Gospel builds a private, permissioned blockchain intended to create immutable audit trails and automate record-keeping for complex manufacturing and supply-chain processes. The company says it securely distributes data across decentralised infrastructures and shares only the information needed with partners in a supply chain to improve efficiency and lower costs of information recall. Its platform requires users to set up a network of nodes within their ecosystem; each party controls its own node and all nodes must agree before any transaction is processed, providing consensus and a mechanism of trust. Gospel has been working with an unnamed "aerospace and defence manufacturer" on a proof of concept to improve record keeping for its supply chain. Founded in December 2016 by Ian Smith, the company was previously backed by angel investors including Gumtree co-founder Michael Pennington and Vivek Kundra. Gospel recently raised £1.4m in seed funding led by European-focused investor LocalGlobe.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jun 2018