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Sunday, May 9, 2021
Home News Coinsilium invests in Indorse.io Decentralised Professional Network

Coinsilium invests in Indorse.io Decentralised Professional Network

Coinsilium,  the accelerator that finances and manages the development of early-stage Blockchain technology companies, is pleased to announce the completion of its investment of SG$100,000 (circa £56,100) in Indorse Pte. Ltd. through a convertible loan agreement. Indorse is a Singapore-based company developing a Blockchain-powered decentralised professional network. In addition, Coinsilium will receive an entitlement to an undisclosed number of Indorse digital tokens to be issued by Indorse in the next few months.

The announcement comes on the back of exciting crypto related news emerging from Singapore. The Monetary Authority of Singapore recently announced that phase one of tokenising Singaporean Dollars through an ethereum Blockchain has been successfully completed. Indorse is a Singapore-registered company launched by Ethereum and smart contract tech experts based in the country.

Highlights

  • Investment of SG$100,000 (circa £56,100) completed in Indorse Pte. Ltd., a Singapore-based company developing Indorse (www.indorse.io)
  • Indorse is a unique Blockchain-powered, skill-based, decentralised professional network
  • Indorse aims to revolutionise professional social networking using new models of tokenization and decentralization
  • Coinsilium CEO, Eddy Travia, to join the Indorse Board of Advisors

Eddy Travia, CEO of Coinsilium, stated:

“We are very excited to invest and support skill-based professional network Indorse and its founding team. As the multiple benefits of decentralised platforms become apparent to the millions of members of today’s centralised social media networks we believe there will be a natural pattern of migration towards this new generation of decentralised platforms. Indorse will also allow users to profit from sharing their skills and activities on the platform via reward tokens. This is a new and game-changing model in a multi-billion-dollar social media industry and we are confident that Indorse has the requisite skills and talent to propel Indorse to become one of the world’s most popular decentralised social platforms.”

Richard Kasteleinhttps://www.the-blockchain.com
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 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 at over 50 events in 30+ cities.
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