ChromaWay

ChromaWay traces its origins to the development of Colored Coins, an early protocol that enabled for users to issue their own tokens on the Bitcoin blockchain. ChromaWay's co-founder Alex Mizrahi was a lead developer of the Colored Coins project, which laid the foundation for blockchain-based asset tokenization. Building on these concepts, ChromaWay was founded in 2014 by Henrik Hjelte, Alex Mizrahi, and Or Perelman with a focus on advancing blockchain technology beyond cryptocurrencies. One of its early initiatives was the development of a relational blockchain, designed to combine traditional database functionality with blockchain security and decentralization. In 2017, ChromaWay launched Postchain, which integrates blockchain features with traditional database management systems such as relational databases. In 2018, ChromaWay's Postchain technology was adopted by Taiwanese startup SnowBridge for use in digital identity and data integrity applications. In 2018, ChromaWay collaborated with Stockholm Green Digital Finance in a project described as seeking to utilize blockchain technology to enhance transparency and traceability in the green bond market. In 2019, ChromaWay acquired Antler Interactive, a Swedish game studio, to integrate blockchain into gaming. This acquisition led to the development of the game My Neighbor Alice in which all game logic and digital assets are stored on the blockchain, and where users have control over the game's development. In 2020, ChromaWay participated in blockchain-based land registry pilot projects implemented by the Inter-American Development Bank working with government agencies in Bolivia, Peru, and Paraguay. In 2023, ChromaWay acquired the Swedish-American fashion brand BLK DNM, citing potential synergies between blockchain technology and digital fashion. In 2024, ChromaWay joined the Amazon Web Services (AWS) Partner Network, allowing it to offer its blockchain technology through AWS Marketplace and integrated within AWS infrastructure. In 2024, the sports club VfB Stuttgart offered blockchain-based collectibles using technology developed by ChromaWay. == Technology ==

Postchain is ChromaWay's open-source database framework that integrates blockchain features while maintaining compatibility with existing relational database systems. It allows SQL developers to build blockchain applications without requiring specialized blockchain knowledge. Postchain is the basis for Chromia. Chromia is ChromaWay's blockchain platform designed to support decentralized applications. Chromia utilizes a relational blockchain model, designed for application development, differing from traditional blockchains like Ethereum. Chromia uses the cryptocurrency CHR for transaction fees, staking, and governance within the platform. == Financials ==

In 2018, ChromaWay secured US$15 million in funding through a private token sale to further develop its Chromia blockchain platform, then called Chromapolis, positioning it as a competitor to Ethereum. ChromaWay has also raised venture capital. In 2022, the company raised US$10 million from True Global Ventures and others to further develop Chromia and expand its operations. == Notable projects ==

Land registries and real estate As part of its global land registry initiatives, ChromaWay collaborated with Andhra Pradesh, marking one of the first government-backed experiments in blockchain land records. Blockchain gaming ChromaWay's subsidiary, Antler Interactive, has developed blockchain-based games, including: • My Neighbor Alice: A multiplayer online game where players can purchase virtual land and items as NFTs. The game's in-game currency, Alice, saw a significant price surge upon its launch on the Binance exchange. Sports fan engagement ChromaWay founded Fanzeal to develop digital collectible platforms for sports clubs. One notable implementation is with VfB Stuttgart, where blockchain-based collectibles are provided to enhance fan engagement. Sustainability In 2024, ChromaWay received support from the European Blockchain Services Infrastructure (EBSI) for its blockchain-based sustainability and traceability efforts. The company participated in a European Union pre-commercial procurement initiative with its decentralized applications for Digital Product Passport and intellectual property rights. Cap Table Management ChromaWay has supported the development of Kvanta (formerly Capchap), a blockchain-based system designed to create a verified, real-time log of share ownership and related events in private companies for transparency and regulatory compliance. Kvanta was founded by ChromaWay and Legal Works Nordic, and received an initial investment of 15 million SEK with additional support from Vinnova. Kvanta is also part of a reference group for the Swedish Companies Registration Office's "Proof of Business" project, contributing expertise on blockchain and distributed ledger technology. ==Notes==