ANDIA

ANDIA, founded in 2017 by Jose Alberto Garcia and Angel Diaz, began as a company focused on providing access management solutions for biometrics through blockchain technology. The firm's core protocol was designed to transform Proof of Identity into encrypted hashes, utilizing distributed storage to secure sensitive information against attacks. Its platform was developed as a decentralized, plug-and-play system to facilitate compliance and regulatory mandates, particularly for retail enterprises, by using distributed ledgers to ensure safe, secure, and transparent transactions.

The company's initial mission centered on offering a blockchain layer for the storage, access control, and integrity of biometrics and other sensitive data. One of its primary applications was a compliance system designed for financial transactions within the cannabis industry, aiming to create an open market ecosystem that was both government-compliant and customer-focused. This approach enabled users to conduct encrypted and transparent transactions securely.

ANDIA participated in accelerator programs and secured seed funding to develop its platform. In February 2018, the company received $30K from an accelerator/incubator program. This was followed by a seed funding round in 2018 with an undisclosed amount from CanopyBoulder. A subsequent seed round on June 10, 2019, raised $120K, led by Western Union, bringing the total funding to $120K across two rounds. Techstars also acted as an institutional investor. Despite these efforts, the company ceased operations and is now considered out of business, with its status changing on July 24, 2021.

Keywords: access management, biometrics, blockchain, distributed ledger technology, compliance solutions, regulatory mandates, encrypted transactions, secure storage, identity proof, decentralized platform, retail enterprise solutions, cannabis industry compliance, financial transactions, Techstars, CanopyBoulder, Western Union, seed funding, deadpooled, out of business