The co-founders behind Centrifuge previously created Taulia a supply-chain financing company that raised over $150 million and still moves billions of dollars per day. Now, they want to do it again, but on the blockchain.
Centrifuge wants to take this one step further using blockchain technologies. The company plans to build an open-source protocol that uses the Ethereum blockchain as well as private sidechains, a marketplace of products and its own apps. The company raised $3.8 million led by Mosaic Ventures and BlueYard Capital. “We anticipate to release the first version of the protocol in about four months,” co-founder Maex Ament told me.