AUSTIN, TEXAS (July 23, 2019) — Second State, a developer of an open source blockchain smart contract platform for enterprises, has raised $3 million in Series A funding from a number of top venture capitalists and angel investors, including Susquehanna International Group (SIG), Ethereum Classic Labs, and JBoss creator Dr. Marc Fluery.
The Second State blockchain is fully compatible with the Ethereum platform, but with its own enterprise-friendly virtual machine and programming language extensions. Notable examples of such enterprise features include:
- A [formal rules engine and rules language](https://www.litylang.org/business_rules/ in smart contracts
- An integrated smart contract search engine services to complement web3
- A high-performance and fast-finality underlying blockchain
- A one-second confirmation time
- Gas-free operations
A new blockchain you can create with the click of a mouse
With comprehensive DevOps and container tools, Second State empowers customers to create a new blockchain simply and easily. Each newly-created Second State blockchain is ready for mart contract search, data services, and BUIDL.
An Ethereum search engine
Second State engages the open source developer community to develop and promote the software stack, and then curate turn-key solutions for specific industries. Its subscription-based service offerings include software support and updates, production deployment and management, training and more.
“We’re providing high-quality, turn-key blockchain and smart contract solutions for businesses,” Dr. Michael Yuan, founder and CEO of Second State, said. “Not only are Second State blockchains programmable by its enterprise customers, optimized for business use cases, and completely open source, they are supported by commercial service agreements as well.”
Dr. Yuan, who authored Building Blockchain Applications (published by Addison-Wesley), brings extensive experience developing and commercializing open source and decentralized software to the Second State enterprise. Moreover, Second State’s contribution to the open source community already has been acknowledged by Ethereum developers, crediting Second State’s own Ming Chuan Lin “for both discovering and fixing the bug.”
Moving forward, Second State aims to make major contributions to the new WebAssembly-based Ethereum 2.0 virtual machine. For more information about Second State, visit secondstate.io.