Samsung investment blockchain? Blockchain startup Fliament $5 million A round of financing

Recently, blockchain startup Fliament announced the issuance of a $5 million Series A financing with investors such as Bullpen, Capital, Verizon Ventures and Samsung Ventures.

It’s no news that blockchain startups are getting financing. It is worth noting that Samsung, the consumer electronics giant, has appeared in this investor. According to public information, Samsung Ventures, the full name of Samsung Ventures, is an investment group of the Samsung Group. It is committed to investing in early capital companies, focusing on investments in technology, IT, hardware, software and other industries.

The Samsung Venture Capital officially appeared as an investor, marking Samsung's first public investment in the blockchain industry. In fact, as early as 2015, Samsung began to quietly lay out the blockchain industry. Samsung did not make public investments in the previous three years. One major investment method was to follow IBM's participation in the ADEPT blockchain project. ADEPT enables devices to communicate by using Bitcoin and the Ethereum network to connect to consumer devices such as the Internet of Things. Another investment method is to invest in the name of its subsidiaries.

In 2016, Samsung SDS, the largest subsidiary of the Samsung Group, announced that it would invest in a local company that provides a blockchain-based development platform for the company on the grounds that blockchain technology is a financial innovation that can change the world.

In January 2018, Samsung Data Systems announced that it would invest in two startups, one of which is South Korea's blockchain company Blocko and the other is British network security company Darktrace.

At the same time, the Samsung data system said in an official statement:

“In order to improve the competitiveness of the company and promote the development of the business, we will continue to invest more in the international scope in the future.” This also shows that this investment method will become the norm. These investments are mainly concentrated at the level of technology introduction, with the aim of introducing cutting-edge technology in the areas of network security and blockchain. Although the investment in Fliament is not large, it shows Samsung's consistent strategy in the blockchain.

Fliament is similar to ADEPT, and its IoT devices will be able to communicate securely, execute smart contracts and send micro-transactions, greatly increasing the transaction efficiency of large companies in various industries. In other words, Samsung Investment Fliament is similar to the previous investment in ADEPT, and it is expected to help Samsung to make breakthroughs in the Internet of Things scene.

Next, Samsung will continue to pay attention to the blockchain field and invest in the project. In March 2018, Brendon Kim, managing director and investment director of Samsung's venture capital "Samsung NEXT", proposed that the blockchain is crucial to ensure communication between devices, and that the blockchain is currently larger by Samsung NEXT. One of the investment themes.