Israeli Blockchain Startup Synereo Announces RChain

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Israeli Startup Synereo has just announced a new product called  RChain – A Blockchain based technology stack, enabling decentralized on-line computation and storage without centralized servers.

Two weeks after the company’s announcement of its decentralized Social Media platform moving into alpha, Synereo discloses the underlying Technology Stack, enabling its Social Network to function without centralized servers – which are normally required for the processing of network activity and the storage of user information.

The newly announced technology combines significant improvements on existing decentralized technologies with developments unique to Synereo – providing for the first time scalable decentralized computation abilities on an industrial scale. Starting from Q4/2017, it will be possible to deploy fully operational applications on the system, without them having to be stored in a centralized location, effectively revolutionizing the way the internet works. 

Synereo’s recently announced fundraising campaign is intended to fund the refinement of its Tech Stack, as well as to push forward the development of best-of-breed developer tools. Synereo’s existing technology already allows fully decentralized and distributed applications to be created – its social network is one such application, and Synereo’s other partners are using it as well – and with the next release planned for next year, Synereo’s architecture will become mature enough to match high-end industry requirements and be competitive with centralized computing platforms.

Synereo has recently announced a sizeable grant project, inviting developers and entrepreneurs to develop decentralized applications for its platform, to foster the development of a decentralized ecosystem, competing with the current centralized paradigm.  

Synereo’s next version of its Tech Stack, to be released in 2017/Q4, will be composed of 4 layers, built on top of each other, as depicted on fg.01. 

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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