Oracle Extends Database Leadership with Oracle Database 21c 6439

Oracle announced that Oracle Database 21c, the latest version of the world’s leading converged database, is available on Oracle Cloud, including the Always Free tier of Oracle Autonomous Database. Oracle Database 21c contains more than 200 new innovations, including immutable blockchain tables, In-Database JavaScript, native JSON binary data type, AutoML for in-database machine learning (ML), and persistent memory store, as well as enhancements for in-memory, graph processing performance, sharding, multitenant, and security. Unlike other vendors’ single-purpose databases in the cloud or on-premises, Oracle Database 21c provides support for multi-model, multi-workload, and multi-tenant requirements – all within a single, modern converged database engine. In addition, Oracle today announced the availability of Oracle APEX (Application Express) Application Development, a new low-code service for developing and deploying data-driven enterprise applications quickly and easily. The browser-based, low-code cloud service enables developers to create modern web apps for desktops and mobile devices using an intuitive graphical interface.

“Oracle Database 21c continues our strategy of delivering the world’s most powerful converged database engine,” said Andrew Mendelsohn, executive vice president, database server technologies, Oracle. “It provides leading JSON document processing performance. It provides breakthrough operational database performance with Intel® Optane™ Persistent Memory support. It provides industry-leading analytic database capabilities with new Self-Managing In-Memory Column Store, highest performance graph processing, and AutoML for simplest machine learning model development. It provides Immutable Blockchain Tables for tamperproof SQL tables. Competing vendors require separate JSON document, operational, analytic, graph, ML, and blockchain databases and services to support these capabilities. Oracle’s converged database approach makes developers far more productive when building new applications, and makes it easy to later evolve applications to meet new business requirements.”

What Analysts are Saying about Oracle Database

“With the launch of Database 21c, Oracle has elevated its flagship database to a new level of convergence with broad support for a wide variety of data types and workloads,” said Carl Olofson, Research Vice President, Data Management Software, IDC. “The 200 new built-in innovations, including immutable blockchain tables and AutoML for in-database machine learning, elevate Oracle Database 21c to a new level of functionality, eliminating the need for specialized, isolated cloud services and tools to do those jobs. Users can avoid the compounding of costs and operational complexity that comes with each additional cloud service that organizations ordinarily use. In this way, Oracle is effectively slicing away at this disjointed set of services with a simplified, more technically elegant, and integrated approach that is far better suited for the enterprise needs of 2021.”

“Oracle’s latest converged database—Database 21c—focuses on making life dramatically easier for both users and developers. It supports and integrates an expanded range of data models and workloads, and includes built-in machine learning to eliminate the need for separate tooling and services by enabling organizations to run inference directly on their database, right next to their data. This is a refreshing contrast for organizations that leverage the likes of AWS, which has more than a dozen different databases, each requiring customers to deal with different APIs, ETL approaches and data integration processes. Oracle Database 21c transcends the barriers of a multi, isolated, and intrinsically non-converged, database approach,” said Mark Peters, Principal Analyst & Practice Director, ESG.

What Customers are Saying about Oracle Database

Headquartered in London, Aon is a US$46B global professional services firm providing a broad range of risk, retirement and health solutions. “We’ve never been able to see all of our Oracle sales and marketing data in one, unified system. It’s a real milestone. Using Oracle Autonomous Data Warehouse and Oracle Analytics Cloud, we’ve seen performance boosted by 50X to 60X that makes response times to complex sales queries from 500 power users much faster and analytics costs are significantly lower than our on-premises business intelligence tools,” said Liesbeth Mulder, Global Reporting Lead, Aon.

Angelini Pharma is one of the largest pharmaceutical companies in Italy. “The Quinaryo XRing solution has been an important step ahead in our IoT strategy to experiment with a wearable device integrated with a data security tool based on a blockchain table solution,” said Pietro Berretoni, Digital & Innovation Head, Angelini Pharma. “With Oracle Blockchain Tables, the solution provides tamper-proof records that can easily integrate with other applications without requiring a complex new infrastructure. Oracle Database includes all the tools we know and new features like Oracle Blockchain Tables that we can leverage with XRing for sensible data collection.”

