Spruce Systems
Spruce Systems describe themselves as:
Digital name organization that reimagines advanced communications concerning businesses furthermore management. We encourage our consumers to build advanced digital ecosystems that decrease transaction expenses concerning market dealings and government assistance by incorporating real-world matters entirely into their workflows into a standards-based system.
Our outputs control records concerning an ecosystem’s players and assets, including certifications, permissions, audit records, and legal permissions, packaging them digitally so that all are tamper-proof, knowledge reducing, and identifiable inside an information number chain.
The package then is given personally and securely to perfectly permissioned participants. To promote transparency and interoperability, we will publish our core results as being public sources.
Spruce Systems are developing decentralized identification devices on Tezos, including DIDkit. They utilize Tezos as their core dependency. They also:
build public goods for the Tezos ecosystem towards enterprise-ready components around financial assets, government transparency, and other emerging use cases involving trusted information. We don’t have our blockchain, and we don’t have a token.
They also build Credible, the official decentralized-identity wallet of DID Method Tezos (DID: TZ).
Spruce Systems & Y Combinator
Spruce Systems have now approved within Y Combinator YC W21 Batch, Spruce Systems published in Hacker News on Y Combinator. Y Combinator is supposed to be the standard prestigious accelerator/incubator globally. It has nurtured the sources of many high-profile organizations, including Airbnb, Stripe, Dropbox, Coinbase, Zapier, Reddit, Twitch, Docker, and Gitlab, amongst others.
Living received into the Y Combinator business is no famous feat. Examining over 10,000 startups applies each step and is regarded as the most advanced stamp for new corporations and projects. Many see the Y Combinator program as:
A sort of “golden key” that opens doors you didn’t still understand survived.
With the balance into Y Combinator, Spruce Systems will receive seed funding to build their outputs. Y Combinator effectively matches an investor in the companies they accept into their accelerator program, and they have an incentive for those companies to succeed.
They usually accept companies into the program in two batches per year.
It is stated:
The YC application remains for three periods. While those three months, patrons compete in organization duty hours every two weeks, including battling with co-workers for office hours as often as required. We host a weekly talk at Y Combinator during the batch, where we invite an expert in some aspects of startups to speak.
Y Combinator works with the companies on their ideas and also helps founders deal with investors and acquirers, including making introductions on their behalf.
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