Crowd Machine, a distributed computer for building decentralized apps at speed and scale, has announced a strategic partnership with YouBi Capital, beginning with a significant investment. The partnership will create synergy between notable projects in YouBi Capital’s portfolio and Crowd Machine’s technology.
To facilitate mass adoption of blockchain technology, both companies aim to address scalability, security and interoperability isues in the ecosystem. Crowd Machine tackles this in 3 parts. The first is the Crowd App Studio, which facilitates the building of blockchain agnostic applications and smart contracts easily and quickly using natural language, without knowing how to code. The second part is Crowd Share: a repository of app components so developers don’t have to start from scratch. Crowd Computer is the final part; a distributed computing environment that runs on unused computing power on devices worldwide where anyone with or in need of resources can participate in a global computing network.
With the high demand for a small set of experienced developers, Crowd Machine hope to give projects the technology they need to easily build apps faster than conventional approaches.
Kurt Pfluger, CSO of Crowd Machine, stated: “YouBi Capital has an extensive network of impressive blockchain companies that share in the vision of a decentralized future in which anyone, anywhere can participate. We thank the team for their vote of confidence as we prepare for our public sale and we look forward to helping them make that vision a reality through our tools.”
Co-Chief Investment Officer of YouBi Capital, Herbert Zhang said: “Crowd Machine is building truly innovative blockchain development tools and a decentralised app ecosystem for the vertical integration of all blockchains. Crowd Machine is going to be one of the engines that drives the growth of decentralized applications this year. It is ahead of its competitors with a working product and paying customers. Crowd Machine’s smart contract auto-generation feature will make it much easier to create smart contracts for all common blockchain networks. It will significantly lower the technical barriers to entry in blockchain so more developers can contribute to the blockchain ecosystem.”
The investment comes ahead of Crowd Machine’s ICO on the 1st of April, 2018, for which pre-sales are underway. YouBi Capital actively invests in leading blockchain and blockchain infrastructure projects including EverMarkets, IoTeX, Aion and RChain Cooperative.