ConsenSys is a venture production studio building decentralized applications and various developer and end-user tools for blockchain ecosystems, primarily focused on Ethereum. Its mission is to create simplified and automated decentralized applications (dApps) to facilitate peer-to-peer transactions and exchanges. The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and joint ventures. ConsenSys is also interested in the identification, development and acquisition of talent and projects. Blockchain technology and apps have the ability to decentralize power from existing authorities through the use of smart contracts, cryptocurrencies and asset ownership.