Blockchain technology specialist eyes international markets
Wallet.Services, Scotland’s leading blockchain specialist, is eyeing opportunities in international markets on the back of a series of client wins in 2018 and its latest funding round.
The company was founded by Scottish technology stalwarts Stuart Fraser and Peter Ferry in 2016 with a vision to address the complexity and security risks experienced in everyday digital life through the application of distributed ledger technology.
Peter Ferry, commercial director and co-founder, said: “We continue to focus on the real world industry problems of our customers. We’re applying distributed ledger technology to enable new ways for organisations to collaborate to create business efficiencies in supply chains whilst cryptographically securing privacy and commercial confidence.”
Stuart Fraser, managing director and co-founder of Wallet.Services, added: “Distributed ledger technology moved into the mainstream in 2018, with public sector projects building trust and transparency in citizen services and private sector projects reducing timescales for tracking products in transit from a week to just seconds.”
Wallet.Services grew its client base during 2018, with the Scottish Government’s Improvement Service, the national improvement organisation for local government in Scotland, among the company’s contract wins.
It is also experiencing increasing activity in the oil and gas and energy sectors and the company is set to announce major industry partnerships later in the year. The company has built research partnerships with the University of Strathclyde’s Advanced Forming Manufacturing Centre and the University of Edinburgh’s Blockchain Technology Laboratory to ensure emerging academic developments are applied.
The company secured its latest funding round in Q4 of 2018 – led by VC firm Mercia Technology and existing angel investors – to support the development of its award-winning SICCAR software platform.
It is planning to increase its headcount in Edinburgh this year, adding senior and crypto engineers to its existing development team.
Why innovation and marketing are the perfect partners to make changes that matter￼
With the rapid evolution of traditional marketing and the appearance of digital marketing, technology and innovation has become part of any marketer’s life without the need of working for a…
Transitioning to a four-day week – CEO’s vow to strike a healthier balance in the workplace
I came to Scotland nearly 20 years ago from Ireland, with no contacts but a lot of determination. While Ireland will always be my home, Scotland has given me amazing…
Women Lead: The female-led company championing intuitive working
Over the last two years, the pandemic forced a shift to more remote and flexible working practices. Whilst we might be seeing a “return to normal”, some companies are choosing…
Women Lead: My passion for young people to consider a career in digital
Twenty years ago, I stumbled across my career in digital marketing almost by accident. It was during my honours degree in marketing at Glasgow Caledonian University. I was on work…
Women Lead: Inclusive Silicon Valley cohort gives hope to entrepreneurs from diverse backgrounds
Things are happening on the Scottish tech scene. Big and small initiatives are creating a fantastic ripple effect on the sector, bottom up and top down, thanks to the recommendations…
Women Lead: The story of an entrepreneurial scientist
I first arrived in Scotland over 20 years ago. I had £75 in my wallet and a scholarship offer to do a PhD at the University of Edinburgh. Sometimes I…
Please mind the gap… or healthcare may fall
Imagine sharing a lengthy train journey with others. From beginning to end, imagine how often you might hear ‘mind the gap’ messages about embarking and disembarking safely. Picture how navigating…
Women Lead: My journey from Dragons’ Den to Silicon Valley
Following her appearance on Dragons’ Den, Sheila Hogan, serial entrepreneur, founder and chief executive of digital legacy vault, Biscuit Tin, shares her experience of her time in the Den and…