UPDATED 22:39 EDT / OCTOBER 08 2018

BLOCKCHAIN

Top investors back new Oasis Labs blockchain accelerator startup hub

Blockchain startup Oasis Labs Inc. today announced a partnership with a number of leading venture capital firms to launch a blockchain accelerator dedicated to privacy-first computing.

The Oasis Startup Hub, with backing from a16zcrypto, Accel, Binance Labs, Pantera Capital and Polychain Capital, will provider blockchain developers with guidance from investors, technical support and early access to “breakthrough technology” that works with Oasis Labs’ decentralized blockchain protocol.

“As high-profile privacy failures proliferate, the value of applications that put data protection at the heart of operations will only continue to soar,” Accel partner Jake Flomenberg said in a statement. He added that the hub is “an important step toward building a vibrant community committed to addressing serious issues in today’s computing landscape.”

Acting as a partner to blockchain startups, the hub includes the ability to consult with top VC investors via working sessions and private events; technical guidance including support from Oasis Labs engineers and on-demand support; and early access to Oasis technology before it’s made public.

“Never before have top-tier investors gotten into the trenches to foster a new ecosystem on blockchain that puts privacy first,” a spokesperson for Oasis Labs told SiliconANGLE. “It demonstrates strong demand and a vibrant community, a type of community that creates technology that may have prevented the latest Facebook data breach this past month.”

The hub has launched with several startups already onboard developing applications that require strong privacy protections, though it didn’t name them. Some examples include the development of decentralized credit scoring and distributed data marketplaces for artificial intelligence.

Oasis Labs itself was last in the news back in July when it raised $45 million in funding to assist it in building a cloud-based blockchain platform. It said it intended to outdo existing distributed-ledger implementations in two key areas: performance and privacy.

Those behind the company also stand out. Chief Executive Officer Dawn Song is a University of California at Berkeley computer science professor who has received the MacArthur “Genius Grant” and other major academic awards, while Chief Technology Officer Raymond Cheng is a postdoctoral researcher at the university.

The hub is looking for more applicants. Interested dApp developers can apply by submitting a proposal online via oasislabs.com/startup.

Image: Oasis Labs

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