San Francisco based distributed ledger platform for structured data has raised a $3m Series Seed from General Catalyst, Greylock, Lightspeed, Pantera, Digital Currency Group, SV Angel, and others.
“I have been involved with blockchain projects since 2013. Five years ago, there was just Bitcoin,” said Yin Wu, CEO of Dirt Protocol, in a statement. “Now there is an entire ecosystem with alternative currencies and dApps (decentralized apps). But in this new decentralized world we still rely on centralized sources of truth — Twitter determines who is real and CoinMarketCap determines the price of a cryptocurrency. There needs to be a way to determine what is true and build trust without a centralized arbiter.” She added, “We are building Dirt to solve this problem. Dirt is a protocol that crowdsources trusted information which rewards honesty and penalizes lying. Without relying on any single curator, Dirt is doing to data what Wikipedia did to the encyclopedia.”