Fenbushi’s Dispatch-ed for blockchain building in Asia
San Francisco-based Dispatch has received an investment from Fenbushi Capital, as well as partnering with its affiliate company Fenbushi Digital.
Financial details were not disclosed but Dispatch, creator of the Dispatch Protocol, allows developers to create distributed ledger applications.
Dispatch says it will work with Fenbushi and its partners to capitalise on opportunities throughout Asia.
Fenbushi Capital is a venture capital firm investing in blockchain-based protocols and solutions that can “democratise global opportunities”.
“Dispatch is in an exceptional position to help entrepreneurs and enterprises in multiple industries as they create impactful, data-intensive blockchain applications,” says Bo Shen, founding partner at Fenbushi. “The Dispatch team and their data-centric protocol allow us to work together to build a global community and cultivate ideas into real-world blockchain solutions.”
Dispatch’s zero knowledge analytics and its delegated asynchronous proof of stake (DAPoS) allows businesses to build blockchain solutions with “zero transaction costs” and is backwards-compatible with the Ethereum network.
Applications built on the dispatch protocol are HIPPA (US Health Insurance Portability and Accountability Act of 1996) and GDPR compliant.
Dispatch has a number of proprietary, patented technologies. Dispatch Zero-Knowledge Analytics is its data management solution that stores encrypted data in its Dispatch Artifacts Networks (DAN), enabling companies to comply with regulations and store personal information.
