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Jeff Garzik Launches Blockchain Startup Bloq
It would be wrong to say that blockchain technology has taken the banking sector by storm. The reality is the potential of the technology is being realized across multiple industries and even government authorities for record keeping purposes. 2015 has been a crucial year in this context as several leading banks, tech companies and start ups have joined forces to explore the technology – R3 blockchain consortium, Hyperledger to name a few.
Jeff Garzik, bitcoin core developers, together with Matthew Roszak, has started Bloq Inc. that delivers enterprise grade blockchain technology to leading companies across the globe. The startup has been modeled on Red Hat Inc., which helped businesses in developing and implementing Linux and other open-source software.
Bloomberg reported that Bloq charges $3,000 to $5,000 a month to develop new features for blockchain software and have access to 24/7 customer support. It has five customers, including bitcoin startups Circle Internet Financial Ltd, ItBit Trust Company LLC, and KnCMiner AB, and expects to soon add Foxconn Technology Group. PricewaterhouseCoopers LLP has agreed to sell Bloq's services to its clients, Garzik said.
"That opens up a lot of doors for us early in the company's lifetime," he said. "Companies know who to call at 3 a.m. if the blockchain is melting down."
The company will help clients implement technologies developed by the likes of R3, Garzik said.
He further said Bloq has raised less than $250,000 from his co-founder Matt Roszak's Tally Capital. It’s board of advisors includes bitcoin experts Andrew Filipowski, James Newsome, Nick Szabo, and Gavin Andresen.