Blockchains, Inc., a Nevada-based blockchain technology company, today announced the acquisition of evan GmbH. The transaction entails the complete sale of bm‑t’s shares. bm‑t supported evan´s growth since its early stage investment in 2019.
evan GmbH, a bm‑t Investee-Partner with offices in Dresden, Eisenach and Stuttgart, has been acquired by Blockchains, Inc. The US technology company conceptualizes, develops, and incubates blockchain-powered ideas. The company owns more than 67,000 acres in northern Nevada that it intends to use as a real-world sandbox for showcasing blockchain and other innovative technologies. Blockchains is now integrating evan GmbH, a company that specializes in developing blockchain-based solutions for greater data sovereignty in the digital economy.
“Developing a trust infrastructure based on digital identity is key for cooperation on the blockchain. Enabling parties to transfer trust from the real world to the digital world is what led us to Blockchains,” said Thomas Müller, evan’s co-founder and CEO. “Digital identity is in Blockchains’ DNA. We are very excited to be joining the Blockchains family and working with like-minded innovators and visionary developers to empower individuals and businesses.”
In 2018, the founders of evan GmbH set out to jump-start the movement to Web 3.0 by developing decentralized identifiers for businesses to interact directly with each other without an intermediary, by leveraging automation and a trust and trace-based methodology. Evan’s core technologies have significant implications for Blockchains’ suite of solutions currently in development. The companies plan to integrate evan’s solution stack with Blockchains’ digital platform to empower individuals by allowing them to control their personal information and assets.
“The value that evan brings to Blockchains is not only in the tremendously talented people who built a technology portfolio based on a much-needed trust infrastructure but also a deep understanding for developing decentralized solutions with global interoperability standards in mind,” said Lee Weiss, executive vice president, Blockchains. “Whether for companies to be able to work together and with us in our blockchain-based smart city in Nevada, or for us to be able to partner with a wide scale of enablers for our digital ecosystem, interoperability is key.” Together, evan and Blockchains are writing a new chapter in the evolution of the web by breaking dependencies on central platform providers and giving individuals back their autonomy in the digital space.
Since January 2019, bm‑t has actively supported the company’s development together with co-investors TGFS Technologiegründerfonds Sachsen, LINDIG Invest GmbH and a business angel. evan had grown significantly within a very short time and was named “Cool Vendor in Blockchain Business in 2020” by Gartner last year. Sebastian Knedlik, Senior Investment Manager at bm‑t: “We are delighted about the successful exit! We thank the entire evan team for the great dynamics in building the company and the good cooperation and wish them much success for the future growth as a member of the Blockchains family.”
About bm‑t beteiligungsmanagement thüringen gmbh (bm|t)
bm|t is the first address for investments in Thuringia, Germany. bm|t currently manages ten funds with a total volume of over EUR 440 million and invests in innovative companies in nearly all sectors and in all phases of company development.
About evan GmbH
Founded 2018 by the IT experts Thomas Müller (CEO) und Thomas Herbst (CTO), the software company offers solutions that enable companies to collaborate efficiently, sustainably, and securely with their partners in the digital space. At the ’company’s locations in Dresden, Eisenach, and Stuttgart, the evan team is shaping the future of the digital market economy based on decentralized technologies — thus ensuring more transparency and trust in digital business relationships. Evan’s customers come from a variety of industries, including textiles, mobility, FMCG, construction machinery rental, logistics, and healthcare.
About Blockchains, Inc.
Blockchains conceptualizes, develops, and incubates blockchain-powered ideas. The company owns more than 67,000 acres in northern Nevada that it intends to use as a real-world sandbox for showcasing blockchain and other innovative technologies. Blockchains is committed to protecting and empowering individuals through the development of applications and ecosystems set to change the way people interact with technology, infrastructure, and each other. Blockchains’ software solutions presently in development focus on preparing the world for the next phase of the internet’s evolution, with an emphasis on digital identity management, digital asset management, and blockchain connectivity for IoT devices.