White Shark raises $16M to develop, deploy fast self-evolving blockchain

White Shark, an emerging blockchain technology company, has departed 16 million dollars in a financing round for further development and distribution of the blockchain platform. The company aims to revolutionize the industry with its unprecedented speed, intelligence and versatility, while making blockchain accessible, secure and cost-effective for individuals, businesses and public entities.

By incorporating advanced features such as smart blockchains, smarter AI and sidechains, the platform enables seamless integration across various sectors, including governments, corporations and micro, small and medium enterprises (MSMEs).

“White Shark’s AI-based self-evolving blockchain has gained significant industry attention for its unprecedented speed and adaptability. The company’s cutting-edge technology enables rapid iterations and improvements, making it the fastest self-evolving blockchain in the world, the company said in a statement.

Blockchain technology has emerged as the latest buzzwords among technology experts, who believe that the futuristic technology aims to revolutionize the lives of the masses. It aims to accurately track and store data related to orders, production, health records, education records and payment, among others.

Blockchain technology is based on the principles of digital ledger technology that uses a decentralized network of computers to record, track and verify transactions. The biggest appeal of this technology is the distributed ledger, which offers security and privacy without the need for a central authority or intermediary, making it a critical component for industries that require advanced data protection.

Blockchain has already developed a full-fledged decentralized market. Cryptocurrencies, NFTs, DeFi protocols, smart contracts, metaverse and all such related innovations would not be possible without blockchain.

White Shark, the first Made in India Layer 1 public blockchain, embarked on its journey in 2017, dedicating significant time and effort to extensive research and development to create a revolutionary blockchain solution. The Chief Technology Officer of White Shark, Rizwan Shaikh, is one of Asia’s foremost cyber security experts and one of India’s most accomplished ethical hackers.

The company has also set its sights on deploying a NO CODE DEVELOPMENT PLATFORM, which will further expand the reach and use of blockchain technology.