Investor Mic AG has secured the license for the Dutch company Tymlez's blockchain architecture. Based on this technology, the Munich-based company has formed Chainledger Systems AG.
Chainledger Systems, a wholly owned subsidiary of Mic, is designed to enable medium-sized companies to use blockchain. Tymlez's underlying technology can integrate or connect public and private blockchains into existing enterprise applications. Chainledger Systems' blockchain architecture has been in use within the group since the beginning of the year. Andreas Empl, CEO of Mic AG, says:
"As a member of Mic's board, I see the bigger picture, especially when it comes to process optimization, data security and provenance, evidence and forgery security, and even identification—be it in companies, organizations, other heterogeneous groups, or the Internet of Things. Blockchain technology can dramatically optimize and reduce the cost of existing processes and evidence procedures in all these areas. As Mic AG, we can offer our affiliates and external companies all the options from a single source through our new subsidiary, Chainledger Systems."
“Blockchain is more than a coin or ICO”
Maximilian Lecker, CEO of Chainledger Systems AG, says he is often asked about the ICO and coin hype:
"However, it's important to know: Blockchain technology is far more than just the basis for coins or ICOs; we see blockchain as an unrivaled alternative for optimizing processes in many areas of medium-sized companies, for example, while increasing data security."
