Bloq

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Bloq
Bloq.jpg
Founded 2016
Headquarters 330 North Wabash Street, 23rd floor Chicago, IL 60611
Key People Jeff Garzik, co-founder, CEO; Matthew Roszack, co-founder, chairman; Hadley Stern, COO; Steve Beauregard, CRO; Gavin Andresen, advisor; William Mougayar, advisor; Colleen Sullivan, partner
Employees 11-50
Products Blockchain technology, smart contracts software development
Twitter @bloqinc
LinkedIn Profile
Facebook bloqinc
Website Bloq Homepage
Blog Bloq Blog

Bloq is a fintech company specializing in dApps and blockchain technology.

History

Bloq was founded in 2016 by Jeff Garzik and Matthew Roszak, who currently serve as CEO and chairman respectively. They created Bloq to develop new blockchain technology.[1] In October 2018, the company hired Hadley Stern, the former head of Fidelity Digital Assets' cryptocurrency and blockchain incubator, as Bloq's first-ever COO.[2]

Products and Services

There are four major branches of Bloq's business: Bloq Enterprise, Bloq Cloud, Bloq Think, and Bloq labs. Bloq Enterprise is a blockchain platform that includes a wallet for digital assets, tools for setting up private blockchains, data analytics for cryptocurrency exchanges, and a smart contracts development function called BloqOra. BlockThink is a blockchain consultancy service. BlockLabs is a technology research and advisory service aimed at helping smaller startups utilize blockchain technology.[3][4] Bloq Cloud is a cloud-based blockchain service that is expected to launch mid-Summer 2019.[5]

Metronome

In 2017, Bloq announced Metronome (MET), a new cryptocurrency designed to be transferred across multiple blockchains. The announcement said that Metronome would be designed to function "like a boxcar" atop blockchains - that it would eventually be transferrable across several blockchains without affecting its price. The announcement also said there would be an opening auction of 10 million MTN - 8 million of which would be available to the public, while 2 million would be set aside for Bloq as the principal development team. Proceeds of the sale, according to the announcement, would be used to support smart contracts that would distribute them to MET users "over decades." Garzik said at the Money2020 conference in Las Vegas in October that year that MET was designed to build on the strength of existing blockchains, not supplant them.[6][7]

In November 2019, the Metronome mobile wallet launched.[8] In July 2019, developers of Metronome enabled MET holders to transfer MET tokens from the Ethereum blockchain to the Ethereum Classic blockchain and back at will. This feature was added in order to allow MET tokens to move from blockchain to blockchain while mitigating the risk of price volatility affecting the value of their tokens. This feature was also designed to make Metronome more decentralized by eliminating blockchain permanence through "chainhopping," or enabling the transfer of digital assets across different blockchains.[9]

Key People

References