ConsenSys

Type| Corporation
Industry| Blockchain software
Founded| October 2014[1]
Founders| Joseph Lubin (entrepreneur)
Headquarters|

Brooklyn, New York City

U.S.

Key people

| Joseph Lubin

Number of employees

| 900+ (2018)[2]
Website| www.consensys.net

ConsenSys is a blockchain software technology company founded by Joseph Lubin based in Brooklyn, New York.[3]

## Contents

* 1 Company
* 2 Projects
* 3 References
* 4 External links

## Company

Joseph Lubin founded ConsenSys in early 2015 as a software foundry[4] to develop decentralized software services and applications that operate on the Ethereum blockchain.[5]

As of July 2018[update], ConsenSys has more than 900 employees, and consists of 48 spokes.[6] ConsenSys is developing a variety of applications which operate on the global distributed computing platform.[4] The office is located in an old industrial building in Bushwick, Brooklyn and was described by The New York Times as "essentially one large room, with all the messy trademarks of a start-up operation, including white boards on the walls and computer parts lying around."[7]

The company's focus is on facilitating the empowerment of people and enabling decentralized governance through the development of software tools that devolve power from the traditional "command and control hierarchies inappropriate for a networked world."[8]

## Projects

As a dedicated venture studio, ConsenSys is actively involved in numerous projects and initiatives.

* Meridio is a platform to create, manage, and trade fractional ownership shares in real estate assets.[9]

* The Bounties Network is a protocol for creating bounties on any task, from freelancing to grassroots social impact.[10]
* BTC Relay uses the smart contract functionality in Ethereum to allow people to verify Bitcoin transactions from Ethereum’s Blockchain.[11]
* Ether.camp is an Ethereum blockchain explorer.[12]

* Blockapps Strato is a partnership with Microsoft Azure to build industry-specific blockchain (database) applications.[12][13][14]

* TransActive Grid is a joint venture with LO3 Energy which proposes to allow peer-to-peer electricity sales[15]
* Ujo Music.[16] Imogen Heap used the technology to release her single Tiny Human.[16]
* uPort is an Ethereum blockchain-based identity management system.[17]
* John Hancock Insurance is working on the LOFT project.[18]
* DAOWars is a project where human players design autonomous agents to outfight and outwit other agents created by competitors[14]
* GroupGnosis is a platform for prediction markets[14]
* EtherSign is a cryptographic tool for managing and signing documents[14]
* Blockstack Labs is a project with Microsoft to address human rights issues by creating identity systems on the blockchain.[19]
* INFURA is designed to be a scalable, standards-based, globally distributed cluster and API endpoint for Ethereum, IPFS, and other emerging decentralization infrastructure.
* Gitcoin uses ETH/ERC20 tips and bounties to incentivize work in Open Source Software; with the stated mission to "Grow Open Source"[citation needed]
* Token Foundry is positioned as the global platform for well-structured tokens and token-powered networks.[citation needed]
* MineraC is a mining based consortium to revolutionize the way commodities are traded. [20]
* OpenLaw enables lawyers to create, store, and execute legal agreements that interact with blockchain-based smart contracts.[21]

