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French Blockchain Startup KeeeX Raises €100,000

Reading Time: 2 minutes by on April 15, 2016 Business, News
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KeeeX, a French blockchain startup specializing in document storage and sharing, has raised €100,000 (US$112,000) from undisclosed private investors, the company announced earlier this week.

The new funding brings Keeex’s total capital raised to €500,000. Other investors and shareholders in the company include SATT Sud-Est, BPI France and Région PACA.

Laurent Henocque, founder and CEO of KeeeX, said that the capital will help his company move to the next level of development.

“Our solution, which is already being used by a number of companies, should rapidly position itself as a reference and trigger the emergence of a new approach in terms of digital collaboration,” Henocque said.

Founded in 2014, KeeeX is a Marseille-based company that has developed a platform combining a professional instant messenger service, fully private file-sharing capability, versioning, chaining, tagging, commenting, approving, signing and time-stamping.

The solution aims to help professionals collaborate more efficiently and increase productivity.

KeeeX leverages a patented solution to embed within any digital content one or several cryptographic certificates of non-modification together with direct links to other files and documents and more metadata.

KeeeX uses blockchain technology to allow users to notarize, create smart contracts and make ownership transfers.

Users, which are identified with Bitcoin signatures, can “keeex” all sorts of data: a message, document, file, concept, or keyword. A datum would then have a unique ID proving its integrity permanently. Different data can be connected to each other, allowing users to create chains of data that are immutable, signed and accessible to everyone to consult.

KeeeX offers its solution to individuals with a yearly plan. Companies can opt for a licensing plan.

The funding comes shortly after the release of KeeeX v3.0. Also called Tigon, the new version provides additional features including one-click timestamping over the Bitcoin blockchain of any contract, document, picture, invention, creation, proof or copyright.

Blockchain technology is gaining popularity in France. French multinational bank and financial services company BNP Paribas, has recently “[confirmed] its commitment to blockchain.”

The bank, which is working towards its “digital transformation,” has been “studying” blockchain technology since 2011, exploring potential applications that would improve both customer experience and efficiency of services.

Earlier this month, a subsidiary of BNP Paribas announced a new partnership with crowdfunding platform SmartAngels to allow the bank to leverage blockchain technology to enable private companies to issue securities.

BNP Paribas is part of the world’s largest bank consortium led by New York-based fintech firm R3 CEV aimed at developing blockchain infrastructures for the financial services industry.

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