The latest funding round has just closed for $3 million, once again, fully subscribed, putting the company in a strong position to complete the market trials and launch the product in Australia and international markets. The first market trial kicks off in July in Tasmania with Bluechain partner bank MyState, with the launch planned sometime in 2017.

This has been made possible by Bluechain establishing solid go-to-market strategies and conducting real-world pilots, of which the MyState trial is the first. This is the first live trial involving real transactions on customer and merchant accounts. Customers will use a variety of Apple and Android phones to connect with the Bluechain merchant’s iPad.