Blockchain
Careers at Blockchain
Mission
Blockchain facilitates sending and receiving money electronically using bitcoins.
Product Segments
Blockchain allows individual users the ability to instantly transfer or receive money throughout the world while retaining complete ownership and control of their funds. Once a customer signs up, their bitcoin address is created. An encrypted wallet is stored safely in the cloud or can be downloaded to a personal computer.
Once the user logs in, the browser decrypts the wallet and uses Blockchain’s Application Program Interface (API) to lookup its balance. When bitcoins are backed up, they can be used on any desktop client. Step-by-step instructions about how to backup funds, and protect accounts from unauthorized access is provided through the Blockchain Security Center.
Blockchain offers services for businesses seeking to conduct business globally. By offering distributed ledger technology, digital data can be replicated, shared, and synchronized across multiple sites, countries, and institutions. Through competitive research, security, efficiency, and fund settlement speed they are changing the way businesses handle their funds.
The Thunder Network, released by Blockchain in 2016, is the first usable implementation of the Lightning network, when payments are not processed on the bitcoin network, which facilitates secure, and instant payments by settling the funds back into the main bitcoin blockchain. It allows the bitcoin network to handle heavy loads, and increase user privacy. Payments can be settled instantly at a low cost and are irrevocable the moment they are seen.
History
Blockchain, the bitcoin wallet platform, began as a hobby for creator Ben Reeves in 2011. He was the sole member of the company until 2013 when co-founders Peter Smith and Nicolas Cary helped Reeves turn it into a pioneering business. After acquiring the bitcoin trading application ZeroBlock, Blockchain went on to reach a milestone of 1 million wallets created in 2014. In 2016, over 8 million consumer wallets had been created facilitating 60 million transactions in more than 120 countries, making it among the most popular wallet services in the world.
Bitcoin is a digital currency in which transactions can be performed without a credit card or principal bank and allows parties to exchange value. Blockchain allows those who may be excluded from banking systems to directly send and receive money using bitcoins. It can be used to store value or make purchases across the globe.
In 2016 Blockchain teamed with the payment startup company Coinify to beta test a new in-wallet purchase option. The feature will allow users to purchase bitcoin directly, the first time the company will offer such an option. They have also developed a search engine that allows users to quickly verify transactions using the currency’s public ledger, Bitcoin blockchain. There are over 20 currency conversion rates and 25 plus languages available. By downloading their iOS or Android applications a secure, digital wallet is accessible at any time.
The Blockchain headquarters is located in York, United Kingdom and they also operate out of an office in New York, NY. While most of their revenue comes from advertising, over $30 Million has been raised through investors FPV, Lightspeed Venture Partners, Mosaic Ventures, Prudence Holding, Virgin, and Wicklow Capital as well as Roger Ver, Sir Richard Branson, Rafael Corrales, and Amit Jhawar.
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