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Cloud computing platform Ultrain secures investment from NEO Global Capital

December 12, 2018 / cryptoninjas

Ultrain, the decentralized blockchain computing platform for large-scale business and industrial applications, has announced a strategic investment from NEO Global Capital (NGC), one of the world’s leading blockchain investment firms with over $400 million in assets, following previous investment from Arrington XRP Capital, Draper Dragon, and DHVC.As part of its multi-layer framework, Ultrain will use blockchain to achieve trustworthiness and reliability between IoT devices, while using edge computing to sustain interoperability. The platform will then use AI to drive trusted decision-making, which can then be called on and used by third parties in need of AI.