ByzGen, the creator of bespoke private, permissioned blockchain solutions for the defence and security sector, has secured seed funding from financial services consultancy, Regulatory Finance Solutions (RFS). The investment will enable ByzGen to accelerate its expansion, attracting market leading technical expertise.
ByzGen Ltd was spun out by the listed Cyber Security experts, Crossword CyberSecurity PLC, and is run by CEO Marcus Ralphs who brings first-hand experience of the Defence and Security sector. He is joined by CTO Terry Leonard, who was previously the head of development and delivery at Garlik, and Delivery Director Dean Bellman, a former RAF pilot and KPMG programme lead.
Leveraging Skipchain technology, enhanced with cutting edge permission controls and security protocols, ByzGen designs, configures and deploys decentralised blockchain systems for defence and security organisations. Enabling them to protect their digital and hard assets through improved data reliability and assured transaction provenance.
“Receiving investment from RFS enables us to accelerate our plans for growth, both in terms of developing our technology and attracting the most experienced and talented software engineers and programmers in the sector” Ralphs said. “We will further build our relationship with the Swiss University, École Polytechnique Fédérale de Lausanne (EPFL), to meet our client needs across the sector.
RFS Strategy Director, Anthony Howitt ,who joins Byzgen’s Board of Directors said: “Data provenance and security is a constant challenge for organisations in the digital age. As public and private entities look to leverage the value of blockchain in protecting and governing sensitive information, ByzGen is providing market-leading solutions to meet their most critical needs.
“We are very much looking forward to working with the fantastic and experienced team at ByzGen to further solidify its unique position in the market.”
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