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DigitalTown gets $2.4 million investment to help integrate blockchain into smart cities

May 24, 2018 / iottechnews

Venture capital firm Pithia has announced a $2.4 million investment in smart city technology firm DigitalTown to “accelerate the development of the DigitalTown technology integrating self-sovereign identity for thriving local economies as a core design principle.”DigitalTown has been recorded as the first public company to fully adopt blockchain, particularly the third-generation blockchain RChain.  The company is entering into a partnership with lifeID, a Pithia portfolio firm, to reinforce its identity management platform development. Both the parties are now working hand-in-hand to offer self-sovereign identity capability at zero-charge to all everyone on the globe.