Blockchain identity platform, Peer Mountain, has postponed the public element of its token sale due to adverse market conditions.
It tweeted yesterday: “We believe this to be the best decision for the company and token participants. In the interim the team remains fully focused on factors within our influence and are dedicated to bringing Peer Mountain to production.”
“We will continue to develop product and will focus on three core areas during this period: Technical development; Partnerships; Private sales and white-listing. We will continue to update our supporters and community as we hit milestones in these areas and will share information shortly on these,” it added.
In June, Peer Mountain announced that it had joined open source blockchain initiative, Enterprise Ethereum Alliance (EEA).
The EEA has a number of members in various industries around the world, including BBVA, Mastercard, Microsoft, ING, Shell and UBS. “Membership in the EEA will help boost development of our enterprise-ready cross-chain protocol that connects SSID holders with businesses, enabling scalable blockchain commerce,” said Peer Mountain CEO and Founder Jed Grant.
“We look forward to contributing to the EEA’s collective expertise. Working closely with our fellow alliance members, we hope to accelerate enterprise-level adoption of blockchain technology and enable our clients to deliver innovative solutions to their customers.”