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.
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Blockchain company Centrifuge wants every business to get paid on time
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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.
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