Hangzhou, China based Blockchain startup Baoquan has raised $3.6m in angel funding led by Dingfeng Capital, Zhejiang Tsinghua Yangtze River Delta Research Institute of Hangzhou Branch, Jia Hui Ze Co., and Dr. Lu Chunquan. The company aims to offer blockchain solution for practical issues with more than five years of experience in digital currency and blockchain.
There have been growing demand for accessing external data from financial institutions and other users. Shuqin Technology developed ShuXin, a blockchain-based platform, for mainstream financial institutions in 2017. By merging legal and compliance data from various sources, Shuxin offers big data service in risk-control, anti-fraud and marketing. Dr. Wang Maolu, co-founder and Chief scientist of the company, commented on the funding: The positioning of big data + block chains is recognized as an effective path for the development of blockchain by the capital market. The combination of big data and blockchain will be an important engine for the development of the company.