Appia Inc., a leader in blockchain-based services, has just announced the successful closing of its acquisition of the PCH Project. The goal of the acquisition was to integrate the technology and expertise of PCH into Appia’s existing platform and enhance its service portfolio.
The PCH Project is a distributed ledger-oriented platform offering specialized real time data transfer capabilities. It allows for the secure sharing and storage of data across multiple industry verticals, such as healthcare, finance, and supply chain.
The transaction was sealed after months of due diligence led by both company’s respective teams, and Appia will begin the integration of PCH’s technology into its platform immediately. With this acquisition, Appia’s offering is expected to become one of the most robust offerings in the blockchain industry.
As a result of the acquisition, Appia now has access to PCH’s cutting-edge software, which includes its Streamlapse Protocol, a highly reliable decentralized ledger for data transfer and storage, and its HyperCube, a piece of software that allows for the secure, low-latency communication between applications. These technologies are expected to greatly enhance Appia’s service capabilities.
Appia’s CEO, Roman Iablonskiy, had this to say about the acquisition: “We are extremely pleased to have completed the acquisition of PCH and be able to offer its unique technology to the global market. We are confident that the combination of Appia’s existing platform with the innovations in blockchain that we have acquired will help us to scale our offering to a new level.”
Appia’s acquisition of PCH is a milestone in the blockchain industry, as it further affirms Appia’s commitment to providing some of the most advanced services in the industry. With this acquisition, Appia is now well-poised to become one of the leading players in the field of blockchain-based services.