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About BlockApps
BlockApps builds the enterprise blockchain platform STRATO, positioned as enterprise Ethereum: a permissioned architecture with PBFT-style consensus, nodes deployable on major clouds, X.509 certificates for on-chain identity, transaction data isolated by counterparty, a relational indexing layer so enterprises can query state with familiar SQL, and integration with existing identity systems. It targets the permission, privacy and integration requirements enterprises face when putting assets and processes on chain, which public networks rarely meet.
In recent years the focus has clearly shifted to real-world assets: the flagship application offers yield on tokenised deposits and collateralised borrowing, supports assets such as gold, allows loan-to-value up to 80% at roughly 6% annual yield without lockups, and settles on the permissioned chain. The strength is a concrete institutional and compliance story; the weakness is long adoption cycles, custom work per client, limited decentralisation by design, and redemption that ultimately depends on the issuer and custodian.
BlockApps traces its origins to early Ethereum development. In March 2014, Kieren James-Lubin joined the Ethereum project, and by September 2014, Jim Posen began building the Haskell client. This client became one of six mainnet-compatible clients at Ethereum's Frontier launch in July 2015.
In November 2015, BlockApps announced STRATO at DEVCON1 as the first Blockchain-as-a-Service (BaaS) offering, in collaboration with Microsoft, bringing blockchain nodes to Azure. The company spun out of ConsenSys in 2016 and became a founding member of the Enterprise Ethereum Alliance in February 2017.
A significant milestone came in September 2018 with the introduction of Virtual Private Blockchains (VPBs) on STRATO, enabling data and transaction privacy for enterprises and consortia—a long-term architectural contribution to permissioned blockchain design.
In 2024, BlockApps open-sourced the STRATO Mercata platform, releasing the core Haskell-based codebase built over nearly a decade. This move marked a strategic shift toward community-driven development, making the mature enterprise platform publicly available.
BlockApps announced a collaboration with Consensys on April 21, 2026, pairing Consensys Diligence's AI auditing agent Chonky with the STRATO codebase to deploy continuous, AI-powered smart contract auditing on the platform. STRATO Rewards Season 2 ran through Q2 2026, introducing a 2x points boost for holders of Book of Ethereum ($BOOE) across HardFi activities such as USDST minting, saveUSDST and the metastable liquidity pool.
Future strategy and roadmap: The long-term goal of BlockApps and Consensys Diligence is a continuously deepening AI audit loop that evolves with STRATO's codebase: Chonky will scan the repository on an ongoing basis, with each pass building persistent understanding of the platform's architecture, patterns and security history, so new code can be assessed for security impact and regressions caught at ship time. This human-guided model aims to close the coverage gap left by traditional point-in-time audits in a fast-iteration era, and is planned to extend gradually into STRATO's HardFi lending, stablecoin and real-world-asset scenarios.
Kieren James-Lubin — Co-founder & CEO; BA in Mathematics from Princeton; early Ethereum contributor who wrote its Haskell client; founded BlockApps in 2015.
Jim Hormuzdiar — Co-founder & CTO; has built the Ethereum Haskell client EthereumH since 2014.
Victor Wong — Co-founder & CPO; early Ethereum and ConsenSys contributor; founding board member of the Enterprise Ethereum Alliance.