Where to Buy Akoin
The Akoin project is very exciting, based on our technology review, for customers and small businesses who will benefit from their innovative services. Akoin will create an entirely fresh and entirely customized shopping experience for consumers.
As an example, the technology of Akoin could revolutionize the way we pay for services: allowing you to directly affect the price of products you have previously purchased. Using smart contracts and unique token technology, consumers could directly send funds directly from their bank account to a marketplace wallet to ensure payment for the product. This is one of the many exciting uses of blockchain that we’re exploring at Hyperledger.”
“We are grateful to IBM and the Hyperledger community for their support and the successful closing of this financing round. The Series C round, led by Bain Capital Ventures, will support our continued expansion and investment in the AKoin platform. Since our Series A round in May 2015, Akoin has focused on building a scalable and efficient market infrastructure to support decentralized markets as they emerge.”
“The market for an immutable blockchain has exploded in recent months. There is a fundamental disconnect between the massive benefits of distributed ledgers, and the lack of maturity in the consumer blockchain user base. Akoin provides a next-generation approach to creating the operating system that will enable services on these networks to scale up rapidly while enabling all of their stakeholders to participate in the services at a variety of price points.”
Also participating in the Series C financing were existing investors;
- GMT Ventures
- Ribbit Capital
- RRE Ventures.
Akoin has raised a total of $16.5 million to date. The Series C round also included key strategic investments from Lynett Capital, from among the family offices and funds run by media mogul Barry Diller, and cryptocurrency and blockchain investor, Wall Street veteran, and Goldman Sachs’ alum, Max Lu. Lynett Capital led the Series C round in Akoin with Lynett’s Managing Partner, Jason Feifer, joining the company’s board of directors.