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Blockchain specialist nChain acquired by private equity fund SICAV

Blockchain specialist nChain and a group of affiliated companies have been acquired by high tech private equity fund SICAV, an EU regulated investment fund managed by Accuro Fund Solutions.

nChain specialises in research and development of blockchain technologies – a distributed, decentralised ledger that chronologically records transactions in an immutable way.
The nChain group of companies has grown to a team of in excess of 60 scientific research, engineering and other professionals primarily based in London, UK and Vancouver, Canada.
The acquisition will assist nChain to continue the growth of its research activities and advance its mission to accelerate blockchain adoption globally.
Concurrent with the acquisition and at the request of the fund manager, Arthur Davis has been appointed as a director of nChain Holdings Limited.
Davis says: "While learning about the suite of nChain's capabilities through the transaction, it became clear to me that we are in a new era of the digital age following the creation of the personal computer and the internet. This changes everything leading us into what we at nChain call the Internet of Transactions.
“Although undisclosed, we believe the transaction value to be the largest worldwide to date in the development of this industry.
“nChain has designed and architected a blockchain infrastructure to transform people's lives and the way in which businesses operate. We believe this innovative technology will be disruptive on a scale that most people have yet to fully appreciate. nChain sees the full extent of this disruption being achieved by maximising transactional velocity on the Bitcoin blockchain."
nChain is researching and developing tools, protocols and applications to support blockchain growth worldwide. This includes a software development kit to enable programmers to develop applications on the Bitcoin blockchain, solutions for scalability of the Bitcoin blockchain, inventions to improve security, on-chain scripting for smart contracts and a decentralised trading platform that uses autonomous agents.
nChain also advocates for the formation of a neutral standards organisation to coordinate and manage the Bitcoin protocol and technical standards. This will result in a more robust software design.
nChain's technologies are the subject of a large and growing portfolio of patent applications.
Cerian Jones, a partner at Urquhart-Dykes & Lord and nChain's lead patent attorney, says: "The patent programme at nChain involves some of the most complex technologies we have ever seen, and stands at the forefront of blockchain innovation worldwide. We are privileged to work with nChain's leading research team to help protect its growing invention portfolio." 
In 2017, nChain intends to make some of its intellectual property assets available to the blockchain community through open source software and royalty-free licensing. 

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