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Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator

Blockchain IoT identity solution Spherity joins European Blockrocket Accelerator

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Blockrocket (European Blockchain Labs), an accelerator for startups utilizing blockchain and DLT technologies, announced that Spherity, a blockchain agnostic identity management solution ? has joined the accelerator. Blockrocket’s cohort is open to blockchain startups from every industry, whether they are transforming the mobility sector or disrupting the financial system.

Spherity will run through a 6-month program that supports its development while further validating and growing business cases. The program has three key phases:

Problem/Solution/Market
Validation & Traction
Story & Fundraising

The Blockrocket Accelerator team will provide Spherity with workshops, mentoring and networking links to build and scale. Over six months, Spherity will work with mentors and a broad advisor network to hone its value proposition, further test assumptions with customers, and prepare for the next phase of investment and growth.

Partners of the Blockrocket Accelerator include Zulkhe, Maker, innogy Innovation Hub, High Tech Grunderfonds, Avaloq, Frankfurt School Blockchain Center and many more.

Spherity is building decentralized identity management solutions to power Industry 4.0, bringing secure identities to enterprises, machines/IoT-devices, data, and algorithms. The client focus is primarily on technical industries like pharmaceuticals, supply chains, and mobility. In particular, Spherity is supporting the introduction of identity solutions in the Industrial Internet of Things (IIoT) market, which is expected to have a value of over €400 billion by 2030 and 75 billion connected devices by 2025.