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{"id":15922,"date":"2023-01-20T22:25:37","date_gmt":"2023-01-20T22:25:37","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/"},"modified":"2023-01-20T22:25:38","modified_gmt":"2023-01-20T22:25:38","slug":"topl-blockchain-raises-15m-to-help-track-social-impact-initiatives","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/","title":{"rendered":"Topl blockchain raises $15M to help track social impact initiatives"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/07\/26\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/<\/a><\/br>
\nTopl blockchain raises $15M to help track social impact initiatives<\/br>
\n2023-01-20 22:25:37<\/br><\/p>\n

\n

Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives, the firm exclusively told TechCrunch.<\/p>\n

The raise was co-led by Mercury, Republic Asia and Cryptology Asset Group. The company raised $5 million in a 2020 seed round, Chris Georgen, founder at Topl<\/a>, shared with TechCrunch.<\/p>\n

Its blockchain has been used by a range of entities looking to track products from conflict-free diamonds to ethically sourced coffee and fair-wage cocoa.<\/p>\n

\u201cThere are new markets, markets with not a lot of trust and markets that have hugely diverse actors,\u201d Georgen said.<\/p>\n

\u201cSo if I\u2019m dealing with coffee supply chains, I have individual small farmers and companies as large as Cargill<\/a>. Or in the carbon credit space, there\u2019s big and small projects; companies and individuals trying to offset and they\u2019re very diverse and nobody really knows what to do with each other,\u201d Georgen noted. \u201cThere are new very untrustworthy markets and that\u2019s where we think the blockchain is suited to come into. We think blockchain technology should be applied to new markets.\u201d<\/p>\n

Georgen said that over the next 12 months, the fresh capital will go toward three major aspects on Topl\u2019s roadmap, in addition to hiring new talent.<\/p>\n

The first is decentralizing its blockchain so that there\u2019s community governance. The next two elements will consist of launching new blockchain-powered products: a traceability-as-a-service application, which will launch next month, and registry-as-a-service application for carbon credits, among other things, which will launch next year.<\/p>\n

The company works with customers who utilize blockchain technology for things ranging from sustainability-focused startups launching carbon credits to move-to-earn applications where you can earn carbon credits by biking instead of driving a car to work, Georgen said. \u201cWe also have some Fortune 500 companies that are moving internal ESG reporting systems on the Topl blockchain so investors and the board can see how they achieve ESG milestones.\u201d<\/p>\n

\u201cI think we\u2019re still in the early days of blockchain adoption,\u201d Georgen said. \u201cAs tech matures, the sign we\u2019re looking for with blockchain adoption when it\u2019s more silent and where things are powered by blockchain technology without it being front and center.\u201d<\/p>\n

By the end of the year, Topl expects to have about 40 to 50 projects on-chain.<\/p>\n

\u201cThrough all these downturns, we still see adoption, building and enterprise projects continue and sometimes increase during these periods,\u201d Georgen said. \u201cFrom an adoption perspective, we saw no downturn in that\u2026We don\u2019t have bull markets and bear markets; we have bull markets and build markets.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2022\/07\/26\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/07\/26\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/ Topl blockchain raises $15M to help track social impact initiatives 2023-01-20 22:25:37 Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives, the firm exclusively told TechCrunch. The raise was co-led by Mercury, Republic Asia and Cryptology Asset Group. The company raised […]<\/p>\n","protected":false},"author":1,"featured_media":15923,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-15922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nTopl blockchain raises $15M to help track social impact initiatives - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Topl blockchain raises $15M to help track social impact initiatives - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/07\/26\/topl-blockchain-raises-15m-to-help-track-social-impact-initiatives\/ Topl blockchain raises $15M to help track social impact initiatives 2023-01-20 22:25:37 Blockchain ecosystem Topl has raised $15 million in a Series A funding round to help companies track and monetize social impact initiatives, the firm exclusively told TechCrunch. 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