AXA Strategic Ventures invests in blockchain technology

Blockstream is a young Canadian startup founded in 2014 and based in Montreal. It specialises in blockchains, the technology behind the development of cryptocurrencies, of which the most widely known is the Bitcoin. Blockchains operate in a peer-to-peer network, in which each user supervises the data shared over the network, to secure various databases and guarantee that they remain inviolable.

At the cutting edge of this technology is Blockstream. The young company has developed sidechains – blockchain protocols that can be used to create interoperable public and private networks and thereby ensure agile, secure transactions. Blockstream offers companies the safest, most mature blockchain solution on the market, reducing the cost of trust and preventing network fragmentation, while strengthening security standards.

By streamlining transactions, redefining data protection methods and reducing their cost, this technology has the potential to significantly impact the insurance and asset management businesses and transform standards across all industries.