San Jose-based PeerNova started off as a bitcoin mining company through a merger in 2014 between cloud mining firm CloudHashing and enterprise hardware designer HighBitcoin. The company has since shifted its focus from mining infrastructure services to enterprise blockchain software.
It's a move that has paid off. Blockchains are made to guarantee data visibility and finality - two virtues that financial institutions are naturally interested in.
It's in these highly regulated contexts that PeerNova sees its future success. The company has chosen to focus on guaranteeing the correctness of data and positioning itself as a compliance service.
The difficulty for PeerNova might be that these financial institutions are often wary of blockchain applications. However, the stigma around the industry should drift, especially as organisations like PeerNova consistently prove out use-cases.
Freddie
Company Specialist at Welcome to the Jungle