Pharma Based Blockchain Supply Chain Platform Raises $16mln
Chronicled, Inc., a California-based provider of blockchain driven global supply chain ecosystems offering features such as automation and online privacy, received $16mln. in Series A funding.
Mandra Capital spear headed the round, with Streamlined Ventures, Frank Fiore, the Perkins Fund and David Aho in attendance.
Chronicled is a blockchain software technology company that brings overall efficiency and increased automation to global supply chains. The company launched tools and frameworks to deploy decentralized blockchain networks that facilitate multi-party supply chain ecosystems.
The decentralized network architecture widens trust limits and imposes business policies and procedures between organizations without disclosing private information. Chronicled is presently trialing it’s MediLEDGE Network, which will be launched commercially in 2019 with a group of big companies, including manufacturers, distribution companies and innovative solutions providers.
The company plans to utilize the MediLedger Network’s expansion funds with service provider integrations and other protocols which resolve channel credibility and reimbursement, outsourcing and revenue administration. Chronicled is establishing a project development office in Vancouver, BC as portion of its overall growth plans.
The company in question has 50 employees and intends to hire about 20 by next year, both in San Francisco and Vancouver. Chronicled is a founding member and an active participant in Pharmaceuticals, Precious Metals and Minerals industry of the Enterprise Ethereum Alliance and Trusted IoT Alliance.