$15 million in the initial funding round was raised by Spring Labs blockchain start-up whose goal is to decentralize the process of data exchange in the credit sphere. The round was held by company August Capital and other companies specializing in software and blockchain products. The startup intends to use its proprietary blockchain system called Spring Network to exchange information related to identification and credit, as well as to use smart-contracts to improve the data efficiency and regulation transparency. The task of the project is to make the infrastructure of the global credit ecosystem more decentralized and safe.
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