3 French start-ups innovating with blockchain
Appeared in 2008 with the creation of Bitcoin, the blockchain is no longer limited to the simple realization of transactions. Initially linked to virtual currency, it is now envisaged as a full-fledged technology for transmitting information in a secure and transparent manner without depending on a central control body.
Gradually considered as a revolutionary innovation in the digital world, blockchain is beginning to go beyond the digital framework to contribute to social and economic developments. Frenchweb has selected 3 start-ups that develop technologies around the blockchain.
Stratumn simplifies blockchain integration for developers
Blockchain is of interest not only to FinTechs, but also to many other sectors that could find opportunities there. It is still necessary to create concrete applications …
It is precisely the niche of Stratumn, a Parisian start-up that is developing a platform allowing developers to create applications based on the blockchain, even if they do not have specific knowledge. She even speaks of “Blockchain as a service”In the sense that it takes charge of the complexity resulting from this technology.
For now, the service has been operating in private beta since February 2016. Based in Paris, the company launched by Richard Caetano, Stephan Florquin, François Dorléans and Sébastien Couture raised 600,000 euros from Otium Venture and business angels, including Éric Larchevêque, founder of the start-up Ledger. At the time, Stratumn claimed to have already forged partnerships with several large French companies.
Angle of attack : facilitate the development of blockchain-based applications
Funding: 600,000 euros raised in 2014
Keeex targets the collaborative labor market
For Bitcoin, blockchain technology can be compared to a decentralized account book that lists all transactions. Such a concept can find outlets in other fields, such as the organization of work in a company. This is how the Marseille start-up Keeex is developing a collaborative work solution operating in particular on a blockchain-based timestamp. “KeeeX will embed in each document exact references to its previous version (s)”, assures the company on its website.
Document sharing, collaborative chat, signature management… Several features are available on the platform running on Windows, Mac OS X or even Linux. The data is decentralized and the exchanges encrypted.
Keeex’s business model is based on marketing monthly subscriptions for each user. In April, the company founded by Laurent Henocque completed a first fundraising of 100,000 euros in seed money carried out with private investors. Funding that will enable it to continue its R&D and accelerate its promotion.
Angle of attack : target the collaborative work platform market
Funding: 100,000 euros raised in seed in 2016
Belem at the service of a decentralized and transparent society
Blockchain offers a multitude of possibilities for companies, and more broadly for society. This information storage and transmission technology appears today as a transparent, secure and independent solution for gathering public data, in an anonymous and inviolable manner.
While blockchain is rapidly establishing itself in the digital sphere, start-ups are beginning to grasp the issues raised by this technology and its applications. This is the case of Belem, a start-up founded by Romain Rouphael and Côme Jean Jarry last year, which has decided to make it its spearhead. A sort of laboratory, this young company is testing real blockchain applications to assess its potential and determine the constraints generated by its development.
Recently, the start-up set up a voting solution via the blockchain for the departmental and regional elections of the political movement. We Citizens from April 4 to 7, 2016. This example is revealing of the possibilities offered by this technology. From digital development to the evolution of public debate, Belem is exploring avenues to measure the impact of blockchain on civic and financial life.
Angle of attack : develop solutions for a reliable and inviolable public database
The opinion of Alexandre Stachtchenko, co-founder of Blockchain France
Frenchweb : Is the French blockchain lagging behind internationally?
Alexander Stashchenko, co-founder of Blockchain France : She has a slight delay, but not irremediable. We have a smaller but also more active ecosystem. For example, Stephan Tual compared the slack of Slock.it, where there were more than 3,000 people, at the French-speaking slack of CryptoFR, in which there were 250 people, but more messages exchanged. He also told us that from his point of view, French is by far the second language of blockchain on the Internet. From the point of view of skills, I also think that France has nothing to be ashamed of: in IT, in cryptography, as thinkers of complex systems, we are well supplied, and recognized worldwide.
What does France lack to compete with Hong Kong and the United States?
I don’t know if France “lacks” things to resemble Hong Kong or the United States. These countries are getting ahead because their mentality is far more liberal, so a libertarian currency is more in their DNA from the start.
Generally speaking, these are places where FinTech investments are colossal, and therefore “blockchainers” go there to take advantage of them. In France, what is lacking is a certain coordination of an atomized ecosystem and recognition by the public authorities (in particular regulation).
Which French start-ups have the leadership or are ahead of the blockchain level?
Bitcoin start-ups, since they are older: Ledger and Paymium for example. On the blockchain, Stratumn is the first to have raised funds. But there are also other great projects: Ledgys, Woleet, DAISEE, Czam, Wekeep for example. The rest is a nascent ecosystem.
What is blockchain?