Cambridge Blockchain, Inc. a digital identity enterprise software provider, announced that PayPal has joined its Series A funding round. With this investment, the two companies will explore potential collaborations to leverage blockchain technology.
“Our service helps streamline digital identity compliance while giving customers control over their identity data,” said Matthew Commons, Cambridge Blockchain’s CEO. “We are honored by PayPal’s vote of confidence, and we look forward to their support and guidance.”
Cambridge Blockchain’s solutions harness the potential of blockchain to deliver strong digital identities at a global scale and meet the increasingly stringent data privacy obligations globally. The company has specific experience in designing software systems to share identity data across European financial institutions.
The funding is an extension of Cambridge Blockchain’s Series A funding round.
Cambridge Blockchain makes digital identity enterprise software for financial institutions, delivering strong digital identities at a global scale while providing individuals control over their own identity data.
„By combining blockchain technology with an off-chain personal data service, the company creates an independent source of validation through the network effects of trusted parties, natural persons, legal entities and devices. Identity data is reliably and flexibly managed and secured, leading to seamless transactions, operational efficiencies and strong privacy.”, according to the press release.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
