The creators of the popular Ethereum developer tools called Truffle Suite, separated from their parent company ConsenSys, receiving from it $ 3 million of funding to focus their efforts on meeting the needs of corporate clients, Forbes reports.
Under the terms of the agreement, the founder of ConsenSys, Joseph Lubin, will join the board of directors of Truffle. The project intends to use the funding received to create a “enterprise-grade suite of blockchain development tools" and to attract new employees.
In the future, Truffle will work with Axoni, supported by Goldman Sachs and JPMorgan. Together, they will work on a product called AxCore, which will be used by the Depository Trust and Clearing Corporation to process transactions for $ 10 trillion per year. Even before the start of the official collaboration, Axoni used Truffle’s public tools.
Enterprise adoption is finally happening because the maturity of our space is finally advancing to a level where enterprises can capitalize. Not only that, but they have the funds to invest into making this the experience that it should be, the technology that it should be.
vice president of partnerships, Truffle
In the near future, Truffle may name the names of its institutional partners. In addition, it plans to integrate its solutions into Quorum from JPMorgan, Hyperledger Sawtooth from Intel and other blockchains targeted at corporate users.