ConsenSys announces 10 startups selected for blockchain accelerator program Tachyon

ConsenSys Ventures, the venture capital arm of ethereum development studio ConsenSys, has announced the names of 10 blockchain startups that have been selected for the second cohort of its blockchain-focused accelerator program Tachyon.

According to the official release, the second cohort kicked off on Monday, April 01, from the German Bundestag, the German parliament. The opening session featured talks from various disciplines at ConsenSys, along with introductions from the teams participating in the accelerator.

German member of parliament Alexander Kulitz said:

“The best support a government can give to innovative entrepreneurs and start-ups is to avoid unnecessary and unneeded regulations. It is not up to the politicians to decide if a product or an entrepreneurial idea should be successful or not. The decision has to be made by the demand of the people on free economic markets. Politicians are only to guarantee a level playing field on free and fair markets."

The selected companies are focused on building new solutions and platforms across data privacy and identity, advanced encryption, healthcare, AI & IoT solutions, decentralized finance, microinsurance, and other sectors. These include

• Genomes.io – a DNA data bank that uses blockchain and encryption technologies
• Blok-Z – a startup offering blockchain-based solutions to the energy market
• Glimpse – a protocol for self-sovereign identity set on separating the ‘who you are’ and the ‘what you do’ parts of identity
• Sensor Link – a startup developing a blockchain-based software architecture to allow companies working in smart sensing technologies to provide guaranteed auditability to their end users
• LawCoin – a litigation finance investment platform
• Cypherock – a provider of security storage solutions for blockchain based digital assets and private keys
• Ether.Cards – a Singapore-based entity making cryptocurrencies physical
• Sooho – a smart contract and transaction security firm
• IBISA –a risk-sharing service targeting small farmers
• Linkdrop – a startup that aims to enable users or dApps to send digital assets to receivers through URLs without knowing their address in advance.

These companies will benefit from a comprehensive start-up accelerator program which includes meetings and lectures from prominent entrepreneurs, Ethereum developers, and venture capitalists — as well as access to ConsenSys’ network.

“With the backing of the ConsenSys and Ethereum ecosystems, we aim to provide all the necessary tool-kits for our entrepreneurs to succeed both in the short term and in the long run,” Kavita Gupta, Managing Partner of ConsenSys Ventures said.