The US-based blockchain startup Spring Labs announced that sixteen fintech companies have joined their partner program before the release of its spring protocol in a press release dated January 17th.
Spring Labs, which raised $ 15 million in funding last year, aims to release anti-fraud technology in the form of a private P2P data sharing technology powered by blockchain.
At the same time, he convened the SFIP (Spring Founding Industry Partners) program, a research effort comprising partners aimed at further reducing fraud and increasing security before the public release of the Protocol.
Now, sixteen other small businesses and fintech lenders have joined the program.
"As more and more financial transactions move online, new types of fraud-based ID and information-sharing verification solutions need to be developed," Noah Breslow, CEO of one of the new participants, OnDeck Capital, commented on the press release :
"We believe the Spring Labs team has the right background to galvanize industry leaders around creating a new and innovative network."
Spring caught the press in October when it revealed that it had hired Gary Cohn, the former chief economic adviser to US President Donald Trump, to work on his advisors' council.
The role of P2P blockchain technology could play in data security has become a concern of various players recently, with projects such as & # 39; Internet of People & # 39; of CoinBene also in progress.