Chain Core is an enterprise permissioned blockchain system that is mostly focused on financial services, like currencies, securities, derivatives, gift cards, and loyalty points. The company partners with clients to launch and operate a network under the client's brand. Thanks to its strategic partnerships with companies such as Capital One, Citigroup, Fiserv, Nasdaq, Orange, Visa, etc., the company raised over $40 million in funding since 2014.
Within the Chain Core network, the creation and transfer of assets is decentralized. However, as stated in the 2016 Kudelski Security report,
"the operation of the network is governed by a designated set of entities known as a federation".
The platform features the Chain Testnet, which allows decentralized application development on Chain Core, operated by Chain, Microsoft, and the Initiative for Cryptocurrencies and Contracts (IC3).
For more information, please refer to https://chain.com/technology/.
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