According to TechFlow, on November 1, according to Fortune, the blockchain content verification platform OpenOrigins announced the completion of a $4.5 million seed round led by Galaxy Interactive. The blockchain technology developed by the company can verify the authenticity of digital content such as photos and videos in real time, and has now reached a cooperation with ITN, a leading British media production company.
Manny Ahmed, founder of OpenOrigins and a PhD student at Cambridge University, said the company is unique in that it can verify both real-time content and historical content. The technology records content verification information on the Ethereum-based Hyperledger blockchain, which can provide content authenticity assurance for a variety of fields such as news media, insurance companies and online dating platforms.
The company plans to use the new financing to expand its business team and expand its business to India and the United States. At the same time, OpenOrigins will also launch a market platform to help news organizations license their verified data for AI training.