchains, LLC is a blockchain company who has acquired another blockchain-based company called Slock.it in order to increase its technical capabilities. Slock.it isn’t only acquired for the increase of these technical capabilities, but the blockchain-based company is also acquired for the speeding up of digital asset custody & digital identity solutions development of Blockchains, LLC. The development of a model called the governance model related to its planned distributed collaborative entity and other projects will also be speeded up.
Christoph Jentzsch and Simon Jentzsch are the founders of slock.it. They are known globally. Christoph will be the vice president of technology at Blockchains, LLC while Simon Jentzsch will be the director of blockchain development at Blockchains, LLC.
Christoph Jentzsch said, “We have the same passion for creating a sharing economy powered by blockchain, and for creating a safe and secure entry point to the third-generation World Wide Web.” He is said to be an integral part of a project called Ethereum project. He helps the Ethereum Foundation as a lead tester.
The blockchain company Blockchains, LLC is devoted to conceptualizing, building, and incubating ideas which are based on the blockchain. slock.it is recognized as the leading innovative blockchain development company across Germany. The main focus of the slock.it is to connect real-world devices with the blockchain.
The further development and expansion of the existing products of slock.it will be supported. Incubed is one of the products of slock.it. The main purpose of incubed is to connect the internet of things (IoT) devices with Ethereum blockchain. An IoT-layer solution will also be supported. Addressing problems related to security and interoperability in the existing IoT systems is the main purpose of the solution.
The commitment of the blockchain company Blockchains, LLC to an ecosystem called the Ethereum blockchain ecosystem is illustrated further through this alignment. A series of open-source tools for the Ethereum developer community can be released through this alignment soon, GlobeNewswire reported.
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