The quick read
IBM and Comcast Ventures have agreed to back blockhain accelerator Mstate with services (IBM) and funding (Comcast Ventures). Comcast Ventures is Comcast’s venture capital arm. (Bloomberg) Galvanize’s venture fund and venture capital fund Boldstart Ventures are also backing Mstate. (Business Insider)
Key detail
The startup accelerator … plans to invest $25,000 to $50,000 apiece in five or six companies over the next six months. (Bloomberg)
Bottom line
Mstate is a chance for IBM and Comcast to identify blockchain technologies and companies much earlier in their development process than either company can right now.
Indeed. We linked to that in this story too.