Together with Coparion, a Venture Capital firm specializing in German tech companies, the innogy Innovation Hub has invested in Fractal, a blockchain technology company based in Berlin.
Fractal builds identity and payment solutions for the decentralized web that are user-centric and compliant. It supports open source blockchain projects to fund the future ecosystem using an initial token launch, helping to make the ICO (Initial Coin Offering) investment process frictionless. Fractal plays a major role in moving ICOs out of the regulatory grey area and helps make the ICO investment process frictionless.
Furthermore, Fractal is behind the successful token launch of the Ocean Protocol, which raised over $20M in early 2018 and is already at work on a new effort partnering with two of our Machine Economy portfolio companies, ScanTrust and BigchainDB, as they raise support for a new project: the GoodChain Foundation.
With this seed round, Fractal plans to invest deeper into its software solutions for ID and payment to better support open source blockchain projects that are looking to obtain funding using an initial token launch.
The next project to be launched is the Fractal ID. Available as an open Authentication (oAuth) kit for web and app engineers, it will allow users to log in with one click and instantly share a custom slice of their ID data with a trusted transaction partner.
Find out more about the future of the Machine Economy in this article by Kerstin Eichmann, Head of 'Machine Economy' for the Innovation Hub.