Just announced on the NEO Global Capital (NGC) Twitter page is a large investment in the Certik smart contract platform, which is being prepared for an upcoming token sale.
As described on its website, “NEO Global Capital is the strategic investment vehicle NEO foundation and one of the largest institutional owners of cryptocurrencies.” It has both a conventional and an ecotech-oriented fund, with investments in dozens of crypto projects.
As for Certik, its value proposition, according to its site, is as follows:
“CertiK is a formal verification framework to mathematically prove that smart contracts and blockchain ecosystems are bug-free and hacker-resistant. To scale the verification, CertiK developed a layer-based approach to decompose such an otherwise prohibitive proof task into smaller ones.
These smaller proof obligations can be encoded in the CertiK transactions and will then be proved and validated by the participants in a decentralized style. Thus, the CertiK ledgers work as certificates to exhibit the end-to-end correctness and security of the verified smart contracts.”
Blockchain Companies As a Target Market
Certik has drawn praise and capital support from many highly placed crypto experts. Torque Ventures described the company’s potential as they invested in them recently:
“At current rates of smart contract deployment and aiming for 20% of testing infrastructure market share, CertiK are set to dominate a potential $1.8 trillion market within a few years.”
This speaks to the fact that the secondary market of blockchain technology. That is to say, providing solutions for companies developing blockchain solutions themselves is heating up. This is in keeping with an old adage of Silicon Valley that it is more profitable to sell pickaxes to gold miners in a gold rush than it is to mine gold itself.
Smart contracts and DApps have seen a flurry of positive news in the past couple of weeks, with DApp platform EOS breaking throughput records yesterday. Certik looks set to build on this momentum when working toward its as-of-yet-unannounced token sale date.
NEO Global Capital (NGC) Announces Multimillion Dollar Investment Into Certik, a Smart Contract Platform and Upcoming ICO was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.