Backing Theta Labs and Orchid, Shoucheng and DHVC are Betting Big on Blockchain
As a tenured professor in the Department of Physics at Stanford and also an academician at the American Academy of Sciences, Prof. Shoucheng Zhang is famous for his work on topological insulator and the recent discovery of the “Angel Particle”. Despite all his fame in academia, Prof. Shoucheng Zhang has another name in the valley — founding Chairman of DHVC(Danhua Capital).
It’s not surprising to find DHVC active in the crypto space given Prof. Zhang can always catch the right trend in technology. Earlier thi month, Theta Labs, a subsidiary of live streaming platform SLIVER.tv, has raised $12M in its token pre-sale to build a decentralized, blockchain-powered video streaming network and DHVC is its lead investor.
Theta Labs states that it will address some current issues in the video content and streaming industry including low quality streaming, the high cost of content delivery and the limited revenue flow back to content creators. The way to solve these problems is to offer a decentralized alternative with an incentive mechanism, supported by blockchain. Dovey from DHVC speaks highly of the potential of blockchain being used in video-streaming industry: “Content delivery networks by nature can leverage decentralization and blockchain technology very well. We are excited to be part of Theta, and its vision to disrupt and redefine the entire global video industry as we know it today.”
In fact this is not the first time that Prof. Shoucheng Zhang and his team bet big on blockchain. Earlier this year, another investment was made by DHVC in the crypto space — Project Orchid, which is aiming to build the private Internet.
Prof. Shoucheng Zhang was granted the Guggenheim Fellowship in 2007, the Humboldt Research Award in 2009, the EPS CMD Europhysics Prize in 2010, Qiu Shi Excellent Scientist Award in 2011, the Oliver E. Buckley Condensed Matter Prize by the American Physical Society in 2011 and the Dirac Prize in 2012. In 2013, he and Stephen Hawking was given the Physics Frontiers Prize. In addition, he won the Benjamin Franklin Medal in 2015.
He will be attending our Blockchain Connect Conference on Jan 26, 2018 in San Francisco to share his insights on the future of blockchain technology. Click here to find out more.
