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Andrew Allemann
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Donuts makes an investment in Netki.
Donuts has made its second investment under its Donuts Labs program.
Netki, Inc. is billed as a digital identity startup dedicated to democratizing digital currency. Just how does this relate to DNS? Here’s how Donuts explains it:
As a distributed database, the blockchain maintains a continuously growing list of data records. Blockchain-based applications, such as bitcoin wallets, utilize complicated, 32-character alphanumeric wallet addresses; Netki’s Wallet Name Service makes blockchain applications user-friendlier by generating easy to remember “wallet names.” Netki leverages “secure DNS” (known formally as domain name system security extensions, or DNSSEC) to map wallet names to blockchain-based public addresses. End-users can then safely share their wallet names in a way that improves security and privacy when compared to current practices.
In May, Donuts announced an investment in geofencing company GeoFrenzy.
I’m not surprised that Donuts invested in a blockchain company. When I interviewed Donuts COO Richard Tindal and CEO Paul Stahura in May, blockchain came up many times.
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The post Donuts invests in Blockchain technology company appeared first on Domain Name Wire | Domain Name News & Views.
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Donuts has made its second investment under its Donuts Labs program.
Netki, Inc. is billed as a digital identity startup dedicated to democratizing digital currency. Just how does this relate to DNS? Here’s how Donuts explains it:
As a distributed database, the blockchain maintains a continuously growing list of data records. Blockchain-based applications, such as bitcoin wallets, utilize complicated, 32-character alphanumeric wallet addresses; Netki’s Wallet Name Service makes blockchain applications user-friendlier by generating easy to remember “wallet names.” Netki leverages “secure DNS” (known formally as domain name system security extensions, or DNSSEC) to map wallet names to blockchain-based public addresses. End-users can then safely share their wallet names in a way that improves security and privacy when compared to current practices.
In May, Donuts announced an investment in geofencing company GeoFrenzy.
I’m not surprised that Donuts invested in a blockchain company. When I interviewed Donuts COO Richard Tindal and CEO Paul Stahura in May, blockchain came up many times.
© DomainNameWire.com 2016. This is copyrighted content. Domain Name Wire full-text RSS feeds are made available for personal use only, and may not be published on any site without permission. If you see this message on a website, contact copyright (at) domainnamewire.com.
Latest domain news at DNW.com: Domain Name Wire.
The post Donuts invests in Blockchain technology company appeared first on Domain Name Wire | Domain Name News & Views.
Related posts:
- Donuts hires six for sales and marketing
- Donuts assigns rights to .futbol and .reviews top level domains to Demand Media’s Rightside
- I just went 0-for-17 registering new domain names
Continue reading...
