Nuco

NucoHeadquarters| Toronto, Ontario

|

Area served| Worldwide
Industry| Blockchain
Products| Enterprise Blockchain Platforms
Website| nuco.io

Nuco Inc. is the developer of the Nuco enterprise blockchain platform and a founding member and director of the Enterprise Ethereum Alliance. It is headquartered in Toronto, Ontario. It is backed by Bessemer Venture Partners.

## Contents

* 1 History
* 2 Product
* 3 Notable Projects and involvements
* 4 References
* 5 External links

## History

Nuco was started by three Deloitte blockchains leads in 2016[1] to deliver blockchain technology into mainstream enterprise environments. It focuses on solving pain points primarily through disintermediation and reducing friction in complex business processes.[2]

It is funded by Bessemer Venture Partners, XDL Capital Group and Plug and Play.[3]

It's advisory board includes[4]

* Vitalik Buterin, the founder and inventor of Ethereum,
* Dennis Bennie, the director of XDL Capital
* Michael Tang, Deloitte Head of Global Digital Transformation for Financial Services
* Alex Tapscott, Co-Author of Blockchain Revolution
* Tony van Marken, Partner at The OpenText Enterprise Apps Fund

## Product

The Nuco platform is a modular kernel designed from the ground up to minimize development overhead in an enterprise environment. It offers consensus, VM and API modules that solves a wide array of enterprise problems.[5] It allows developers to write Turing-complete code compatible with the Ethereum VM. It also provides unique implementations of the Byzantine Fault Tolerance and Proof of Work algorithm that are optimized for enterprise environments.[6] Additionally, Nuco provides a set of tools to significantly simplify the development and administration of blockchains in enterprise usage.

## Notable Projects and involvements

In May 2017, Nuco announced an collaboration with the TMX Group on natural gas settlements for its NGX business line.[7]

It is a founding member of the Blockchain Research Institute in collaboration with IBM and the Government of Ontario [8]

In February 2017, Nuco become a founding member of the Enterprise Ethereum Alliance[9]

Nuco advises the Ontario Securities Commission in its policies regarding cryptocurrency and Initial Coin Offerings (ICO).[10]

In the fall of 2017, Nuco created the Aion Network with the mandate to build a multi-tiered blockchain focused on interoperability, connecting public and private blockchains.[11] Aion raised $22 million USD to build the first interoperable blockchain network.[12]

## References

1. ↑ del Castillo, Michael. "Deloitte Blockchain Leads Depart to Launch New Startup". http://www.coindesk.com/deloitte-blockchain-leads-nuco-startup/. Retrieved 22 June 2017.
2. ↑ Prisco, Giulio. "Deloitte Team Launches Custom Blockchain Solution Rubix Core". https://bitcoinmagazine.com/articles/deloitte-team-launches-custom-blockchain-solution-rubix-core-1463687003/. Retrieved 22 June 2017.
3. ↑ "Nuco's Investors". https://www.crunchbase.com/organization/nuco/investors. Retrieved 22 June 2017.
4. ↑ "Nuco Advisory Board". https://www.crunchbase.com/organization/nuco/advisors. Retrieved 22 June 2017.
5. ↑ "Nuco Architecture". https://nuco.io/documentation/docs/generalconcepts/package-index.html. Retrieved 22 June 2017.
6. ↑ "Consensus Algorithms". https://nuco.io/documentation/docs/generalconcepts/consensus.html. Retrieved 22 June 2017.
7. ↑ Quinn, Shane. "TMX Group Develops Blockchain Prototype for Energy Business". Market Watch. http://www.marketwatch.com/story/tmx-group-develops-blockchain-prototype-for-energy-business-2017-05-24.
8. ↑ Willms, Jessie. "Don Tapscott Announces International Blockchain Research Institute". http://www.nasdaq.com/article/don-tapscott-announces-international-blockchain-research-institute-cm762234. Retrieved 22 June 2017.
9. ↑ del Castillo, Michael. "Big Corporates Unite for Launch of Enterprise Ethereum Alliance". http://www.coindesk.com/big-corporates-unite-for-launch-of-enterprise-ethereum-alliance/. Retrieved 22 June 2017.
10. ↑ "FIC Speakers". https://www.dcsil.ca/fic-speakers. Retrieved 22 June 2017.
11. ↑ "Aion ICO Pre-Sale Raises $7.2M in Under a Week, Adds $22 Million | Crowdfund Insider" (in en-US). Crowdfund Insider. 2017-10-09. https://www.crowdfundinsider.com/2017/10/122975-aion-ico-pre-sale-raises-7-2m-week-adds-22-million/.
12. ↑ "Aion ICO Pre-Sale Raises $7.2M in Under a Week, Adds $22 Million | Crowdfund Insider" (in en-US). Crowdfund Insider. 2017-10-09. https://www.crowdfundinsider.com/2017/10/122975-aion-ico-pre-sale-raises-7-2m-week-adds-22-million/.

## External links

* Official website

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