Real Ventures Invests in Toronto based AlphaBlock

PRESS RELEASE

AlphaBlock, a Toronto based General Artificial Intelligence (AI) company building investment management solutions for pension funds, family offices, hedge funds has received an undisclosed investment from Real Ventures which is a Canadian early-stage venture capital firm. AlphaBlock has a listed solution on Nasdaq and will be using the investment to enhance its product line for both bullish or bearish market scenarios for global markets. The company currently operates in India, Canada, U.S.A and Europe. 

AlphaBlock was launched in February 2018 by Mukul Pal. The serial entrepreneur has 20 years global capital market research background, a top FinTech recognition from MIT, academic ranking on the Social Science Research Network and an international speaker profile at Princeton University and University of Chicago, the centre of Modern Portfolio Theory innovation.

“We are excited to partner with Real as they understand how financial industry has an alpha problem, asset managers don’t deliver net of cost, the role of Alpha bots in managing risk better for global pension funds and how the required solution needs a convergence of blockchain, FinTech and AI” said Mukul Pal, Founder and CEO AlphaBlock. “We are committed to democratizing intelligence with new tech”.

AlphaBlock is building an ecosystem to boost the distribution of cross-domain intelligent algorithmic processes by offering them an innovative smart contract technology which is zero knowledge, low cost, secure and works across multiple domains like Cyber Security, Advertising, Telecom, Retail and other domains.

Website: www.alphablock.org
For further information: contact@alphablock.org

AI-Fintech-Blockchain

While the world seems to have a solution for every problem, an app for everything, one simple problem about bubbles and crisis bothers no one. How to make bubbles less bubbly and crisis less severe? How to build more stable economic systems? How to reduce risk in our day to day life? How not to let money destroy our cultural fabric? We are so busy counting our crypto and/or our fiat wealth, it does not bother us whether the wealth we count is here today or gone tomorrow. We write stories about how Google sentiment drives bitcoin prices or vice versa, unaware of the fact that a few decades ago we were wondering whether the sunspots used to lead the economic cycle or vice versa. The fragmented nature of our research and markets and focus on causality is the reason we are happy betting on alpha as alphabet rules the world and not focus on alphabots that could allow self destruction for the general good, as they generate alpha, solutions to meaningful predictive problems competing intensely lest they are overwhelmed by a competing better alphabot. A war of alphabots.

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