Singapore-based blockchain company Perlin has acquired San Francisco-based blockchain startup Dispatch Labs last week. The startup had been struggling with losses despite extensive investment and a recovering cryptocurrency market, so it is expected to benefit from this partnership, which will focus on value chain traceability.
The acquisition included Dispatch Labs' talent and provisional and non-provisional US patents. In the Cryptocurrency sector, the startup has a pending patent application directed to a blockchain-supported programmable information management and data distribution system for dApp development, of which the inventor is the company's CTO. Perlin has strong ties to the International Chamber of Commerce (ICC), and its acquisition of Dispatch Labs and its IP positions the company closer to the US blockchain industry.
