Today BlockApps announced that Liberty City Ventures led its $41 million Series B funding round. New investors in the round included Morgan Creek Digital, Eldetic Ventures and Givic.
Bayer was one of the company’s first big-name clients for the BlockApps TraceHarvest solution. While most blockchain food traceability solutions track agriculture supply chains from farm to fork, TraceHarvest goes one step further by also logging the seeds.
Another big name client is Blockchain for Energy (formerly OOC), the oil consortium founded by Chevron, ExxonMobil, Hess, and Repsol, which is using BlockApps’ Seismic entitlement offering. Energy companies rely on seismic data to identify oil and gas resources. Only a fraction of data is generated in-house, with much of it licensed for specific purposes. It’s the entitlement to the Seismic data that is managed using blockchain and smart contracts.
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