Today, San Francisco based Dispatch Labs announced an investment from and partnership with Fenbushi Digital, the affiliated fund of Fenbushi Capital ranked among the top five blockchain venture capital firms in the world by CB Insights, committed to investing in blockchain-based protocols and solutions. With its new investment, Dispatch will work closely with Fensbushi and its partners to engage and capitalize on key strategic opportunities throughout Asia.
“Dispatch is in an exceptional position to help entrepreneurs and enterprises in multiple industries as they create impactful, data-intensive blockchain applications,” said Bo Shen, Founding Partner at Fenbushi. “The Dispatch team and their data-centric protocol allow us to work together to build a global community and cultivate ideas into real-world blockchain solutions.”
Dispatch, creator of the Dispatch Protocol, allows developers to create data-intensive distributed ledger applications. By using Dispatch’s Zero Knowledge Analytics and its Delegated Asynchronous Proof of Stake (DAPoS) functionality, businesses can build fast, secure blockchain solutions with zero transaction costs that are backwards compatible with the Ethereum network and provide data privacy and data sovereignty for use cases such as Healthcare, Autonomous Vehicles, AI marketplaces, and smart cities IoT implementations. Applications built on the Dispatch Protocol are HIPPA and GDPR compliant. Dispatch has successfully launched multiple versions of its testnet distributed ledger, mobile wallet, smart contracts, and software developer kit, and will launch its Mainnet 3.0 in Q4 of 2018.
Dispatch has a number of proprietary, patented technologies. Dispatch Zero-Knowledge Analytics is its data management solution that stores encrypted data in its Dispatch Artifacts Networks (DAN), enabling companies of all sizes to comply with numerous regulations and responsibly store personal information, greatly de-risking the centralized data businesses store today.
“Dispatch is excited to have both an investment and collaboration with Fenbushi as our partner in Asia expanding our global reach to an important part of our blockchain community,” said Dispatch CEO, Matt McGraw. “We share the same vision, and our team at Dispatch is thrilled to quickly contribute to the great community that Fenbushi has already built.”
Fenbushi Digital has brought together some of the earliest pioneers in the blockchain industry to invest in leading decentralized projects, leveraging novel token economic models to disrupt a wide range of industries.