France has recently made another bold move to show its cordiality toward the blockchain technology.
According to Finextra, the said government launched Chain Accelerator yesterday, June 18, with 30 partners all hailing either from the financial or technology industries to extend help to promising blockchain startups. The startup accelerator’s partners are considered veterans in their respective fields — included are Bibop Gresta from Hyperloop Transportation Technologies, Leonard Schrank from SWIFT, Pascal Gauthier from Ledger, Pamir Gelenbe from Libertus Capital, among many other notable luminaries.
The Paris-based accelerator will be providing a wide array of services to its many clients like technical prototyping, recruitment, business development, funding guidance, marketing and public relations, as well as Initial Coin Offering (ICO) support and “token economy” advisement.
Nicolas Cantu, Chain Accelerator’s co-founder, commented on the communion of industry veterans for the common cause:
“At a time when the President and the Government want to make Paris the capital of the ICOs, Chain Accelerator is positioning itself as a key player. By setting up a global and operational network in Paris, it brings together the best talent, extends the circle of contributors, and prepares for disruptions to help blockchain projects develop protocols in all sectors.”
The said project has already begun to make waves even during its six-month incubation period, supporting as many as 13 startups.