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Peter Gabriel Invests in Provenance Blockchain Startup

“We need to be able to trust the source and distribution chain, particularly when it comes to guaranteeing that things are produced ethically and in an ecologically sound way. I am convinced that the service Provenance provides, using their blockchain data system, is going to find a big role going forward and will be of great use to the consumer and provide a level playing field for smaller, independent producers on which to compete with the big players. Jessi Baker and her team are very impressive and I fully expect them to do really well,” Gabriel said.

Earlier, the Genesis frontman invested in various totally different startups, not related to the blockchain experience.

Launched in 2015 by Jessi Baker, Provenance objectives to utilize Ethereum blockchain experience in the meals present chain by monitoring the produce on grocery retailer cupboards to search out out its origin. In 2017, the startup entered the Excessive three score of the best blockchain firms, primarily based on CEX.io. Te first Provenance’s spherical raised $ 800 thousand. The raised funds shall be used to develop a model new blockchain based decision which will improve shopper confidence in the meals sector. The enterprise’s particulars won’t be disclosed, it’s solely recognized that Provenance plans to work with 1,000 firms by 2025.

Earlier, the Genesis frontman invested in various totally different startups, not related to the blockchain experience.

Launched in 2015 by Jessi Baker, Provenance objectives to utilize Ethereum blockchain experience in the meals present chain by monitoring the produce on grocery retailer cupboards to search out out its origin. In 2017, the startup entered the Excessive three score of the best blockchain firms, primarily based on CEX.io. Te first Provenance’s spherical raised $ 800 thousand. The raised funds shall be used to develop a model new blockchain based decision which will improve shopper confidence in the meals sector. The enterprise’s particulars won’t be disclosed, it’s solely recognized that Provenance plans to work with 1,000 firms by 2025.

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