Blockchain tech start-up hails ‘landmark’ £5m deal – BusinessCloud

A fabric of trust for secure data collaboration

A UK tech start-up behind a blockchain platform for enterprise data has secured a £5 million investment from two venture capital investors.

London-based Gospel Technology describes itself as an enterprise data security platform that creates “a fabric of trust for secure data collaboration”.

The company’s solution has been praised as the “first practical enterprise application of blockchain” as it addresses one of the “thorniest challenges” in the digital economy – how to securely enable the usage and exchange of data without impacting business performance.

Using a ledger, it allows businesses to securely share data between both employees within the enterprise and enterprises in supply chains and partnerships.