Bloq, the blockchain studio led by Jeff Garzik, has acquired Skry, a pioneer in blockchain analytics, to enhance its suite of analysis tools. The move will maximise the value of blockchain data sets through artificial intelligence and machine learning, said a statement. The transaction, which closed on February 24, is Bloq's first acquisition and includes all of Skry's intellectual property and team. Jeff Garzik, CEO and co-founder of Bloq, said: "Blockchain networks need more than a rudimentary finder or explorer. We're ensuring that enterprises won't have to'fly blind' without a complete understanding of the performance, economics and irregularities of their underlying networks."

Bloq, a provider of blockchain technology solutions for global enterprises, announced that it has acquired Skry (formerly Coinalytics), a pioneer in blockchain analytics, to accelerate the development of its analytics capabilities and open the door for Artificial Intelligence (AI) on its platform. With the acquisition, Bloq wants to enhance its suite of analysis tools and position itself to maximize the value of blockchain data sets through AI and machine learning. The Chicago-based company focuses on solving key business issues surrounding security, provenance, authentication and reconciliation. The new acquisition, whose detailed terms haven't been disclosed, includes Skry's intellectual property and team, which seems a perfect fit for Bloq's focus on empowering better visibility and decision-making in a multi-blockchain, multi-network world. "Financial institutions will need a full suite of tools to take blockchain [technology]'s role from high-tech database to business-driver," Bloq's Co-Founder and Chairman Matthew Roszak explained to Bitcoin Magazine.

A blockchain intelligence vendor focused on combining the technology used to record and verify transactions with big data and artificial intelligence has attracted a pair of top technologist to serve in senior positions. Skry Inc., formerly Coinalytics, unveiled a name change this week along with the addition of new CTO and chief data scientist. The block chain analytics and intelligence firm based in Silicon Valley said Akash Singh, former CTO for data science at Chinese telecommunications giant Huawei (SHE: 002502) will serve as Skry's CTO. Singh also worked at IBM (NYSE: IBM), contributing to the development of its Watson cognitive computing platform. Also joining Skry is artificial intelligence researcher Masoud Nikravesh, former director of computational science and engineering at the University of California at Berkeley's Center for Information Technology Research in the Interest of Society.