Our story

ChromaWay is a blockchain technology company.

Since 2014, we have been developing and refining industry-defining blockchain technology platforms.

Blockchain pioneers

We created the first protocol for issuing tokens on the Bitcoin network. We used it to issue fiat currency together with LHV bank in 2014, and then to crowdfund startups on the Funderbeam platform.

We designed a blockchain agnostic client-side validated smart contracting platform that put privacy first before privacy became a hot topic in blockchain. We have used it to support internal leasing in large organisations, issue financial instruments, and to allow government agencies to issue licenses digitally. In 2018 we used it to demo a live property sale together with the Swedish Land Registry.

Technology by us

We are the creators of relational blockchain, a new blockchain architecture which combines the power and flexibility of a relational database and the fault tolerant decentralised security of a blockchain.

We built Postchain, a private blockchain or consortium database using the relational blockchain architecture. Postchain has registered property on three continents, accelerated the growth of green finance, and formed the basis for a proposed national e-currency.

Relational blockchain also powers Chromia, our public platform for decentralized applications. Relational blockchain allows Chromia to offer a user and developer experience which no other blockchain platform can match.  

The founding story

ChromaWay was founded in 2014 to commercialize Colored Coins, the open source project founded and led by ChromaWay CTO Alex Mizrahi. Colored Coins was the first viable way to issue arbitrary digital assets, "tokens", on the Bitcoin blockchain. This was arguably the start of "blockchain 2.0", uses for blockchain beyond cryptocurrencies.

Alex founded ChromaWay together with Or Perelman (COO), Iddo Bentov, and Henrik Hjelte (CEO). Since then ChromaWay has been a pioneer in the blockchain industry. Colored coins was used to issue Euros for LHV bank, and shares for crowdfunding startups with Funderbeam. ChromaWay's relational blockchain Postchain was developed to index Colored Coins, but turned out to be perfect for enterprise private blockchains. Postchain has been used by blue chip companies, government agencies, and groundbreaking applications within green finance.

Our head office in Stockholm is situated in one of the most emblematic buildings of the city, the Central Station.