Gospel Technology closes £1.4 million round

The venture has developed an “enterprise-grade” security platform, underpinned by blockchain, used by clients in such sectors as retail, finance, automotive, government, healthcare and manufacturing.

“For manufacturers and other businesses dealing with critical data there is a problem of trust in data systems, particularly when there is a need to share that data outside the organisation,” says Founder and Chief Executive Ian Smith. “With Gospel technology we can provide an immutable record store so that trust can be fully automated between systems of forward thinking businesses.”

Remus Brett, Venture Partner at LocalGlobe, adds: “The problem Gospel is solving is how big companies stop critical data from being compromised when traditional ‘hub and spoke’ or centralised approaches to data security are failing them. Using blockchain technology Gospel can secure company data, thereby solving one of the biggest challenges of data trust that companies large and small face today.”

Further details here.