The team behind the Waves Platform team announced that it has raised $ 120 million in a recent fund-raising round with private investors, and will channel capital into the creation of a private blockchain and a systems integrator called Vostok.
https://t.co/aLHSwAlflF #Vostok, being part of $ Waves ecosystem, it is international like Waves.
– Sasha Ivanov (@ sasha35625) December 19, 2018
The Vostok project is already under development and the launch for the Asian and European markets is scheduled for the beginning of 2019.
Corporations and government agencies
The waves emerged from ICO's success in 2016 and positioned themselves as an effective smart alternative to the market leader in Ethereum.
Although The Waves' public blockchain is indeed faster than the Ethereum network and has allowed digital startups to create their own tokens, it is Vostok's private capabilities that are now expected to attract a broader corporate interest.
Sasha Ivanov, CEO and founder of Waves and Vostok, believes that "The Vostok project is at the intersection of several disruptive technologies, including Blockchain, Big Data, Artificial Intelligence and Industrial Internet of Things. By implementing those in the IT infrastructures of companies and government agencies, we are laying the groundwork for digital economy ".
According to the company's press release, a London-based financial services group called Dolfin led the last round of financing and only investors operating in key Vostok target markets have been contacted to participate.
The financial commitment of these investors was only part of the equation of "They also needed to have the experience and motivation to use their company resources to promote the project, as well as a portfolio of projects for which Vostok technologies would be useful."
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