Chromaway

blockchain

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621 VISITORS | 1008 VIEWS

FOUNDING YEAR: 2014

LOCATION:

Sweden

REGION:

Last Update:
18 Oct, 2019

Description

ChromaWay offers blockchain as a platform for financial institutions and is working on a smart contract platform that allows for digitizing and representing workflows in a secure, private and efficient way. The platform built for colored coins which are currently being used for many real world transactions on the Bitcoin network.

FOCUS

PRODUCTS & SERVICES:

Chromawallet for trading of coloured coins

MAIN CLIENTS:

Landshypotek Bank, SBAB, Andhra Pradesh Government, Telia, Lantmateriet, LHV, Funderbeam

EXISTING PARTNERSHIPS:

The company has partnered with Funderbeam, LHV Bank.

PRODUCTS & SERVICES:

ChromaWay developed a unique smart contracts to streamline business process workflows and private blockchain products to enable different kind of use-cases to be built on top, while the first use-case of ChromaWay's focus is real-estate and mortgage transactions, we also see demand for other use-cases as well in different sectors.

REVENUE MODEL:

Viewable by subscribers only

TOP PROBLEM SOLVED:

ChromaWay developed a unique smart contract product which automates and streamlines business process workflows. Today's problems in workflow products are that normal workflow products only digitize one process within one organization. We bring trust to workflows so organizations and institutions will be able to share the process between them without the need to trust each other making the process much more streamlined, much more secured and much more automated and transparent. For example take a look at the closure process in a mortgage transaction, a complex process between a couple of actors which is usually very complex and entitled to lots of fraud, by the use of our product we can eliminate fraud, streamline the process and increase transparency. So we don't only record the asset on the blockchain, we are recording the entire process.

PRODUCT DEVELOPMENT STAGE

MVP

PRODUCT DEVELOPMENT COMMENT

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KEY DIFFERENTIATORS

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PRIMARY CUSTOMER TYPE

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PRODUCT ATTRIBUTES

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PEOPLE

FOUNDERS:

Henrik Hjelte, Or Perelman, Alex Mizrahi

Board Members and Advisors:

Henrik Hjelte, Alex Mizrahi, Or Perelman, Iddo Bentov

NUMBER OF EMPLOYEES:

1-10

INVESTORS:

Petter Lindström, Vitaly Rubstein, Rain Lõhmus, RubyLight, Plug and Play FinTech, Vinnova

KEY EMPLOYEES:

Henrik Hjelte(CEO); Alex Mizrahi(CTO); Or Perelman(COO)

FOUNDERS:

Henrik Hjelte, Alex Mizrahi, Or Perelman

NUMBER OF EMPLOYEES:

1-10

KEY EMPLOYEES:

CEO: Henrik Hjelte

CTO: Alex Mizrahi

COO: Or Perelman

CRO: Ludvig Oberg

TRACTION

Insufficient information for accurate analysis

ANNUAL REVENUE:

$100k - $499 in 2017

TRANSACTIONS VALUE:

TRANSACTIONS COMMENT:

All our customers are paid customers.

ACTIVE USERS/ACCOUNTS:

8 paying clients

ACTIVE USERS COMMENT:

Customers from Europe and Asia.

LIVE USERS/TRANSACTIONS:

Viewable by subscribers only

How will you grow the number of users/accounts/transactions?

Network effect, direct sales, channel partners.

CHANNEL STATUS

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NUMBER OF CLIENTS OR PAYING CUSTOMERS:

Viewable by subscribers only

MOMENTUM

FUNDED:

YES

TOTAL FUNDING:

$260 K

SEED & PRIOR FUNDING:

$260 K

LISTED:

FUNDED:

YES

LISTED:

Viewable by subscribers only

FOR INVESTORS

MOST VIEWED RESEARCH

1 banks blockchain opportunities %281%29

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Chromaway

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