building the relational blockchain for enterprises · blockchain-based technologies increased...
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October 2019
Building the Relational Blockchain for Enterprises
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Experienced Executive Leadership
ChromaWay Has Built a Strong Foundation
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Expanding Technical and Business Teams
▪ 50+ employees▪ 60% Engineers▪ 40% Business and Marketing▪ Key consulting partners including Tech
Mahindra, Evry, Intellectsoft,
Strong Geographical Footprint
▪ HQ in Stockholm, Sweden▪ Development Center in Kiev, Ukraine▪ Subsidiaries in China, Sydney, Tel-
Aviv, and Washington, DC
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We are Builders and Innovators in the Industry
In 2012, Alex Mizrahi of ChromaWay creates the first system to create tokens, and transfer financial assets via blockchain (Colored Coins)
In 2016, ChromaWay created Postchain, the first blockchain combined with relational database technology.
In 2018 ChromaWay launches Chromia, a public blockchain for decentralized applications.
In 2018, ChromaWay released a preview ofRell, the first relationalblockchain language
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The main operational challenges limiting mainstream enterprise blockchain adoption?
- Poor understanding of the technology- Reluctant of changing established process- Shortage of skilled blockchain engineers / developers- Lack of user-friendly easy of use
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ChromaWay solves the need to change established processes and integration to
legacy systems
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Benefits of Utilizing Chromaways Blockchain-based Technologies
▪ Increased security, resilience, and redundancy of data in the land registry contracts, proven history of origin/provenance and ownership.
▪ Ability to track signed transactions based on public key cryptography
Based on our experience, we have identified the following benefits of deploying our relational blockchain, postchain and or chromia:
▪ More transparent, lower costs conveyance transactions utilizing distributed ledger technology leading to a more liquid and valued market.
▪ Significantly improved conveyance document handling leading to faster post-closing settlement.
▪ Ability to store, search, and view records in multiple, secured and synchronized nodes leverage relational database blockchain nodes.
▪ Reduction in fraud attributable to more secure processes.▪ Ability for the registry to develop new data-based products
and lower costs methods of distribution with the public and data vendors
▪ Secure▪ Fast▪ Easy to integrate with existing system
Postchain:Custom Developed Blockchain protocol which combines RDMBS and blockchains
◎ GNU General Public License ◎ BFT, minimum four nodes◎ Deep SQL database integration ◎ Blockchain stored in database◎ Encrypted in transit◎ Native tokens
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Supporting green investment with blockchain technology
Green Assets Wallet production
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Green bond issuanceBarriers Opportunities
For issuers- Administration
- Increased costs
For investors- Time consuming
- Trust in issuers needed
For the market- Avoided green issuance- Developed market bias
For issuers+ Automatisation+ Lower costs
For investors+ Efficient aggregation+ Accessible and trusted information
For the market+ Increased volume and diversity+ Increased capital to green investments
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Yes ID blockchain project - in productionIn collaboration with Anue and Snowbridge the YES ID blockchain project was born.
Problem- in traditional digital ID system , a central root certificate authority is used to secure the issuing process, all partners rely on that central party as the source of trust in the system, a blockchain allows that role to be replaced by a consortium of certificate authorities , decreasing costs and increasing openneess without decreasing security
Yes ID uses blockchain to create an inclusive and collaborative digital identity identification ecosystem. YesID stores personal information only on the client device using the blockchain it’s authenticity using hashes. When the user logs in to the digital service - the blockchain will verify the data on the user’s mobile phone and the enterprise server in both directions, effectively preventing phishing and protecting data security.
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Colombian Blockchain Business Registry
• ChromaWay is partnering with the consortium of Chambers including Barranquilla, Cali, and Medellin.
• Postchain enables the Chambers, government agencies, and private enterprises to share data to reduce the time and cost of registering a new business.
• The pilot solution leveraged smart contracts and streamlining the processing of registrations.
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USAF : Multi-Trust Domain Applications• US Air Force selected ChromaWay through its
AFWERX Innovation Challenge.• Developed a blockchain-based messaging
forum and battlefield simulation used for coordinating international disaster relief.
• USAF attracted to extensibility of Postchain as an infrastructure to build distributed applications to support land, sea, air, and space data sharing.
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Sweden : Property Transactions using Smart Contracts
▪ Partners included Land Registry, Telia, SBAB Bank, Landshypotek Bank
▪ Technology Esplix (Smart Contract) and Postchain (Consortium Database)
▪ Focus on establishing an industry utility of eConveyancing using smart contracts/secured workflow
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We are Building a Global Brand
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Digital Technologies Alone won't disrupt existing operating models
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• Only 17% of Global Enterprises are working with digitalisation within the provenance & supply chain.
• 8 most important tech which can't be ignored and will be meshed together.• Deep Tech digitalising with AI, IoT , VR Advanced Analytichs, Robotic Process
Atomation, Autonomous Thingsand Blockchain/DLT .
• Why not R3 and Banking ? Pharma Companies has most use cases and attention atm and Managing Track & Trace in regulated Environments = Pharma, reg tech & legal tech is where it will go mains stream first.
• Gartner believe not mainstream before 2023.• My Vision The prefered sustainable choice .
Summary
Thank you for listening & for more Information:
Email : [email protected]@chromaway.com
StockholmKiev Tel-AvivWashington, DC
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