New Innovations in Oracle Database 21c

Oracle Database 21c is the database engine that powers Oracle database services in the cloud and on-premises, including Oracle Autonomous Database, Oracle Exadata Database Service, Oracle Exadata Database Cloud@Customer, and Oracle Exadata Database Machine. The latest release includes more than 200 new innovations, which extend database convergence to new use cases, optimize performance, and improve developer, analyst, and data scientist productivity. Key innovations include:

  • Immutable Blockchain Tables: Blockchain Tables bring the key security benefits of blockchain technology to enterprise applications. Part of Oracle’s Crypto-Secure Data Management, Blockchain Tables provide immutable insert-only tables whose rows are cryptographically chained together. By providing tamper detection and prevention capabilities directly in the Oracle Database, customers can protect against illicit changes by insiders or hackers impersonating administrators or users. Blockchain Tables are part of the converged database, accessed with standard SQL, and support full analytics and transactions – making it orders of magnitude easier to use, and more functional, than existing blockchain implementations. Blockchain Tables are a free feature in all Oracle Database editions.
  • Native JSON Data Type: Oracle has provided powerful SQL/JSON query and indexing support for many years. Database 21c adds a new JSON data type representation, enabling up to 10x faster scans and up to 4x faster update operations. Overall, these improvements make Oracle SQL/JSON 2x faster than MongoDB and AWS DocumentDB on the YCSB benchmark. As with previous releases, users can mix or join JSON and other data types; index any JSON element for fast OLTP; use declarative parallel SQL analytics across all formats; and run complex joins across multiple JSON documents and collections—all without any need for custom application code.
  • AutoML for In-Database Machine Learning: Automatically builds and compares machine-learning models at scale, and facilitates the use of machine learning by non-experts. A new AutoML user interface makes it easier for non-expert users to leverage in-database machine learning. Oracle also added new algorithms for anomaly detection, regression, and deep learning analysis to our extensive library of popular, in-database machine learning algorithms.
  • In-Database JavaScript: Enables developers to work efficiently in modern programming languages. The embedded Graal Multilingual Engine allows JavaScript data processing code to run inside the database – where the data resides – eliminating expensive network round-trips. In addition, users can easily execute SQL from within JavaScript code, and JavaScript data types are automatically mapped to Oracle Database data.
  • Persistent Memory Support: Stores database data and redo logs in local Persistent Memory (PMEM), which significantly improves the performance of IO-bound workloads. SQL runs directly on data stored in the direct-mapped Persistent Memory file system, eliminating the IO code path and the need for large buffer cache. In addition, new database algorithms prevent partial or inconsistent stores to Persistent Memory.
  • Higher Performance Graph Models: Allows modelling of data based on relationships, and enables exploration of connections and patterns in social networks, IoT, and more. Further improvements in memory optimization reduce the amount of memory required to analyze larger graphs, which enables existing applications to run faster with no changes. In addition, users can create or extend graph algorithms using Java syntax, which can execute as native algorithms since they are compiled with the same optimizations.
  • Database In-Memory Automation: Oracle supports both row and column formats in the same table to allow analytics and transactions to run simultaneously on the same table. Oracle Database 21c introduces a Self-Managing In-Memory Column Store that simplifies and improves efficiency by automatically managing the placement and removal of objects in the In-Memory Column Store, then tracks usage patterns and moves and evicts objects from the column store. In addition, columns are automatically compressed based on usage patterns. Oracle Database 21c also introduces new in-memory vector join algorithms to speed up complex queries.
  • Sharding AutomationNative Database Sharding delivers hyperscale performance and availability while enabling global enterprises to easily meet data sovereignty and data privacy regulations. Data shards share no hardware or software, and can reside on-premises or in the cloud. To simplify the design and use of sharding, Oracle Database 21c includes a Sharding Advisor Tool that assesses a database schema plus its workload characteristics and then provides a sharded database design optimized for performance, scalability, and availability. Backup and Recovery across shards is also automated.
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Wize Pharma and Cosmos Capital enter into Bid Implementation Agreement 5439

