Augmate, a B2B enterprise company specializing in wearable devices, has received a grant from BitcoinLatina to promote blockchain development in Latin America. BitcoinLatina provides blockchain solutions to scale Latin American consumer, enterprise, government, military, and university services and distributed applications. Its grant, which comes in the form of 1 million BCL crypto coins, will aid Augmate’s continued efforts to support infrastructure growth and entrepreneurship to develop the region as a global leader in blockchain innovation. These coins will be provided from BitcoinLatina Foundation’s venture arm BCL Ventures, with proceeds to be spent by Augmate on Latin American efforts over the next four years. Five percent of the coins will reportedly be given to Augmate on 1 March 2018 and the balance, by the second, over the next four years.'@Augmate recognizes the impact #blockchain technology can bring at the local, national, and international level.'Click To Tweet
“Augmate recognizes the impact blockchain technology can bring at the local, national, and international level,” explained Augmate CEO Pete Wassell. “We’re grateful for BitcoinLatina’s support, and look forward to continuing to promote entrepreneurial growth in Mexico and throughout Latin America.”
The rise of blockchain development has led to a global shortage of talent, and as may be expected, efforts are underway to bring together schools, businesses, and investors in Mexico to establish the groundwork for expanding hubs of qualified workers and thought leaders. Augmate and its partners plan to facilitate opportunities for a new technologically-savvy workforce to flourish throughout the Americas.'By growing the Latin America #Blockchain, our focus is to create jobs and prosperity while helping citizens learn about the benefits of this emerging technology.' @BitcoinLatina @augmate #altcoinClick To Tweet
“By growing the Latin America Blockchain, our focus is to create jobs and prosperity while helping citizens learn about the benefits of this emerging technology,” shared BitcoinLatina Founder & CEO and political consultant John Gotts. “We recognize Augmate as the obvious, clear leader in the IoT/blockchain space and laud Augmate’s efforts in this arena. We are honored to provide our continued support.”
Originally founded in 2014 in New York City as a B2B enterprise company specializing in wearable devices, Augmate was recognized as a Gartner Cool Vendor in 2017. Investors include William Hickey, UPS Ventures, Simon Property Group, Tim Draper, Siemens Venture Capital and Rothenberg Ventures. The B2B enterprise partnered with Maximilian Ventures earlier this year to promote blockchain and distributed ledger technology development in Mexico and throughout Latin America. The platform also said that its Augmate Connect Platform would be activated and utilized using tokens called MATEs (Machine Access Token Exchange) sometime soon.