## References

1. ↑ "About us". https://store.consensys.net/pages/about-us.
2. ↑ "CoinDesk's Most Influential in Blockchain 2017: Joe Lubin" (in en-US). CoinDesk. 2017-12-31. https://www.coindesk.com/coindesk-most-influential-2017-5-joe-lubin/.
3. ↑ "Crypto Pioneers Head to Brooklyn to Reshape Finance" (in en). Bloomberg.com. 2018-05-07. https://www.bloomberg.com/news/articles/2018-05-07/-cryptolandia-blockchain-pioneers-take-root-in-hipster-brooklyn.
4. ↑ 4.0 4.1 Epstein, Jim (2016-03-18). "Can Ethereum Restore Online Freedom and Transform the Internet?". Reason. http://reason.com/reasontv/2016/03/18/ethereum-blockchain-lubin-consensys. Retrieved 2016-03-31.
5. ↑ Tapscott, Don; Tapscott, Alex (May 2016). The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. pp. 87–93, 112–114. ISBN 978-0670069972.
6. ↑ "CoinDesk's Most Influential in Blockchain 2017: Joe Lubin" (in en-US). CoinDesk. 2017-12-31. https://www.coindesk.com/coindesk-most-influential-2017-5-joe-lubin/.
7. ↑ Popper, Nathaniel (2016-03-27). "Ethereum, a Virtual Currency, Enables Transactions That Rival Bitcoin’s". New York Times. https://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?_r=0. Retrieved 2016-05-11.
8. ↑ Tapscott, Don; Tapscott, Alex (May 2016). The Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. pp. 88–91. ISBN 978-0670069972. "ConsenSys is still a tiny company. Its grand experiment may or may not succeed. But its story provides a glimpse into radical changes in corporate architecture that may help unleash innovation and harness the power of human capital for not just wealth creation but prosperity. Blockchain technology is enabling new forms of economic organization and new portfolios of value. There are distributed models of the firm emerging—ownership, structure, operations, rewards, and governance—that go far beyond enhancing innovation, employee motivation, and collective action. They may be the long-awaited precondition for a more prosperous and inclusive economy."
9. ↑ "A Blockchain Building in Bushwick" (in en). https://www.nytimes.com/2018/05/25/realestate/a-blockchain-building-in-bushwick.html.
10. ↑ Cuen, Leigh (13 June 2018). "ConsenSys Announces the Release of BTC Relay, Interconnecting Ethereum With Bitcoin". https://www.coindesk.com/afghanistan-ethereum-code-to-inspire-value/. Retrieved 15 September 2018.
11. ↑ Gomez, Eduardo (3 May 2016). "ConsenSys Announces the Release of BTC Relay, Interconnecting Ethereum With Bitcoin". http://themerkle.com/btc-relay-offically-launches-connecting-ethereum-with-bitcoin/. Retrieved 10 May 2016.
12. ↑ 12.0 12.1 Bajpai, Prableen (2016-01-07). "Microsoft's Azure Blockchain As a Service Program Gains Momentum". Nasdaq. http://www.nasdaq.com/article/microsofts-azure-blockchain-as-a-service-program-gains-momentum-cm562389#ixzz48F4aNCJ8. Retrieved 2016-05-11.
13. ↑ Rosenbush, Steve (2015-11-11). "The Morning Download: Microsoft Offers Blockchain Over Its Azure Cloud". Wall Street Journal. https://blogs.wsj.com/cio/2015/11/11/the-morning-download-microsoft-offers-blockchain-over-its-azure-cloud/. Retrieved 2016-05-11.
14. ↑ 14.0 14.1 14.2 14.3 Shieber, Jonathan (2015-10-28). "Microsoft Partners With ConsenSys To Use Ethereum To Provide Blockchain-As-A-Service". TechCrunch. https://techcrunch.com/2015/10/28/microsoft-partners-with-consensys-to-use-ethereum-to-provide-blockchain-as-a-service/. Retrieved 2016-05-11.
15. ↑ Rutkin, Aviva (2 March 2016). "Blockchain-based microgrid gives power to consumers in New York". Reed Business Information. https://www.newscientist.com/article/2079334-blockchain-based-microgrid-gives-power-to-consumers-in-new-york/. Retrieved 24 March 2016.
16. ↑ 16.0 16.1 Allison, Ian (4 October 2015). "Imogen Heap shows how smart music contracts work using Ethereum". http://www.ibtimes.co.uk/imogen-heap-shows-how-music-smart-contracts-work-using-ethereum-1522331. Retrieved 24 March 2016.
17. ↑ https://bitcoinmagazine.com/articles/microsoft-building-open-blockchain-based-identity-system-with-blockstack-consensys-1464968713
18. ↑ Michael del Castillo (2016-04-20). "Insurance Giant John Hancock Begins Blockchain Tech Tests". CoinDesk. http://www.coindesk.com/insurance-company-john-hancock-begins-multiple-blockchain-proof-concepts/.
19. ↑ Ian Allison (2016-05-31). "ConsenSys and Microsoft tackle human rights abuses with blockchain-based identity system". International Business Times. http://www.ibtimes.co.uk/consensys-microsoft-tackle-human-rights-abuses-blockchain-based-identity-system-1562722.
20. ↑ Reuters. "Open Mineral plans blockchain consortium for minerals trading". Reuters. https://www.reuters.com/article/metals-blockchain-minerac/open-mineral-plans-blockchain-consortium-for-minerals-trading-idUSL8N1U249A.
21. ↑ "Introducing OpenLaw – ConsenSys Media". ConsenSys Media. 2017-07-25. https://media.consensys.net/introducing-openlaw-7a2ea410138b.

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