Wize Pharma, Inc. (OTCQB: WIZP), a clinical-stage biopharmaceutical company focused on the treatment of ophthalmic disorders, and Cosmos Capital Limited, a leading digital infrastructure provider based in Sydney, Australia, today announced that they have entered into a bid implementation agreement (“BIA”), whereby Wize has agreed to make an off-market takeover offer to acquire all of the outstanding shares of Cosmos, subject to satisfaction of various closing conditions set forth in the BIA, resulting in Cosmos becoming a wholly-owned subsidiary of Wize.

“We are excited about the Wize Cosmos transaction,” stated Noam Danenberg, CEO of Wize. “The Cosmos team brings a proven track record, experienced management and logistics capabilities within the Bitcoin mining industry. Consistent with our focus on maximising value for our shareholders, this transaction provides a continuing interest in our LO2A biomed activity, through the creation of a contingent value right, while providing exposure to Cosmos’ Bitcoin mining operations.”

James Manning, CEO and founder of Cosmos, commented, “Through this transaction we are excited to be providing public markets access to our digital infrastructure business and have enjoyed working with the like-minded Wize team throughout this process. Becoming a part of a publicly traded company is central to our continued growth and will allow us to accelerate our expansion plans moving forward.”

Key Transaction Details

Under the terms of the BIA, Wize will commence an off-market takeover offer under applicable Australian laws to acquire all of the outstanding shares of Cosmos (the “Offer”) in exchange for (i) 38.78 shares of Wize common stock and (ii) 22.33 warrants (each to acquire one share of Wize common stock) (the “Milestone Warrants”) for each Cosmos share (subject to a minimum tender of at least 90% of Cosmos’ outstanding ordinary shares). Subject to certain exceptions, the Milestone Warrants will become fully exercisable into Wize common stock provided Cosmos warrant holders retain the Wize stock issued to them until December 31, 2021 (the “31 December Milestone”).

Upon completion of the transaction, and assuming all of the holders of Cosmos shares accept the Offer, Cosmos shareholders will own approximately 81.3% of the outstanding common stock of the combined company (87% if all of the Milestone Warrants become fully vested), while Wize existing shareholders will remain the owners of approximately 16.3% of the outstanding common stock of the combined company (11.1% if all of holders of the Milestone Warrants satisfy the 31 December Milestone and the Milestone Warrants become fully vested), each on a fully diluted basis and including warrants to be issued to Wize’s financial advisor to the transaction.

Following the targeted closing of the transaction in the first quarter of 2021, and based on Wize’s 60 day VWAP of US$0.143 on December 29, 2020 (and assuming that all the Milestone Warrants become fully vested), the combined company is expected to have a market capitalisation of approximately US$75.75 million.

Upon completion of the transaction, pre-closing Wize securityholders will receive one contingent value right (“CVR”) for each share of Wize held on the record date. Each CVR will entitle the holder to a pro rata share of any consideration that may be received in connection with Wize’s existing LO2A business, subject to transaction expenses and customary deductions as detailed in the CVR agreement.

Concurrently with the execution of the BIA, Wize entered into (i) a US$3.0 million Private Investment in Public Equity (“PIPE”) financing from various accredited investors, including Noam Danenberg, CEO of Wize, in exchange for 25 million shares of common stock of Wize at US$0.12 per share, which financing is expected to close simultaneously with and subject to the closing of the Cosmos transaction, and (ii) pre-bid acceptance agreements with several Cosmos shareholders holding 19.9% of the outstanding Cosmos shares who have agreed to accept the Offer.

