HALIFAX, April 12, 2018 – Nodalblock, S.L. (“Nodalblock” or the “Company”), a provider of logical security and information certification services through blockchain technology, today announced a seed investment from Numus Financial Inc. (“Numus”) for a minority equity position. This investment will fund commercialization of the Company’s operational solutions. The deal will see Jim Megann, Principal of Numus, join Nodalblock’s board of directors. The Company is also pleased to announce the opening of its North American headquarters in Halifax, Nova Scotia.
The result of two years of development, Nodalblock was founded in Madrid, Spain in 2017 by David Lanau, Ariano Hernández and Pilar Troncoso. The Company’s proprietary technology enables independent public and private blockchain platforms to deliver content instantly and securely across multiple platforms. Nodalblock’s key differentiator is its API (Application Program Interface) REST, which creates a hub where customers can rapidly integrate blockchain technology in their business processes, while reducing issues of latency and improving user experience.
“Our vision is to become the global leader in securing and delivering content using blockchain technologies,” said Daniel Faria, Nodalblock CEO. “Our partnership with Numus will enable Nodalblock to onboard talented people and deliver on commitments to our global, rapidly growing customer pipeline.”
Despite increasing interest in blockchain use cases among business and consumers, applications beyond the cryptocurrency space have yet to gain mass adoption. Challenges to mainstream use include the high latency and transaction costs of public blockchains, a lack of scalability and the need for specialized programming knowledge.
Nodalblock’s proprietary technology addresses these challenges, with a user-friendly platform that offers anyone access to the best features of blockchain technology. Organizations can use Nodalblock’s products to integrate blockchain with their existing business processes with minimal friction and without requiring the use of cryptocurrencies.
“Numus sees exceptional potential in the Nodalblock platform,” said Megann. “We chose to invest in Nodalblock because we feel it is one of the most technically advanced and market-ready companies in the private blockchain solution space.”
Nodalblock is a blockchain as a service solution that allows clients to seamlessly integrate blockchain technology in their existing business processes, increasing their efficiency, traceability and security.
Nodalblock is a provider of blockchain solutions, continuously improving its products through R&D, and incorporating new technologies such as artificial intelligence in the areas of IoT, Cloud, Supply Chain and Compliance. The Company is formed by experts in the fields of blockchain technology, software development, finance and operations.