iMerge invests in blockchain cloud provider Ledgable

iMerge takes a share in Blockchain-As-A-Service (BaaS) provider Ledgable. Ledgable has developed a unique blockchain service: “we offer a platform where clients can create their own blockchain in less than half an hour. They define the data structure and autorisations, we do the rest. With this cloud solutions, companies get direct access to very advanced blockchain technology, without having to invest oneself heavily”, says CTO and founder, Sam Colak. One of the first clients of Ledgable is a US provider of secure payments for minors, subject to parental control and school monitoring. The second founder and CEO, Jan Pieter Pak, who has track record in the financial world as board member of Bank Mendes Gans (ING), sees “many applications for the blockchain services of Ledgable in cases where integrity, traceability or security of data is essential.”

Because of the hype regarding to cryptocurrencies, the underlying blockchain technology receives a lot of attention as well. Applications are not just limited to digital money or electronic payments, but encompass recording contracts, identification services, electronic data interchange (EDI), loyalty services, ticketing etc. etc. For all applications where secure storage of data records are of importance, there’s a need for a ledger with which no one can temper. A secure ledger is the essence of blockchain tech, hence the name Ledgable.

Blockchain is already more than a tech hype around bitcoin or ether. It is a series of technologies that will make doing your business online extremely secure, and will revolutionize not only the financial industry, but every aspect of ebusiness. Ledgable BaaS simplifies and speeds up the experimenting with and application of blockchain, not to limit the creativity of the user.