Israeli blockchain startup StarkWare Industries has completed a $30 million financing round, generating funds from such industry players as Intel (NASDAQ:) Capital and Sequoia USA, according to an announcement published Oct. 29.
Established in 2018, StarkWare Industries develops both software and hardware, with applications including transparent privacy in blockchains, increased transaction throughput, as well as off chain computation. The company offers a zero-knowledge protocol STARK, that purports to address the privacy and scalability challenges of the blockchain field.
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