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Backfeed is blockchain development company making a distributed governance system for decentralized blockchain applications that is headquartered in Tel Aviv, Israel and was founded in 2015 by Matan Field, Primavera De Filippi, and Tal Serphos. The Backfeed blockchain uses a Proof of Value (PoV) algorithm to provide a way for peers to reach a consensus about the value of contributions within the network and reward each contribution accordingly.The Backfeed blockchain protocol can support the development of several decentralized blockchain services for use in decentralized journalism, insurance, ride-sharing applications, or any organizations requiring the coordination of large groups of individuals.