Chromaway

Chromaway

Blockchain
website linkedin address
  • FOUNDING YEAR: 2014
    LOCATION:
    Sweden
    REGION:
    Last Update:
    27 Jun, 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.
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
Viewable by subscribers only
KEY DIFFERENTIATORS
Viewable by subscribers only
PRIMARY CUSTOMER TYPE
Viewable by subscribers only
PRODUCT ATTRIBUTES
Viewable by subscribers only

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
Viewable by subscribers only
NUMBER OF CLIENTS OR PAYING CUSTOMERS:
Viewable by subscribers only

MOMENTUM


FUNDED:
YES
TOTAL FUNDING:
$260 K
SEED & PRIOR FUNDING:
$260 K
FUNDED:
YES
LISTED:
Viewable by subscribers only

FOR INVESTORS

LATEST RESEARCH


Innovation Programmes

The Open Vault
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Plug and Play Fintech
Plug and Play Fintech