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Blockchain Startup Everledger Joins MasterCard Incubator
MasterCard has selected diamond provenance startup Everledger for its summer startup incubator.
One of seven companies to join the 2016 Start Path Global program, Everledger will receive assistance from MasterCard to scale its operations and enter new markets.
STORY CONTINUES BELOW
The startups will begin the program by working with MasterCard during a week-long immersion in London, followed by the six-month virtual program that ends with the Start Path Global Partner summit in New York this November.
Advisors include Rakuten, TSYS and Royal Bank of Canada.
Founded in 2015, London-based Everledger uses blockchain technology to track the history of diamond ownership to help ensure the ethical extraction of the gems.
Michael del Castillo
A full-time member of the Editorial Team at CoinDesk, Michael covers cryptocurrency and blockchain applications. His writing has been published in the New Yorker, Silicon Valley Business Journal and Upstart Business Journal. Michael is not an investor in any digital currencies or blockchain projects. He has previously held value in bitcoin (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>). Email: michael@coindesk.com. Follow Michael: <a href="https://twitter.com/delrayman">@delrayman</a>
