Blockchain startup aims to shake up book publishing
Cryptocurrency
A startup in London is looking to revolutionize the book publishing industry with blockchain technology.
Libraro has emerged from blockchain incubator program Block Dojo, part of the nChain Group, and received £2 million in funding from nChain for a 20% stake that will be used to drive the development and deployment of Libraro’s solution.
Libraro harnesses the power of public reading to connect authors with readers and publishers in an innovative way.
“We are very excited to partner with nChain and leverage their expertise in blockchain technology,” said Arsim Shillova, Libraro CEO.
“Your investment will help us build a state-of-the-art, secure and scalable platform for aspiring authors to showcase their work, protect their intellectual property and engage with audiences.”
Shillova currently serves as the Chief Growth Officer for a commercial weather data company Exovision GmbH on a contract basis, according to his LinkedIn profile.
nChain said that by leveraging its Web3 and blockchain IP portfolio, the partnership will enhance Libraro’s platform capabilities. nChain will also support Libraro through development and professional services, using their expertise in building apps and providing back-end blockchain infrastructure.
Christen-Ager Hanssen, CEO of nChain Group, added: “We are pleased to announce our collaboration with Libraro. With our expertise and development capabilities, nChain will be their technical partner, using our IP portfolio, to increase their product offering their.
“This solution has the potential to transform the publishing model by empowering readers and helping new authors get published. Our collaboration with Libraro is another good use case in another industry where we make an impact.”
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