ChromaWay

Founded in 2014 by Or Perelman, Alex Mizrahi, and Henrik Hjelte, ChromaWay is a blockchain technology company headquartered in Stockholm, Sweden. The company has established itself as a significant player in the enterprise blockchain sector, focusing on the real estate and finance industries. Perelman's background in law and economics, combined with Mizrahi's expertise as a pioneer in the Bitcoin space and colored coins protocol, and Hjelte's experience in finance and economics, created a foundation to explore blockchain's applications beyond cryptocurrencies. Their journey began with an early recognition of blockchain's potential for asset management and smart contracts.

ChromaWay's core business revolves around providing a platform for smart contracts and the tokenization of assets. The company developed Postchain, a private blockchain or consortium database that integrates the security of a blockchain with the performance of a traditional database. This technology is central to their relational blockchain platform, Chromia, which is designed for building decentralized applications (dapps). Chromia aims to combine the flexibility of relational databases with the secure, decentralized nature of blockchain, addressing common industry challenges like data handling, fees, and scalability. The business model appears to be a combination of enterprise solutions, platform-as-a-service for dapps, and potentially revenue from its native utility token, CHR, which is used for hosting fees, staking, and other ecosystem activities on the Chromia platform.

The company's offerings are targeted at large enterprises, government bodies, and developers. A notable achievement includes a collaboration with the Swedish Land Registry (Lantmäteriet) to explore using blockchain for property transactions, demonstrating a key use case for their technology in the public sector. Another significant project is the LAC PropertyChain, a partnership with the Inter-American Development Bank to facilitate secure land registration and titling in Latin American and Caribbean countries like Bolivia, Peru, and Paraguay. Furthermore, ChromaWay has ventured into the gaming world with titles like "My Neighbor Alice," a blockchain-based multiplayer builder game that leverages non-fungible tokens (NFTs) for in-game assets, and "Mines of Dalarnia," an action-adventure game. These initiatives showcase the platform's versatility, extending from governmental and financial infrastructure to the consumer-facing digital entertainment market.

Keywords: blockchain platform, relational blockchain, enterprise solutions, smart contracts, asset tokenization, decentralized applications, real estate technology, land registry, Chromia, Postchain