Chain is a blockchain technology company that partners with financial firms to build and deploy blockchain networks that transform markets. The company develops and maintains the Chain Open Standard, an open-source blockchain protocol for high-scale financial applications. Chain's platform includes Chain Core, an enterprise-grade production node, and the Chain Sandbox prototyping environment.
Key Strategic Focus
Chain's strategic focus is on providing ledger-as-a-service technology that enables organizations to securely track and transfer balances in a token format. The company's blockchain technology helps to securely manage financial assets in a token format on private ledgers and seamlessly transfer them across public networks, enabling financial institutions to offer programmatic and peer-to-peer transfer of digital assets.
Financials and Funding
Chain has raised a total of $43.9 million over several funding rounds. Notable funding events include a $9.5 million Series B round in August 2014 and a Series C round in September 2015. The company was acquired on January 1, 2020.
Leadership Team
- Deepak Thapliyal: Chief Executive Officer
- Zhihua Lan: Chief Financial Officer
- Simon Sardorf: Chief Technology Officer
- Maya E: Chief People Officer
- Header Huang: Chief Product Officer
These executives bring extensive experience in blockchain technology, financial services, and product development, positioning Chain to effectively navigate the evolving digital asset landscape.
Competitor Profile
Chain operates in a competitive blockchain technology landscape, with key competitors including:
- BlockCypher: Founded in 2013, BlockCypher provides blockchain infrastructure and web services, offering APIs for developers to build blockchain applications.
- Axoni: Established in 2013, Axoni focuses on distributed ledger technology for capital markets, providing solutions for post-trade processing and data synchronization.
- Tierion: Founded in 2015, Tierion enables data verification and storage on the blockchain, allowing users to create verifiable records of any data or process.
These companies, along with others like AlphaPoint and The Open Application Network, contribute to a dynamic and rapidly evolving blockchain industry.
Strategic Collaborations and Partnerships
Chain has engaged in strategic collaborations to enhance its market position and technological capabilities. Notably, the company was acquired by Interstellar in 2018, a move that combined Chain's blockchain technology with Interstellar's expertise in financial services, aiming to accelerate the adoption of blockchain solutions in the financial sector.
Operational Insights
Chain's focus on providing secure and scalable blockchain solutions for financial institutions positions it as a key player in the digital asset space. The company's emphasis on ledger-as-a-service technology and its strategic partnerships enable it to offer comprehensive solutions that address the evolving needs of the financial industry.
Strategic Opportunities and Future Directions
Looking ahead, Chain is poised to leverage its technological expertise and strategic partnerships to expand its offerings in the blockchain space. The company's focus on secure and scalable solutions positions it to capitalize on the growing demand for blockchain applications in financial services and beyond.
Contact Information
- Website: www.chain.com
- Headquarters: San Francisco, CA, United States
