7 years ago

Gospel Technology Secures £1.4 Million for Private Blockchain Data Management

  • Gospel Technology, a London-based private blockchain data management software startup, raised £1.4 million in funding led by LocalGlobe, with participation from angel investors including Gumtree co-founder Michael Pennington and Vivek Kundra, former Chief Information Officer for the US Government

  • The funding will be used to further develop its software and double its headcount

  • Gospel's technology securely distributes data across decentralised infrastructures, automating record keeping for complex products and improving supply chain efficiency.

      • ProblemTechnology

      "Currently, complex products require significant manual management for record keeping, which can be inefficient and costly."

      Solution

      "Gospel Technology offers a secure way to distribute data across decentralised infrastructures, automating records for complex products and improving efficiency and lowering information recall costs. They do this using a private blockchain that requires users to set up a network of nodes within their ecosystem."

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