Elixxir, a blockchain startup launched by David Chaum, a renowned computer scientist, and serial entrepreneur, announced via a press release a successful investment round led by Ripple co-founder Chris Larsen.
The objective of this new company is to attain the vision of decentralization envisioned by Satoshi Nakamoto in 2008.
David Chaum, the company’s founder, is an American cryptographer who created Ecash in 1982, long before Cryptocurrency became a reality.
He is also best known for his roles in DigiCash, an electronic money company that was founded more than a decade before bitcoin, and for publishing papers on money and cryptography.
He is also recognized as a successful entrepreneur who suggested the idea of the Blockchain in the 80s when he was a Ph.D. student at the University of California Berkeley.
As the discoverer of virtual currencies and renowned cryptographer, he also helped to set up the Association for Cryptology Research.
David Chaum attended the Money 20/20 yesterday, October 23rd (from 9:00 am to 9:30 am PST), where he also was also supposed to meet Litecoin founder Charlie Lee and BTC media founder David Bailey to discuss privacy in the modern age.
Elixxir actually started its development cycle in early 2016. The company’s idea was a bit old but the development started in “stealth” mode, according to the press release.
Now, investors from the U.S. and Asia, who share a common vision for the future with the platform, are focused on building a system that enables truly confidential transactions and secure communication of sensitive data on a large scale.
The investment was led by H&D Company – which is owned by Ripple’s co-founder Chris Larsen. The company said they value the knowledge and experience Chaum has gained in the area. Larsen added that Chaum has been a privacy defender since the early days and that he has been advocating this idea for almost forty years, longer than anyone else in the industry.