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TMCNet:  OpenCrowd and The BuildCoin Foundation Partner to Develop Blockchain Solution for Public Infrastructure

[July 11, 2018]

OpenCrowd and The BuildCoin Foundation Partner to Develop Blockchain Solution for Public Infrastructure

NEW YORK, July 11, 2018 /PRNewswire/ -- The BuildCoin Foundation and OpenCrowd, a design and technology services firm focused on the development of blockchain solutions, announced today an investment and technology partnership to jointly develop the BuildCoin Foundation's new blockchain ecosystem for public infrastructure projects. The BuildCoin Foundation is a nonprofit organization that will govern the public blockchain ecosystem.  Our mission is to bring transparency and efficiency to the 3 trillion dollar global infrastructure market. The BuildCoin Foundation believes that every human being deserves access to affordable and reliable infrastructure to reach their highest potential.

News Highlights

  • OpenCrowd and The BuildCoin Foundation have begun joint efforts to develop the features and functions of the platform.
  • OpenCrowd and The BuildCoin Foundation will work together to deliver a blockchain-enabled solution that:
    • Creates transparency in both project performance and payments to combat corruption
    • Crowdsources project concepts from citizens and global experts to select and design transformative and impactful projects
    • Crowdfund projects to open up infrastructure investment to new investors, including citizens who will benefit from the infrastructure
  • The partnership will continue OpenCrowd's track record of advising, investing, and building platforms solely for premier companies within the distributed ledger/blockchain space.
  • Sushil Prabhu will join The BuildCoin Foundation Advisory Board.

Supporting Quotes

The Buildoin Foundation

"We're honored to have OpenCrowd's CEO Sushil Prabhu join our Advisory Board to further help guide our technology decisions and are thrilled to partner with OpenCrowd to bring to market innovative and groundbreaking blockchain-enabled solutions.  There is a lot of hype in the industry and OpenCrowd is one of the select few with a proven track record of delivering real world distributed ledger/blockchain solutions. We are proud to be a part of their select portfolio and are confident that this partnership will allow us to reinvent how public infrastructure projects are delivered to citizens." 
- John Cronin, President, The BuildCoin Foundation

OpenCrowd
"This partnership will allow us to expand our vertical footprint into the infrastructure and construction space while continuing our practice of advising, investing and developing platforms for the premier companies in the blockchain space. We look forward to helping The BuildCoin Foundation grow their ecosystem and will work closely with them to bring the highest quality blockchain-enabled solutions to market at record speed."
- Sushil Prabhu, CEO, OpenCrowd

About OpenCrowd
OpenCrowd is a Design and Technology Services Company focused on developing the most advanced distributed ledger and machine learning applications in the market. For the past 13 years, OpenCrowd has been successfully delivering high-end applications for their clients, with a particular focus in Financial Services. Additional information about OpenCrowd is available at www.opencrowd.com.

About The BuildCoin Foundation
The BuildCoin Foundation is a nonprofit organization based in Zug, Switzerland. The mission of the Foundation is to accelerate strategic infrastructure and construction development through the promotion and adoption of the BuildCoin Ecosystem. As a blockchain platform, the BuildCoin Ecosystem modernizes infrastructure project origination and development by adding speed, efficiency, and trust to legacy processes. The BuildCoin Foundation believes every human being deserves access to affordable and reliable infrastructure to reach their highest potential. To learn how you can help support our mission visit www.buildcoinfoundation.org.

Media Contact BuildCoin:  David Stout
david.stout@buildcoinfoundation.org 703-300-2191

Media Contact OpenCrowd:
info@opencrowd.com 212-768-1730

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/opencrowd-and-the-buildcoin-foundation-partner-to-develop-blockchain-solution-for-public-infrastructure-300679550.html

SOURCE OpenCrowd


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