Following completion of the transaction, it is expected that (i) the combined company will have approximately US$5 million in cash and cash equivalents, (ii) Cosmos will retain its experienced management team, with Cosmos’ CEO and founder James Manning assuming the role of CEO of the combined company, (iii) the Board of Directors of the combined company will consist of three members designated by Cosmos and one member designated by Wize, and (iv) the combined company will seek shareholder approval to be renamed Cosmos Capital, Inc. (or similar name), and to effect a reverse share split of the combined company’s common stock.

ZK International’s Subsidiary, xSigma Corporation, Completes its Smart Contract on the Heels of Bitcoin Hitting a High of $26,700 5256

ZK International Group Co., Ltd. (Nasdaq: ZKIN) (“ZKIN”, “ZK International” or the “Company”), a designer, engineer, manufacturer, and supplier of patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies, is pleased to announce that xSigma Corporation, a wholly owned subsidiary of the Company, has completed the smart contract development of xSigma’s DeFi platform. This marks an important milestone for xSigma as it systematically builds out the ecosystem of the xSigma DeFi protocol.

xSigma’s smart contract has been completed and is undergoing a technology software audit, which is the last step for xSigma before it releases the project. The technology audit of the software is being conducted as good practice to ensure the safety of funds and the system in general. xSigma will offer enhanced rewards for early liquidity providers, who join in the first weeks after the launch. (Learn more about xSigma DeFi project on: https://xsigma.fi and Telegram: https://t.me/xsigma_global)

This is just the beginning of xSigma creating a new future, and it is a crucial step in building the xSigma ecosystem. The xSigma team is working on finalizing the white paper and all the technical details are to be released in the near future. As Bitcoin and other cryptocurrencies continue to gain momentum and hit all-time highs, which currently has a total market cap of $688.3 billion, xSigma management team believes that the top team of xSigma, support from a NASDAQ listed company, and a DeFi protocol which aims to be first in class, are significant characteristics which should elevate and differentiate xSigma from the other DeFi platforms.

The xSigma DeFi protocol has received a significant initial interest, in a short period as it has already gathered over 5,000 members in its communities and has collected thousands of subscriptions on its waitlist. In addition, xSigma has secured commitments from individuals and institutional liquidity providers which is important for a successful launch.

Mr. Jiancong Huang, Chairman and Chief Executive Officer of ZK International, stated, “as Bitcoin and other cryptocurrencies continue to gain momentum, so does xSigma. xSigma continues to build its ecosystem, and it continues to gain a positive response from the blockchain community for its DeFi protocol. Currently, over $9 billion is locked in just five Defi projects according to DeFi Pulse and the aim of xSigma Protocol is to reach the top 5 by the value locked list in 2021. Having former Google, Amazon, 1inch and Ripple engineers on the team, xSigma is well positioned to join the list of the biggest blockchain projects in the future.”

Signify Health Projects Growth with its Partners in the BPCI Advanced Program 6338

Signify Health, a leading value-based healthcare platform enabled by advanced analytics, technology and nationwide healthcare networks, today announced that its provider partners in the Center for Medicare and Medicaid Innovation (CMMI) Bundled Payment for Care Improvement Advanced (BPCI-A) program have selected a larger set of bundles to participate in for the remainder of the program (2021-2023) than they did in 2020. Signify Health’s experience and feedback from providers indicate that commitment to the program remains strong.

“The world has changed a lot since 2013 when a group of providers accepted CMMI’s invitation to try a radically different approach to better coordinate care and reduce expenditures while improving the quality of that care,” said Kyle Armbrester, Signify Health CEO. “Fast forward to today and these early pioneers are leaning in and fueling the next phase of growth with new entrants, including commercial plans and employers. Thanks to CMMI’s work to lay the foundation, we have a proven model that both government and commercial payors can use to accelerate the transformation from fee-for-service to value-based care.”

