Enterprise blockchain company Nuco announced Aion has raised an initial $22 million USD to build the first interoperable blockchain network.
The company also shared that Moog Inc., a Fortune 1000 company specializing in building parts for the aerospace and defense industries, will integrate Aion. Moog initially turned to Nuco to develop a native blockchain platform to onboard the entire manufacturing documentation to a network shared by multiple stakeholders. By integrating Aion, Moog’s blockchain platform will soon be able to interoperate and share data with other major blockchains in industries ranging from banking to auditing and insurance.
The blockchain landscape is like the railroad system of the 1850’s, when there were multiple switching networks. At some point there had to be a consolidation of gauges so that railroads could use each other’s tracks to reach more customers. That same phenomenon exists today in blockchain. There’s going to need to be a hub. For us, Aion is that hub,” said James Regenor, Director of Transformative Technologies at Moog. “Aion will allow us to move data between the multiple blockchains that could be present in our supply chain. We think this is a very important step, and we’re glad to be participating in it.
Aion started its token pre-sale on October 3, raising over $7.2 million in just under one week. The Aion project has now secured $22 million to connect compatible blockchains operated independently to allow the instant, global transfer and recording of data and value.
Aion has also added Eric Wetlaufer as an advisor to the project. Eric is the Head of Global Capital Markets at CPPIB, and sits on the Board of Directors of the Toronto Stock Exchange. He joins Salim Ismail, Steven Nerayoff, Anthony Di Iorio, and other notable leaders in the blockchain industry as Aion’s advisors.