Friends!
I’ve made a review on Chromaway, hope you find it helpful.
Type: Blockchain Service, offered via Postchain (a DB) and Esplix (WFE for Smart Contracts)
Overall: Very interesting and promising company, on the top 5 of my watchlist.
Chromaway provides solutions for transferring tangible assets, such as a real-estate property, on the BC, based on colored coins tech (BTC 2.0). They have a mature product, with partners and customers up and running (company established around 2014, but work has been ongoing since 2011). They have successfully piloted their solution digitalizing the full E2E process for selling a house. This is a cumbersome process with many handovers and physical documentation resulting in manual interventions and long lead-times.The pilot was conducted together with key stakeholders from the mortgage/real-estate industry in Sweden, covering banks, the authority for land-registry, real-estate agencies, etc. A lot of info is missing currently, as we are in early stages of a possible ICO (e.g. Token Economics missing). Hence, a full concluding review is not possible.
Team: Generally Very Strong.
I’ve talked to some of the team members. They seem legit, with a lot of relevant experience. The Management, IT and Business Developers, as well as Advisors, are impressive (Founder of LiteCoin, Charlie Lee, is one of the advisors). They have great business developers in Asia and the US. Together they all have the prerequisites and execution capacity needed for success.