LongHash is a platform for accelerating the development and understanding of blockchain technology. Besides, it is also a global blockchain incubator. It is backed by the Singapore government, said its first batch of LongHash hatch incubation blockchain startups have raised a total of US$9.7 million. Moreover, it follows its 12-week program that ran from January to March.
The LongHash hatch incubation program is aimed to help blockchain startups. It provides them with seed funding and venture building support. Before this, its first run concluded with a demo tour across countries. It includes Singapore, Shanghai, and Berlin.
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Here is the list of five startups that participated in the program:
Poseidon Network
Poseidon Network is a Taiwan-based project. It enables its users to monetize underutilized bandwidth and storage. Besides, it operates from any desktop, mobile, or network-attached storage device.
T-RECs.ai
T-Recs.ai is a Singapore-based project. It helps enterprises and households go green. In other words, it helps people purchase Renewable Energy Certificates from any solar generator globally.
AlphaWallet
Alpha Wallet is a minimalist construction wallet. It enables companies to quickly build and launch their blockchain applications or services around tokenized assets.
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Keyless
Keyless is developing a platform that combines biometrics technology with a portable infrastructure for identity to ensure data privacy.
Lition
Lition is a Germany-based project. It develops the scalable public-private blockchain. Besides, it has deletable features for commercial products in mass markets.
LongHash said it’s currently running its second batch. The second batch goes from June to August. Besides, it is now in partnership with Parity Technologies to support the development of Polkadot. Meanwhile, polkadot is a blockchain protocol that allows independent blockchain networks to communicate.
The incubator also recently announced the recruitment for its third batch. In its third batch, it will be in partnership with blockchain platform Zilliqa. Most importantly, projects in this batch will be guaranteed US$20,000 in grants. Other than that, Successful applicants will be notified by August 30, 2019.
