Blockstream Corp. is a company at the forefront of Bitcoin development, and is renown for carrying out advanced product development in order for blockchains, the fundamental technology behind cryptocurrencies and bitcoins, to be used for a variety of industries and applications.
In October 2015, Blockstream announced the “sidechain” open platform technology in order to promote the development of services using blockchains. Sidechains are special because they are interoperable with blockchains that use bitcoins, while at the same time allowing technological innovation by being branched out from the parent chain. The company hopes to further develop use cases for its “sidechain” technology through partnerships with companies such as Digital Garage.