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Crypto exchange Binance invests in blockchain startup Numbers

Image by Binance

Fri, 24 Jan 2020, 04:43 am UTC

Crypto exchange Binance announced its support for Number’s mission to create an open, transparent and traceable data system by investing in the blockchain startup.

Based in Taiwan, Numbers is a blockchain protocol focused on data traceability and monetization. It has been closely working with Shoah Foundation, Stanford University and IBM for its Starling project that aims to establish the data traceability and verification systems to preload the applications on HTC's blockchain smartphone Exodus.

Binance is positive that working with Numbers will make Binance Chain, its proprietary blockchain platform, more accessible.

“The Numbers team has strong technical backgrounds and expertise in building blockchain applications with practical use cases. We are happy to have Numbers as part of the Binance ecosystem,” said Gin Chao, Binance Strategy Officer.

“Numbers app is integrated with Binance Chain through Zion, a hardware-based key management system and offers the developer community easy access to use the Binance Chain and for hardware wallet protection, digital signature and so on.”

Numbers has developed an open-source application that assures data traceability and digital evidence, thereby allowing individuals to own and monetize their personal data..

“The investment from Binance will help us explore more use scenarios and accelerate technological and business development. We are also working to open the libraries we built for the developer community in 2020 so that more developers can leverage our work and use the Binance Chain with more ease,” Bofu Chen, co-CEO of Numbers, said.

Last month, Binance made a strategic investment in crypto derivatives exchange FTX. Prior to that, it had invested in Mars Finance, a Chinese crypto and blockchain-focused news website, and acquired JEX, a Seychelles-based crypto trading platform.

On Tuesday, Binance announced in a press release that it just launched its global peer-to-peer (P2P) Merchant program. The exchange launched the program to meet its customers' increasing demand and to deliver higher liquidity.

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