BlockApps Raises PreSeries A Venture Funding Brings Ethereum Blockchain as a Service Cloud to China

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BlockApps, a leading enterprise Blockchain developer platforms using Ethereum technology, is expanding its global access of Blockchain as a Service (BAAS) to China by working in conjunction with market leading cloud providers Alibaba, Microsoft Azure China operated by 21Vianet, Tencent, and WanCloud.

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Victor Wong, CEO of BlockApps noted:

“Demand for BlockApps from enterprises around the world has grown exceptionally fast from the US to Europe, South America, the Middle East and now by working with the leading Chinese cloud providers, BlockApps will help them and their enterprise clients facilitate efficient Blockchain deployments.”

BlockApps has successfully closed its preseries A round in order to address global demand and expansion into China from clients in finance, supply chain management, retail, healthcare, payments processing, insurance and other industries.

Led by Fenbushi Capital, BlockApps’ capital raise includes Chinese and American Blockchain thought leaders including Black Pine Capital and its affiliate Jen Advisors, the Novogratz Family Office, Radiant Venture Capital, and Ventris Capital.

Bo Shen, Managing Director of Fenbushi Capital remarked:

“BlockApps is the most scalable and modular enterprise Blockchain solution available today. Given BlockApps’ early success on the Microsoft Azure and Redhat Openshift platforms in the United States, we look to help scale those efforts here in China. We see BlockApps as the infrastructural Blockchain database of companies in the future. Through collaboration with Fenbushi Capital, BlockApps has already begun working on two large enterprise engagements here in China, including a multinational insurer and a smart cities initiative. More information will be announced at the Wanxiang Blockchain Summit.”

Technical integration has begun with Alibaba, Microsoft Azure China, Tencent, and WanCloud.

BlockApps will be available as a singleclick enterprise deployment on these clouds before year end.

Marley Gray, Principal Project Manager at Microsoft relayed:

“BlockApps has been an exceptional Blockchain partner in supporting our clients globally. We are excited they have selected Microsoft Azure operated by 21Vianet to deploy their solutions in China, to helpbusinesses the ability to rapidly develop smart contract solutions that range from proofs-of-concept to full production solutions.”

Gary Liu of Alibaba added:

“Due to strong client demand for Ethereumbased permissioned Blockchains, Alibaba is looking forward to hosting BlockApps in our cloud marketplace, Alibaba Cloud Computing. BlockApps is cutting edge Blockchain technology that our enterprises will be able to use seamlessly to build Ethereum smart contracts to optimize their workflows, reduce costs, and improve transparency. ”

James Hu from Tencent:

“Tencent is proud to host BlockApps in our cloud marketplace, Tencent Cloud. The Chinese enterprise developer community has been eager to experiment with Ethereum and from our research, BlockApps is the leader in the enterprise Blockchain space. ”

Tom Tao, General Manager of Wancloud, Wanxiang’s newly formed cloud said:

“Wanxiang has been receiving rapidly growing requirements from China local enterprises to help them adopt Blockchain into their real businesses. To partner with BlockApps and bring its leading enterprise Blockchain platform BlockApps STRATO to Wancloud BaaS platform is one of our series of steps to bridge the leading edge Blockchain technologies with China’s local enterprise market. Wancloud will not only provide a turnkey Blockchain environment on the cloud, but also help local enterprise clients to integrate it with real business processes and existing IT systems through Wanxiang Blockchain consulting services. We believe it will create tremendous value to both our clients and BlockApps.”

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission'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 in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. 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, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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