Root Blockchain has signed a 1M (USD)
strategic investment agreement with Pecunio
Root Blockchain has officially signed a 1M (USD) strategic investment agreement with Pecunio. The agreement is mutually beneficial and will strengthen the development of both companies. Root Blockchain is thrilled by the long term partnership and look forward to working with Pecunio.
About Root Blockchain:
Root Blockchain employs a unique mechanism to increase the speed of transaction confirmation on the blockchain, while at the same time keeping the costs low. Only digital fingerprints of the actual transaction data are stored in the blockchain. Storage of the actual data itself is optional. If data storage is opted for, Root Blockchain provides a separate secure digital vault for encrypted data storage. How does the project create value to the ecosystem and differs from competing projects Root Blockchain offers several business models: Private Blockchain — Customers may choose to have their own dedicated blockchain, where only their transactions will reside. Consortium Blockchain — A private blockchain for two or more parties. Consortiums are ideal for linking customers and vendors. Secure, encrypted data storage is provided as an optional feature. This is linked to, but physically decoupled from the actual blockchain. The entire Root Blockchain offering is wrapped in an API layer which ensure that businesses can easily be up and running in a minimal timeframe.
About Pecunio:
The platform’s products and services cover the whole lifecycle of blockchain innovation. Investors benefit from a sound business model, which returns fees from angel & venture capital (AC&VC) investments, initial coin offerings (ICO) and high-end cryptocurrency funds. What’s revolutionary about the platform is it’s newest product: the Pecunio Gold Coin, a gold-backed token. Pecunio will exchange physical gold in worldwide branches for tokens available as cryptocurrency on the blockchain. One Pecunio Gold Coin (PGC) represents exactly 1 gram of segregated, unallocated 999.9 fine gold from LBMA-approved refineries. In times of market turmoil, the PGC token will additionally be used as a tether, but asset-backed by real gold. USPs • MVP available (https://www.iconomi.net/dashboard/#/daa/PCC) • Sound business model • Already generates revenues • Strong and worldwide user base (60.000+) • Reputable partners (Ethereum, Iconomi, Vestarin) • Scalable solution ready for adoption.
