mintBlue

mintBlue, founded in 2021 and headquartered in Amsterdam, operates as a Blockchain-as-a-Service (BaaS) provider, offering an infrastructure layer for businesses to integrate with the public blockchain. The company’s genesis can be traced to a project named Kyrt, created by CEO Niels van den Bergh for a hackathon in 2020. Van den Bergh, with a background working for tech corporations like Google, was driven by concerns over the data monopolies of Big Tech and sought a way for individuals and companies to retain data ownership. The founding team, including CIO Pieter den Dooven, connected through Twitter and recognized that a majority of blockchain projects required similar foundational solutions, leading to the evolution from a hackathon concept to the enterprise-focused mintBlue.

The firm provides a suite of tools, including a Software Development Kit (SDK) and APIs, that enable developers to build applications and manage data on the blockchain without needing deep expertise in the underlying infrastructure. mintBlue's business model is centered on making the public blockchain accessible for enterprises, similar to how payment gateways simplified online transactions. It serves a range of clients, from large enterprises and government organizations to startups, aiming to enhance data integrity, security, and traceability. Notable partnerships include working with VISMA | Yuki for blockchain-based bookkeeping and the Netherlands Tax Administration to streamline invoice exchanges. Revenue is generated by providing this infrastructure as a service, with pricing based on data usage, such as €0.01 per kilobyte for storage.

The core service revolves around decoupling data from private systems and moving it to a public, immutable ledger. This offers clients verifiable, tamper-proof records for applications such as e-invoicing, audit trails, and compliance with data regulations like CSRD. Key features include non-custodial data storage, ensuring clients retain full control of their information, real-time event listeners for tracking on-chain activity, and integrations with platforms like Zapier to automate workflows. By building on the BSV blockchain, the platform is designed for scalability, capable of handling high transaction volumes at low cost, which supports its use in high-volume, multi-party systems. On March 10, 2022, the company secured €2 million in a seed funding round led by Two Hop Ventures and Ayre Group to accelerate product development.

Keywords: Blockchain-as-a-Service, BaaS, data integrity, enterprise blockchain, public blockchain API, data ownership, auditable data, compliance solutions, non-custodial storage, immutable ledger, SDK, data traceability, e-invoicing, verifiable credentials, BSV blockchain, Niels van den Bergh, Pieter den Dooven, data governance, peer-to-peer data exchange, supply chain tracking, financial services audit, government data infrastructure, automated compliance