Blockchain technology enabler Gate2Chain joins the nChain family, a unicorn in the making
On March 28, nChain announced a 20% acquisition and a strategic partnership with Gate2Chain to develop Web3 solutions and drive mass adoption of Gate2Chain’s blockchain-powered product line.
For me, this partnership announcement – one of many from nChain recently – holds an extra special place in my heart because I had such an amazing experience at the Gate2Chain conference and hospitality weekend in Mallorca last December. I cannot speak highly enough of the Gate2Chain team who took such good care of me in Mallorca, including Bart Olivares, CEO and Founder, and I truly believe this partnership will inspire great things within the BSV blockchain ecosystem.
So what does Gate2Chain do for the ecosystem, exactly?
“We build solutions that solve real problems using the most scalable and fastest blockchain technology (BSV). Our goal is to increase honesty, accountability and efficiency for businesses,” Olivares shared with me.
“Our key solution is the G2C Developer Suite, an enterprise-grade framework that allows easy integration with existing apps and IT systems. With G2C Suite, businesses can easily manage wallets, store data on-chain, process direct and contingent payments, organize data using Metanet -trees and tokenize products, services and tickets,” he said.
“Our second solution is Minta, a ground-breaking marketplace and social network that enables creators to generate new forms of revenue through the tokenization of goods and services, giving them full control over distribution through direct sales, auctions and royalties,” said Olivares .
“”Trace” the latest platforms developed in collaboration with IBM, gives the manufacturing industry a competitive edge through the creation of digital twins, which provide proof of authenticity, ownership and provenance, traceability and valuable data about the lifetime of any product. This solution reduces fraud and counterfeiting, as well as increasing brand protection, he added.
When I was in Mallorca, the synergies between nChain and Gate2Chain were obvious to me, and with this partnership now officially in place, the Gate2Chain range of products can be taken to a whole new level.
“By joining forces with nChain, we gain access to a wealth of knowledge, intellectual property and skills that accelerate the time it takes us to achieve our goals. Businesses generally thrive when teams collaborate to solve problems,” revealed Olivares.
“We take patents seriously. Our customers deserve and need to be protected and have the right licenses to use the technology. The partnership has empowered us to enter the commercial phase,” he added.
Christen Ager-Hanssen, CEO of nChain, has nothing but the best to say about Gate2Chain and the team behind it. He raved about their suite of tools, all with the ability to massively scale the ecosystem.
“All of these things fall into my overall plan of where I want to take nChain. I think they’re going to be a unicorn and I’m going to support them. nChain’s success is about building unicorns on our technology, I don’t want to that if I don’t see them as a potential unicorn,” Ager-Hanssen shared with me.
He went on to explain that nChain is the “plumbing” and Gate2Chain is there to make it easy for people to onboard this blockchain-powered technology and scale. His overall mission for nChain is to help people convert from Web2 to Web3, the next-generation internet, while empowering people, democratizing the world, and making everything more transparent.
When asked how he defines “Web3”, Olivares described it as an optimization of the existing internet, enabling greater privacy through peer-to-peer communication.
“With our Gate2Chain, Minta and Trace platforms, you no longer need to understand complex lines of code, nor unusual jargon, it’s as simple as ‘plug-and-play.'” Gate2Chain Developer Suite was built specifically for system integrators, and served as the basis for transitions from Web2 to Web3,” he said.
As well as having a solid offer in place, Ager-Hanssen also noted the importance of the actual people who make up the team behind the offer – it’s a particular “energy” he’s looking for. This caliber of energy is exactly what Ager-Hanssen identified in Olivares and his team.
“When I see people with passion, drive, commitment, they can do anything. Business plans can change, but people can’t change. It’s all about passion,” said Ager-Hansen.
The Gate2Chain team feels the same way about Ager-Hanssen and also Dr. Craig S. Wright, an inventor whose work they credit for the existence of Gate2Chain today.
“Our admiration goes back to 2018, the year we discovered the truth about Bitcoin. We took time to understand [Dr. Wright’s] work and put the pieces together, we finally came to the conclusion that Bitcoin was more than electronic cash, it was a powerful communication protocol. From that moment we decided to follow and build on Satoshi’s vision, until 2019 when we founded Gate2Chain,” confirmed Olivares.
“We have spent many years learning, with as much success as failure, working discreetly in the background until the launch a few years ago. The deal with nChain means a lot to us, it marks the start of a new chapter, and gives us the necessary pieces to start solving problems on a global stage,” he added.
Joe Holles de Peyer on CoinGeek Conversations: How a eureka moment paved the way for Gate2Chain
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