Blockchain Foundry Inc. was founded in 2016 by the development team responsible for creating the Syscoin protocol in 2014. The team recognized the opportunity to productize the benefits blockchain technology presented for use by both businesses and everyday consumers. The Syscoin protocol provides several advantages over competing protocols, such as Bitcoin and Ethereum, that uniquely position it for rapid productization with minimal overhead.
Blockchain Foundry Inc. is a founding member of Microsoft’s Decentralized Identity Foundation. Microsoft and Blockchain Foundry Inc. are partners in the mission to decentralize identities using blockchain technology.