Chain aims to build a one-stop solution for all elements of the blockchain’s infrastructure, allowing enterprises to plan and expand their business without spending too much time worrying about the platform's underlying technology. Enterprises can gain access to blockchain infrastructure solutions with support teams, ledger management, NFT consulting, and more.
Chain Token ($XCN) is the native cryptocurrency and governance token of the Chain Protocol and Chain ecosystem of products. $XCN is a utility-based cryptocurrency that is used for discounts, premium access, and to pay for commercial fees on Sequence, a ledger as a service, designed for enterprises, as well as other Chain products. $XCN is also used for on-chain governance for various community-driven programs through Chain DAO.
Chain has launched Chain Core, a permission and open-source blockchain, and Sequence, its ledger as a service product. Using Chain Core, institutions can launch and operate a blockchain network or connect to a growing list of other networks that are transforming how assets move around the world. The Chain Protocol defines how assets are issued, transferred, and controlled on a blockchain network. It allows a single entity or a group of organizations to operate a network, supports the coexistence of multiple types of assets, and is interoperable with other independent networks. Chain Core is engineered for the performance demanded by modern financial systems. The time to create, sign, and validate a transaction is measured in milliseconds.
Chain's main products are Chain Cloud and Sequence.
- Chain Cloud is a decentralized and distributed infrastructure protocol designed for developers to access blockchain networks on demand. In addition, clients can utilize various services within Chain Cloud to meet their blockchain and web3 product needs.
- Sequence is a cryptographically-secured cloud blockchain ledger service. It allows users to manage balances in financial and commerce applications like wallet apps, lending platforms, marketplaces, exchanges, and more. While ledgers are managed as a service, all transactions must be signed by the relevant keys. These keys are held in secure enclaves and controlled by the users, services, or organizations that have authority over particular assets, accounts, and functionality.
Core Team of Chain
- Deepak Thapliyal – CEO – Thapliyal is an entrepreneur who is an avid domain investor who previously worked in the private sector and built arbitrage trading systems.
- Santosh Kumar – CTO – Masters in Computer Science from Old Dominion University. Previously: Blockchain Technical Leader at Cisco and Senior Engineering Lead at Coinbase.
- Mike Herron – CMO – Degree in Business Administration from Waubonsee College. Previously: Global Head of Marketing at Lukka.
- Maya Enright – CPO – Degree in Business from Nova Southeastern University. Previously: Vice President of Human Resources and Talent Acquisition at CloudBolt Software.
Chain was founded in 2014, it has raised $30 million in funding from Khosla Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, and Visa. In 2018, Chain was acquired by Lightyear Corp., the commercial arm of the Stellar Development Foundation, the organization behind the Lumens cryptocurrency, which formed Interstellar. In 2020, Chain was re-acquired to continue its mission to build a more robust global financial system through blockchain cloud technology. Chain is now operating as a privately held corporation with a newly established board of directors, officers and shareholders.
Current known investors of Chain include Khosla Ventures, Pantera Capital, Capital One, Citigroup, Fiserv, Nasdaq, Orange, Visa, etc.