Suhas Daftuar co-founded Hudson River Trading LLC in 2002 and spent over a decade developing it into a global trading firm, work that included the policy debates around technology in financial markets.
In 2014 he co-founded Chaincode Labs with Alex Morcos. Chaincode's own account of the decision is specific about the intent: to create a place for engineers and scientists to support the development of decentralised digital currencies and to advance the collective understanding of how such technologies can work. That framing, research alongside engineering rather than a product roadmap, is still how the company describes itself.
Chaincode says its engineers develop, review, test and maintain the reference Bitcoin implementation, and lists among its team's work protocol proposals including cluster mempool, TRUC transactions and the consensus cleanup. The company remains privately funded and says it exists solely to support and develop Bitcoin.