Singapore-developed chat application Consentium and Mars Blockchain, a price-stable digital currency, have invested a seven-digit-dollar sum in Beowulf, a decentralised cloud network for telecommunications, according to a release.
Beowulf enables businesses to provide communication features without the typical barriers associated with call centers.
Consentium is a messaging app that allows users to earn cryptocurrency for engagement. It has raised a total of $42 million from the ICO route to date. Consentium’s Halo app will use Beowulf’s technology on the backend side.
Mars Blockchain’s shareholders include Singapore’s network of technology companies, Taiwan’s technology listed companies and other well-known equity investment fund companies.
“We are grateful to have Consentium and Mars Blockchain, two of Asia’s leading blockchain companies, backing Beowulf as we roll out our technology platform,” said Dr. William H. Nguyen, founder, Beowulf.
“Our infrastructure is blockchain, but our applications will be focused on real businesses and consumers. Beowulf, with the support of our amazing partners, will be able to completely disrupt the enterprise communications industry by providing a faster, better, and lower cost product to end users,” he added.
Recently, the company announced the launch of QUICKOM, a customizable and private QR code called service. The application is an inbound communication service that utilizes QR code technology to function.
Consentium raised a total of $20 million after its latest round of private sale last April. The proceeds include the $10 million it had raised in March 2018.