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.

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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

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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