Mr . Giles , General Manager , Concamore Wind Investment Directors
Beida said the investment in the block chain was not opportunistic for Comcast VCs. He said:
Kang Custer has been focusing on block chain technology for the past few months. For a long time, Kang Custer and NBC around the world are interested in the application of block chain technology in the various business of the company.
In fact, Kang Custer has been working with Disney and Cox to carry out internal experiments around advanced advertising technology. In this area, block chain techniques are used to match data sets and avoid sharing user data. Other experiments, Beida said, are also involved in the areas of membership tracking and energy.
Earlier this month, Kang Custer announced the investment of MState Growth Lab. This is an accelerator project focused on Enterprise - level block chain start-ups. The other contributors to the project include IBM and Galvanize.
MState co-founder and CEO Rob
The 250 thousand dollars that the Kang Custer wind has invested in MState is only one of the fund's numerous attempts. The fund is studying the business potential of the block chain and the investment opportunities of the related venture companies.
In addition, Kang Custer has invested millions of dollars in a fund that focuses on block chain, while a YouNow invested by a company is planning ICO (currency financing).
Beida said Comcast is even discussing whether it needs to own tokens or encrypted currencies.
The Custer venture capital is currently investing in a number of areas, ranging from $500 thousand to $2 million. Beida said that through cooperation with its parent company, Kang, Custer, the fund tried to accelerate technological development and speed up the application of some block chains currently under development.
In particular, for Kang Custer's own business, the block chain technology around member tracking, identity and digital copyright management sounds attractive.
Other companies in the entertainment industry have also seen the value of the block chain. Last May, Spotify bought the block chain technology developer MediaChain to solve the music attribute.
Beida noted that the value of these applications has nothing to do with the current price of encrypted currencies on the market.
Comcast, however, is not going to be too aggressive in this area. Beida said: