Trustatom, Inc. Raises Funding to Commercialize the Trust Mechanics of Bitcoin
Bitcoin has not only transformed our understanding of money and payments. It has also enabled cheap and efficient trust in a fast, globally interconnected world. Trustatom is strategically capitalizing on this understanding.
The internet has provided a great way for parties to transact efficiently, prompting truly fascinating use cases, but the remaining key challenge is the need for mutual trust. To address this, Trustatom brings the trust mechanics that made Bitcoin possible into the mainstream.
The company has raised initial early seed funding from a few angel investors, including Brian Cartmell and Vinny Lingham. The funds will further strengthen the Trustatom team and support the launch of CredyCo, a due diligence SaaS.
As Vinny Lingham puts it, "Bitcoin has not only transformed our understanding of money and payments. It has also enabled cheap and efficient trust in a fast, globally interconnected world. Trustatom is strategically capitalizing on this understanding."
Founded in 2014, followed by the launch of its original product, Trustatom was able to get some strategic insights on enabling the mass adoption for these new technologies.
At the core of company's proprietary technology stack lies Trustatom ID, a mobile privacy-respecting identity and credentials application. Seamlessly integrated with other APIs Trustatom provides, Trustatom ID helps businesses to reliably identify and verify their customers, as well as improve the security of their customers by using cryptographic signatures for authorizations.
As a part of their market strategy, the company is launching its first end-user product, CredyCo, over the course of Q1 and Q2 2015. CredyCo is a SaaS for automating document-based investment due diligence processes.
Powered by Trustatom's technology, CredyCo significantly reduces the complexity of the manual due diligence process through the use of timestamped and mathematically irrefutable, signed statements on KPIs (Key Performance Indicators), reports, milestones and other information. A company seeking funding can use CredyCo to document its progress. For example, it can securely record its financial and growth metrics, providing an efficient way for investors to gauge company's credibility. This helps both investors and companies shorten the closure time and increase the number of successful deals.
To learn more about Trustatom, Inc. and its offerings, or to sign up, please visit https://trustatom.com/
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Trustatom, a Canadian company that provides blockchain-powered smart contracts, has raised early seed funding from a group of angel investors. The company is preparing to launch an investment due diligence SaaS, called CredyCo, powered by its proprietary technology stack and the blockchain. The internet has provided a great way for parties to transact efficiently, prompting truly fascinating use cases, but the remaining key challenge is the need for mutual trust. To address this, Trustatom brings the trust mechanics that made Bitcoin possible into the mainstream.
Trustatom has raised early seed funding to the tune of $100,000 with which it will launch CredyCo, a cryptographic due diligence service built on top of bitcoin's blockchain. The round was led by a group of investors that included entrepreneur Brian Cartmell and Gyft co-founder Vinny Lingham. Speaking to CoinDesk, Trustatom co-founder Yurii Rashkovskii framed the news as an early step in connecting the technology of bitcoin with "the real world". "The most important thing from our perspective is to find users for bitcoin and blockchain technology outside of the traditional and core use of....
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