UK-based DREAM.ac today announced it has been selected by Asia’s most successful accelerator Chinaccelerator to participate in its highly selective and intense three month start-up acceleration programme. The firm has also received seed funding from alt investment VC funds SOSV and Artesian Venture Partners.
DREAM.ac is the brainchild of serial entrepreneur Richard Foster and seeks to address the urgent global need for qualified blockchain teams by helping to source the talent required to deliver on the $12bn blockchain initiatives raised in 2017/2018 so far.
Speaking from Chinaccelerator in Shanghai, Foster, CEO of DREAM, explained: “We launched the first iteration of our online platform in 2016 and it has already matched a deep pool of highly-vetted, experienced blockchain experts with thousands of innovative organisations worldwide.”
But over time he saw that more than 40% of the firms using the site were trying to build teams. “Which is not easy when you aren’t too sure of the scope, you don’t know any of the individuals concerned or how they will come together,” continued Foster. “Latest stats suggest around 92% of blockchain projects fail and the lack of plugged in and clued up resource has to be a big factor in that.”
With the backing of the VCs and the accelerator DREAM is set to apply its experience and use AI to iteratively learn from past project outcomes. In this way DREAM will be able to pre-qualify and recommend quality decentralized teams, from coder to marketer, that really can deliver more than the sum of their parts.
Chinaccelerator is highly respected in the blockchain community and was the launchpad for Bitcoin unicorn BitMex.