Business Showcase : ChromaWay

By @SimonCocking

Describe the company – the elevator pitch …

ChromaWay was founded around the world’s first software for putting assets on the bitcoin blockchain, developed by its CTO in 2012. Since then ChromaWay has continued to pioneer blockchain development with one the first projects with a financial company, an award winning project for LHV Bank, as well as one of the first projects with a state entity, a collaborative project regarding processes in real-estate with the Swedish Land Registry, SBAB Bank, Landshypotek Bank, Telia Company and Kairos Future.

How are you different?

ChromaWay is always looking for ways to develop and share knowledge about blockchain and explore its capabilities, focusing on pragmatic and functional solutions. We believe that Postchain is a fantastic opportunity for businesses to create new kinds of collaborations, and to redefine the business processes that underpin operations in a huge variety of sectors.

Why will the company/product do well?

The world is waking up to the potential of blockchain, but most organisations are not equipped to take advantage of it. ChromaWay has just released Postchain which provides the tools to create blockchain solutions using existing, powerful enterprise tools. This makes blockchain solutions easier to implement, more powerful, and more versatile.

Where are you based?

Our offices are based in Stockholm, Ukraine and Israel.

When was the company launched?

The company was launched in 2014, around the creation of colored coins by our CTO Alex Mizrahi.

What have been your biggest wins to date?

Our advanced pilot with the Swedish Land Registry is a milestone, not only in terms of blockchain technology, but because it is one of the first cases in which a government has invested meaningfully in blockchain technology. Another of the most significant achievements of ChromaWay to date is the launch of Postchain, the first consortium database. Postchain is the easiest way to store data and be on the blockchain, using the best features of databases and blockchain.

What type of people (market segment) are you trying to attract to your product?

Postchain is developed for a broad range of companies, varying from banks, enterprises  to insurance companies. The flexibility of Postchain permits its implementation in many sectors.

Tell us about your team?

ChromaWay’s team is dedicated which includes a group of engineers , communication and business developers that aim to supply companies with innovative blockchain solutions.

What are your long term plans for your product/company?

ChromaWay’s objective is to become the infrastructure behind every blockchain application, by providing enterprise-grade solutions that are adapted to the world we live in.

How do people get in touch with you?

Customers or interested can contact us via mail at: info@chromaway.com or via our website www.chromaway.com .

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking