Moeco raises $5 million from Bitfury to bring blockchain to the internet of things

Moeco raises $5 million from Bitfury to bring blockchain to the internet of things

Dutch IoT startup Moeco has raised an investment of $5 million from US blockchain company Bitfury. Moeco uses the blockchain to build its IoT data routing platform and will now be implementing Bitfury’s Exonum protocol. “Moeco is a service platform that enables customers to deploy citywide IoT networks using blockchain technology, and the Bitfury Group provides a full range of blockchain services and solutions that can help them do just that,” said Valery Vavilov, CEO of Bitfury. “Moeco’s goal is to ‘uberize’ IoT connectivity by delivering data to the right place in a secure way and making sure the […]