Fluree receives $4.7 million in funding; plans to design blockchain-based database

Blockchain startup Fluree has received a $4.7 million seed round investment, TechCrunch writes. ​4490 Ventures led the round and Revolution’s Rise of the Rest Seed Fund​ participated.

The startup is planning to develop a blockchain-based database. Fluree CEO and co-founder Brian Platz explained the application of blockchain can provide the database with “immense integrity around the data.” It can provide the proof the data hasn’t been altered and people can trace the source of the data, which is impossible to do currently.

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