Antshares Blockchain, a Shanghai-based open-source blockchain project, has raised more than $4.5 million in a crowdsale to complete building out its innovative Antshares Blockchain under an Onchain framework, which will digitize, record and track physical goods and assets, ranging from real estate titles to corporate equity, from supply chain assets to creditors’ claims.
Antshares was developed by Chinese startup Onchain Blockchain Services. Onchain is an open-source “universal blockchain” platform, incorporating a framework which allows public, permissioned (consortium) or private blockchains, and will eventually allow interoperability among these modes.
“Our vision is to make Onchain a truly universal Blockchain framework,” said Da Hongfei, founder and CEO of Onchain and creator of Antshares. “Utilizing different plug-in modules, our framework could be applied for a public chain, a consortium chain or even a private chain. Our cross-chain adaptor module, currently under development, creates interoperability among these different chains.”
Antshares ICO is the first significant Chinese ICO, in which 6119.53 BTC was raised in August/September crowdsale, with over 50 percent of the participants from outside of China. Also, Antshares is the first Chinese blockchain project to work with both Microsoft Azure and the Hyperledger Project.
Since the close of the ICO, the Antshares team has been readying its wallets (in both Chinese and English) and mainnet for global release, which will take place by the end of October, said Hongfei. It is also developing its web wallet and mobile wallet (iOS/Android/WP), which will be released at the same time as the mainnet.
Onchain recently received the Award for Excellence in Innovation in Blockchain Technology from Frost&Sullivan, and was also named a KPMG China Leading Fintech 50 selection.
