Lingon closed angel investment round
Lingon closed angel investor round to complete the development of its new self-service platform
Experts estimate that $4.5 trillion of counterfeit goods are sold globally each year. The majority of these counterfeits are exclusive and limited-edition products. Lingon Certiﬁcates AB oﬀer a solution to counteract the gray market by providing tamper-proof digital certiﬁcates. These certiﬁcates ensure authenticity, prove ownership, and protect the value of these limited and unique assets.
ChromaWay is pleased to announce our investment in and collaboration with Lingon Certiﬁcates, providing a technical solution custom ﬁtted for this purpose which serves a growing market with explicit and urgent needs.
Ebba Theding, CFO, ChromaWay
"In the Lingon team we saw extremely motivated and experienced entrepreneurs with a very strong product and market focus. And with our shared vision of how certiﬁcates of authenticity can revolutionize market trust with blockchain we look forward to building a kick ass application."
To be able to oﬀer a fully comprehensive certiﬁcate there are no shortcuts. ChromaWay and Lingon will create a trustless solution by giving each asset a fully traceable and transparent digital identity on the blockchain that rules out the possibility of tampering. By leveraging the capabilities of relational blockchain, we will bring manufacturers and certiﬁcate owners together on a scalable and secure authentication platform.
Ulf Enhörning, CEO, Lingon Certiﬁcates.
“At the heart of Lingon lies the desire to safeguard authenticity of assets and improve trust in trade interactions. In ChromaWay we have found a partner who not only shares those values, but also contributes with deep understanding and knowledge of the blockchain infrastructure. On their platform, Lingon´s services can create a maximum of value to its users. After searching around the globe for potential partners, we realized that the answer was just around the corner. In ChromaWay, we have found world-class competence and a local partner with whom we can thrive in our ambition to further contribute to the Swedish tech wonder.”
The Lingon wallet apps for management and validation of digital certiﬁcates as well as future marketplace features will oﬀer endless opportunities for both consumers and manufacturers. Lingon’s vision is to create user oriented, seamless products that will build instant trust. ChromaWay’s relational blockchain technology provides the ﬂexibility and capabilities necessary to deliver this vision.
ChromaWay and Lingon Certiﬁcates are looking forward to a fruitful collaboration.
Lingon showcased its NFC-connected solution for Digital Product Passports at "Möbelriksdagen" in Tibro on September 28.-29. 2023.
So exciting! Now, it's finally time to launch our platform as public beta. It means that anyone can use the service (although still in a pilot phase).
Watch the chat between contemporary performance artist Malin Myagi and our co-founder Christian Listérus about the blockchain, art, Lingon and new tech in a livestream on Instagram