As a risk-sharing convener in the BPCI-A program, Signify Health partners with Acute Care Hospitals (ACHs) and Physician Group Practices (PGPs) to facilitate collaboration among providers sharing accountability for improving outcomes. As episodes of care continue to take hold in public and private value-based health programs, Signify anticipates the total volume of medical care managed through bundles will accelerate.

In a significant change from prior years for the remainder of the BPCI-A program, CMMI required participants to select from eight categories of care, referred to as clinical service line groupings, that each include multiple bundles. Overall, Signify’s provider partners selected more clinical bundles under the new requirement, assuming a greater amount of financial risk while ensuring that patients continue to receive high-quality care.

Once bundles are selected, Signify Health’s team works with providers to prevent adverse events, improve care quality, eliminate excess cost, and propel patient recovery homeward by applying a model that addresses patients’ holistic clinical, social, and behavioral needs. And, by providing sophisticated analytics, modeling and deep local market insights, Signify supports BPCI-A participants’ care redesign efforts to improve a patient’s care journey from hospital discharge to home.

To further inform the future of episode of care payment programs in Medicare, Signify Health recently engaged Leavitt Partners to convene an independent panel of health policy experts to offer policy recommendations that strengthen and expand these models. The recommendations emanating from this advisory process will be made publicly available in the first quarter of 2021.

“For voluntary alternative payment programs to be successful, they must attract as many participants as possible,” added Armbrester. “We believe that policies that minimize uncertainty and offer pricing stability for providers accepting financial risk are critical to the program’s continued and long-term success.”

BlockApps and Schweitzer Laboratories partner to build campaign finance compliance system, 4US, restoring trust and confidence in the political financing process 6311

Campaign finance is central to the functioning of America’s democratic system, yet it is wrought with public mistrust. A 2019 Gallup study found that only 20% of Americans are satisfied with the nation’s campaign finance system. While much focus has been put on proposed adjustments to the regulatory regime through policy initiatives, little attention has been paid toward improving the existing processes of compliance and law enforcement. Schweitzer Laboratories is working with BlockApps to address these challenges by reimagining campaign finance from the inside out, using blockchain to automate the core processes of data collection, real-time compliance enforcement and transparent disclosure.

Today, political committees meet their compliance burdens through antiquated manual data collection processes and rely on expensive compliance specialists or less experienced staff and volunteers. Campaign finance regulators also struggle to meet their law enforcement and public disclosure mandates because of tight budgets, short deadlines and structural limitations. Bad data in leads to bad data out, perpetuating mistrust in a system at the heart of American democracy.

4US was created to restore that trust. Built as a multi-sided platform for all political committees and regulators, regardless of size or political affiliation, 4US improves operational efficiencies and costs, while increasing transparency. With BlockApps STRATO, 4US utilizes private chains and smart contracts to offer committees the security and privacy they demand, while improving trust and transparency in the campaign finance system overall.

“4US was created to attack one of the biggest challenges in today’s geopolitical environment, ” says Will Schweitzer, Founder and CEO of Schweitzer Laboratories. “With trust in our democratic institutions at an all-time low, political leaders can leverage 4US to show their constituents they play by the rules in a way never possible until now. Our partnership with BlockApps ensures we’re working with technologists at the bleeding edge of blockchain innovation, and that we can continue to leverage this technology to improve our society.”

“STRATO smart contracts enable Schweitzer Laboratories to encode complex processes and rules directly into 4US,” explains Kieren James-Lubin, President and CEO of BlockApps. “A private chain for each committee ensures their data will remain accurate and secure, and that it can be leveraged as a reliable and transparent record of truth when it comes time for public disclosure.”

Through this unique combination of industry and technology expertise, Schweitzer Laboratories and BlockApps are pioneering this new use case for blockchain technology. 4US exemplifies how to solve the real-world operational challenges political committees and campaign finance regulators face, while also addressing a critical societal issue.

