A new blockchain-type network led by a Turing Award recipient and other academics has sealed $35 million in funding from big-name investors that include Sequoia Capital. The funding was reported by Fortune’s crypto-focused news section The Ledger on Dec. 4.
Dr. Andrew Chi-Chih Yao, a Turing Award recipient who has earned the moniker of China’s “godfather of computer science,” is among those spearheading the Singapore-registered Conflux Foundation. The Turing Award is an annual $1 million prize given to a person that has exceeded in the field of computer science.