A startup from the UK is betting on the blockchain technology to help solve the world’s problems.
Seo firm has set up a new blockchain firm in the UK and is set to launch the technology at the Royal Academy of Engineering on Friday.
The Royal Academy’s Global Blockchain Forum will be hosting the blockchain conference in London, the British government announced on Thursday.
The Blockchain Forum aims to bring together leading blockchain innovators, policy makers and academics.
The UK’s blockchain technology is one of the most exciting innovations in the world, according to Blockchain Magazine.
The blockchain technology can store, verify and transfer value in a way that no government or other institution can, the magazine reported.
It has the potential to be a game changer, said the magazine, because it offers a way to create a secure, distributed and auditable global record of all transactions, transactions and assets.
The new company, called Seo, is aiming to bring blockchain to the UK by 2020.
The company said that it aims to use blockchain technology for managing data and to reduce costs, increase transparency and reduce the cost of running a business.
Seoin Capital, a private equity firm founded by British entrepreneur, James Cook, is backing Seo’s venture.
Seon Capital is an early investor in blockchain technology, and said it was excited about Seo.
“We’re excited to be involved with this project and look forward to seeing Seo and its team grow their brand,” said Seon’s head of business development, Jonathan Ritchie.
Seolion Capital is also a shareholder of Seo but did not comment.
The ICO began on Dec. 16 and will run until Jan. 31.
The fund is also running a crowdfunding campaign for the project, with a goal of raising about £2 million ($2.9 million) by the end of the ICO.
Seoni said it would also be using the fund to build out its business in a bid to boost its reputation.
“The blockchain is an amazing technology and has the capacity to fundamentally transform the way we do business, and it will take us one step closer to becoming a globally recognised and trusted digital currency and payment system, which is essential for the future of the economy,” the company said in a statement.