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Bloq acquires Skry to boost blockchain offering

Steve Rogerson
March 2, 2017
 
Bloq has acquired Skry, a pioneer in blockchain analytics, to enhance its suite of analysis tools and help increase the value of blockchain data sets through artificial intelligence and machine learning. Chicago-based Bloq is an enterprise software company focused on building and scaling blockchain networks for global companies.
 
The transaction, details of which were not disclosed, closed last month and is Bloq's first acquisition; it includes all Skry's intellectual property and team.
 
"Blockchain networks need more than a rudimentary finder or explorer," said Jeff Garzik, CEO and co-founder of Bloq. "We're ensuring that enterprises won't have to fly blind without a complete understanding of the performance, economics and irregularities of their underlying networks."
 
Skry's platform allows clients to manage, visualise and analyse blockchain data from disparate sources. It allows users to detect anomalies – such as a DDoS attack, spike in transaction fees or certain block dynamics – both on public and private blockchains.
 
"Blockchain networks will create the greatest data sets we've ever seen," said Matthew Roszak, chairman and co-founder of Bloq. "Leveraging machine learning techniques will enable faster and enhanced decision making, while uncovering insights and massive opportunities along the way."
 
Fabio Federici, former CEO and co-founder of Skry, added: "Bloq is one of the few blockchain software companies with a comprehensive vision for what enterprise customers need to launch and manage blockchain networks and applications. Its team stressed interoperability and painstakingly engineered its technology from day one to be blockchain-agnostic. I'm excited to have Skry be a part of that future."
 
The acquisition comes just months after Bloq co-launched Vulcan Digital Asset Services, a platform to enable digital assets to be used for banking, commerce and asset related services, with PwC Australia.
 
Bloq’s software platform allows companies to build, manage and scale robust blockchain-enabled ecosystems, backed by enterprise-grade service and support. It is built on open source technology, and provides the connective tissue to interoperate securely with existing business systems.
 
Bloq is headquartered in Chicago, with offices in Atlanta, San Francisco and Washington DC.