Stock prices have surged since the company launched its Zebra technology in December.
And now Redtail’s chief technology officer, Richard Wicks, says the company is on track to become the first blockchain-powered company to deliver its first product in 2019.
“We believe in the power of blockchain to make the world better, more efficient, more secure and more connected,” Wicks told CNBC.
“It’s about time we all started to take a chance on blockchain technology.”
But Wicks stressed that Zebra has its own set of risks, particularly as it seeks to scale its network.
Wicks said Redtail was currently working on a test blockchain in which users would have the option to “unblock” their transactions from the platform, rather than having to wait for the block chain to confirm a transaction.
He also noted that the company was still working on adding new features to its platform, including a feature called “fitness tracking,” that could help users see how they stack up against other people on the platform.
But while Wicks was optimistic about Redtail, the firm has raised some serious cash as of late.
Last month, Redtail raised a Series B round from Sequoia Capital, Sequoias own hedge fund.
Wirts said he expects the funding to help the company ramp up production and make its first products available in 2019, rather then in 2020.
Redtail is currently in a beta phase, and Wicks did not provide a timeline for when the company would launch its full platform.
In the meantime, Wicks is hoping that investors will start paying attention to the company’s future products and services.
“I would love to see the company be on the road to profitability by 2020,” he said.
“That would be a great milestone for Redtail.”