PrimeXBT Review: Powerful Trading Tools and Diverse List of Assets 6182

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It’s challenging when we want to discover the best platform. Finding all instruments we need and all those tools we have experienced is another big challenge. Affordable fees, security, authenticity, and also trustworthiness are what we all want. Review plays a vital role. When traders are looking for a platform, all competing for exquisite and indubitable capital out of the sea

This is the platform that aims to enlighten the reader. After getting started, signing up for  PrimeXBT is significant.

About PrimeXBT

PrimeXBT is a multi-asset trading platform based on bitcoin. It was recently awarded Best Cryptocurrency Trading Platform, Best Cryptocurrency, and Forex Broker, and Best Crypto Trading App in the Forex Awards as well as garnering an award for Best Bitcoin Margin Trading Platform in the very prestigious ADVFN Awards.

 Registration

Some platforms provide a simple signup process as PrimeXBT. It takes only one minute to signup and no personal information is required. Just an e-mail address and country are asked for signup and you can get started with making the first deposit.

Accounts are available for demo, no fee will be charged for this demo. It is for your satisfaction and no personal information will be taken for it, so you don’t need to be worried about any risk. When you are ready to start, the platform features and tools mitigate any risk.

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Deposits

Accounts are always denominated in BTC, and all deposits must be made to a BTC address. A low minimum deposit of 0.001 BTC is required. BTC is used as a financial process for all positions.

Funds are always available soon after a Bitcoin deposit. Bitcoin deposit has only 3 steps for confirmations. Further deposit methods are fiat or Altcoin etc will are available through third-party service which is known by Changelly.

Soon after the deposit, the trading account must be funded. This help tools to keep some capital separated, which is currently available for margin in the trading account. Turbo and Covesting are new features on the platform, they are available on a separate wallet system.

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Withdrawals

Withdrawals are also very simple as a deposit procedure, but the thing to keep in mind is that it can be sent to another BTS address. If you sent it to a different Cryptocurrency address, this could lead to a loss of funds.

Withdrawals are added to a queue for a once-a-day rollover period at which withdrawals are processed. Pending withdrawals can be canceled until a window ahead of rollover is reached.

Trading Instruments and Tools

PrimeXBT offers up to 1000x leverage on commodities, cryptocurrency, forex, and stock indices.

FX currencies offer includes more than 25 majors, with the addition of some currencies. All forex, including both gold and silver, maybe traded at up to 1000x.

CFDs for natural gas, Brent, Crude oil, and twelve different stock indices are offered for trading at up to 100x.

Cryptocurrencies: Bitcoin, EOS, Ethereum, Litecoin, and Ripple are offered as trading pairs against BTC and USD at up to 100x leverage.

All assets may be traded using long or short positions this helps traders to gain profit no matter the market’s direction. Stop-loss orders and take profit orders enable this long and shorts lucrative and inhibit risk. These advanced order types can even be added after a trade is made.

PrimeXBT features comprehensive charts, replete with technical analysis utilities, indicators, and more for effective strategic planning and execution. Speaking specifically of execution, this makes the platform even simpler to enter positions. It is accurate trading by clicking on the chart itself.

Rounding out the user experience is an individually-customizable interface with many available widgets. Through this traders can craft the trading terminal according to their designs.

Fee Structure

PrimeXBT has no stressful thing as it offers some of the best and reliable fees.

Across all crypto trading pairs, the trading fee is only 0.05%. Forex trading fees are as low as 0.001%. Fees for everything else are only 0.01%.

Those who up their game and become active traders successfully have some advantages. They can take reward of the progressive fee system. This system offers a 50% discount off. In the account bit, there is a method by which you can track progress towards each discount tier (25% to 50% off).

 The minimum position requirements are also quite low.

Referral Program

According to the leaderboard, the top PrimeXBT trader has already generated over 50 BTC.

This was achieved through the platform’s lucrative four-level referral program. As each referred trader brings new traders to the platform themselves, the original client to make the first referral will continue to earn commissions from each new referral forward, up to four levels of commissions.

