Blockchain Startup Bloq Acquires Blockchain Analytics Pioneer Skry

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Bloq has acquired Skry, a pioneer in Blockchain analytics, to enhance its suite of analysis tools and position the firm to maximize the value of Blockchain data sets through artificial intelligence and machine learning. Bloq is a leading enterprise software company focused on building and scaling Blockchain networks for leading global companies.

The transaction, which closed on February 24, is Bloq’s first acquisition and includes all of Skry’s intellectual property and team.

“Blockchain networks need more than a rudimentary finder or explorer,” said Jeff Garzik, CEO and Co-founder of Bloq. “We’re ensuring that enterprises won’t have to ‘fly blind’ without a complete understanding of the performance, economics and irregularities of their underlying networks.”

Skry’s platform allows clients to manage, visualize and analyze Blockchain data from disparate sources. It allows users to detect anomalies – such as a DDoS attack, spike in transaction fees or certain block dynamics – both on public and private Blockchains.

“Blockchain networks will create the greatest data sets we’ve ever seen,” said Matthew Roszak, Chairman and Co-founder of Bloq. “Leveraging machine learning techniques will enable faster and enhanced decision making, while uncovering insights and massive opportunities along the way.”

“Bloq is one of the few Blockchain software companies with a comprehensive vision for what enterprise customers need to launch and manage Blockchain networks and applications,” said Fabio Federici, former CEO and Co-founder of Skry. “Its team stressed interoperability and painstakingly engineered its technology from day one to be Blockchain-agnostic. I’m excited to have Skry be a part of that future.”

The acquisition comes just months after Bloq co-launched Vulcan Digital Asset Services, a platform to enable digital assets to be used for banking, commerce and asset related services, with PwC Australia.

The terms of the acquisition were not disclosed.

 

 

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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