Angel round funding surpasses one million USD! Taiwan's BSOS receives strong support from the National Development Fund

Taiwan-based blockchain startup BSOS announced in early 2020 that it successfully completed its angel round of funding, raising over one million USD. The investment included 20 million TWD from the National Development Fund’s entrepreneurial angel investment program, setting a record for the highest single investment in a blockchain angel round by the fund. Founded in 2018, BSOS focuses on enterprise-level blockchain application technology development, dedicated to helping traditional companies adopt blockchain technology and explore new business opportunities.

Government Venture Capital Supports Blockchain, Angel Round Financing Sets New Trend

The National Development Fund’s investment in BSOS reflects the government’s emphasis on the blockchain industry. Compared to the attention given to cryptocurrencies in Taiwan, enterprise blockchain applications have long been considered a “blue ocean” market. Through support from entrepreneurial angel investment programs, the government aims to foster the development of local startups in this field. BSOS CEO Huang Chaoqiu stated that the fund’s investment not only affirms the company’s operational achievements but also creates a positive development environment for the domestic enterprise blockchain industry.

The completion of the angel round provides a solid foundation for BSOS’s subsequent product development and market expansion. With capital support, the company plans to accelerate technological iteration and expand collaborations with international partners.

Quorum Official Technical Ambassador, Demonstrating International Technical Strength

BSOS has established close technical cooperation with Quorum, one of the world’s top three enterprise blockchain standards (developed under JPMorgan Chase). As early as 2019, BSOS received the official Quorum Technical Ambassador certification in Taiwan, symbolizing its professional standing in blockchain technology.

Huang Chaoqiu pointed out that Quorum has always been an important strategic partner for BSOS. With the completion of funding, both parties plan to deepen cooperation in core technologies such as blockchain privacy protection, cross-chain interoperability, and microservices frameworks. Meanwhile, BSOS continues to promote exchanges between Taiwanese developers and the global blockchain ecosystem through interactions with Quorum and other international blockchain alliances like R3.

Low-Profile Deep Engagement in Financial Scenarios, Blockchain Applications Have Become Reality

Although BSOS has not promoted aggressively, it has accumulated rich practical experience in enterprise applications. The company is currently collaborating deeply with financial institutions such as Taipei Fubon Bank, Cathay Financial Holdings, and CAICT (Financial Information Service Co., Ltd.), as well as large corporations, to pilot integrating blockchain technology into real business scenarios and creating tangible commercial value.

These collaborations prove a key fact: blockchain is not an isolated technology. To realize its true value within mainstream business systems, it must be deeply integrated with existing IT infrastructure and business processes, while ensuring security, reliability, and scalability. BSOS’s core competitive advantage lies in transforming technology points into comprehensive business solutions. Huang Chaoqiu appreciates the open-minded attitude of these large financial institutions, which allows BSOS to gain valuable industry experience through practical cooperation.

Supply Chain Finance Becomes Main Battlefield, Blockchain Application Has Huge Potential

From global practice, fintech and insurtech remain the most direct and highly penetrated fields for blockchain applications, accounting for over 40% of global blockchain use cases. Among many subfields, supply chain finance is regarded as one of the scenarios with the greatest application value for blockchain technology.

BSOS has high hopes for this area, planning to leverage funds from the angel round to accelerate the launch of dedicated products and services for supply chain finance. These solutions aim to address trust issues regarding transaction data authenticity in supply chains, significantly reduce financing costs for enterprises, and help financial institutions conduct more refined risk assessments and management.

Enterprise Blockchain Enters Critical Period, Real Results Expected in 3-5 Years

As an emerging technology, blockchain is being explored worldwide for its vast potential. BSOS’s ability to secure support from the National Development Fund during its angel round reflects the government’s confidence in local blockchain startups. The fund not only provides a crucial supplement to early-stage financing markets but also opens fundraising channels for Taiwanese startups, giving them opportunities to seize development opportunities amid the global blockchain wave.

Huang Chaoqiu concluded that the maturity of the blockchain industry requires time and patience. The market often overestimates current technological progress while underestimating future business value. The next 3-5 years will be critical for the practical deployment of enterprise blockchain applications, and BSOS is preparing sufficient momentum through this angel round to support this journey.