Originally Reported by Espansion, a major financial journal in Spain
Translated from online news site Kippel01
Vottun, a blockchain traceability startup, focuses on the business of smart contracts and on ensuring the traceability of the various processes of its clients. The company started to market its product last July.
The blockchain is creating more value as a business model for different companies. The start up Vottun.com launched from Barcelona a platform for companies to record all kinds of data through this technology. In order to finance its growth and scale the project in Europe and North America, the company has opened a round to attract one million dollars .
Vottun uses smart contracts to ensure total traceability of its clients’ processes, eliminate fraud, simplify its operations, avoid intermediaries, improve security, save costs and increase transparency. The start up has offices in Barcelona and Los Angeles , and employs twelve people.
The former Amazon Luis Carbajo founded Vottun in 2017 along with former Hewlett Packard Rohan Hall and Marta Vallès. The manager explained to Expansión, a financial news paper in Spain, that the company already has a product that works and began to market in July as a blockchain as a service (BaaS). The business model is that customers pay the company for each data they register through the system to the blockchain. The product is blockchain agnostic including both public and private blockchains like Ethereum and Hyperledger integration.
In its client portfolio for Skills and Compliance Traceability, Vottun clients include Naturgy – a $20B utility company, Sedigas – a gas utility compliance organization, one of Spain’s largest banks, The City of Barcelona Economic Development Agency (Barcelona Activa) and educational centers such as EADA Business School and Blockchain Institute of Technology.
For its Supply Chain client portfolio the start up is working with a chain of supermarkets, a food group, individual food producers – although it has not revealed the identity of these companies.