CPA offers are also available. These are exclusive ambassador relationships that become complete with personal customer care representatives.

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Extras

PrimeXBT is also one of the few trading platforms which offer breaks from the status quo. They recently have started a new synthetic Bitcoin contract named Turbo. These short-duration contracts last only in 30 seconds, one or five minutes. It can garner up to 90% of profits at the tiniest intervals.

The results can be amazingly encouraging, however, it is possible to lose nearly all capital through these sorts of contracts, so it is generally suitable only for certain traders with a high level of command over shorter timeframes. However, it can be a handy tool. When markets are occasionally stagnant, revenue is possible even without high-percentage movements.

Also, another tool has recently started assign as Beta. They called it Covesting Fund Management Module. This unique and amazing service connects fund managers with investors and provides them chances to make a profit together in a synergistic way.

Conclusion

PrimeXBT members can take advantage of all price movements. Utilizing up to 1000x leverage you can take long as well as short positions on Crypto, Commodities, Forex, and Stock indices.

To earn profit in greater amount give a try to PrimeXBT. There is not a single reason which does not let you join PrimeXBT but the pros are no KYC process, introductory deposit, and very quick registration which typically complete in less than 60 seconds.

Bloccelerate VC Closes Fund I 5580

Bloccelerate VC, a Seattle-based VC firm focused on early-stage investments in blockchain technology startups, closed a $12M Fund I to support the enterprise and institutional adoption of blockchain. The Bloccelerate VC fund is actively investing in blockchain-powered applications that enable trustless automation of business processes within trillion-dollar industries — such as trade finance, financial services, and supply chain. The fund has already deployed capital into 5 companies, including Blockapps, Symbiont, MakerDAO.

Over the next 2-3 years, Bloccelerate will deploy capital into 10-15 emerging winners in the blockchain space. Bloccelerate invests in Seed, Series A, and Series B stage companies through its main fund, along with a co-investment vehicle. The average investment amount ranges from $500K-$2M.

Founded in 2018, Bloccelerate VC is led by General Partners Kate Mitselmakher and Sam Yilmaz. Having personally experienced the volatility of the emerging market economies, both Mitselmakher and Yilmaz have developed an appreciation for the disruptive potential of blockchain in the financial world.

Professionally, Mitselmakher brings a decade-long expertise in the enterprise technology space, having worked for a global publicly traded technology market research firm, Gartner (NYSE: IT). Yilmaz brings operational know-how and entrepreneurial expertise, having started and exited an AI company, prior to co-founding the Decentralized Application Fund in 2014. The DApps Fund divested all of its assets in 2017 — at the peak of the blockchain hype cycle.

While the recent adoption of digital assets by institutional investors has been great for the blockchain industry as a whole, Mitselmakher and Yilmaz firmly believe that many still misinterpret blockchain by deeming it primarily restricted to payments, or “money-as-a-service” use cases. In reality, blockchain has numerous other applications.

In fact, by 2030, Gartner estimates that the business value added by blockchain will surge to exceed over $3.1 trillion, with the vast majority of value created in use cases outside of “digital gold” (Source). Large Fortune 500 companies — like Walmart, Bayer, Vanguard, Anheuser Busch, and others — all announced successful blockchain implementations. Mitselmakher believes that “the era of futile experimentation is behind us, as a larger number of POCs are successfully going to production.”

Bloccelerate’s investment thesis specifically focuses on revenue-generating use cases that enable trustless “consensus over the wire” for multiple stakeholders who do not necessarily know or trust each other. Examples from Bloccelerate portfolio include BlockApps’s solution tracking multiple billions of dollars worth of highest-value stewarded products for Bayer Crop Sciences (Source), and Symbiont’s solution successfully managing $1.3+ trillion worth of passive index data for Vanguard (Source). Bloccelerate VC believes that, ultimately, blockchain solves the “single source of truth” problem – permeating virtually every sector and every geography.