Loyakk, a London, UK-based maker of a blockchain-enabled Enterprise Relationship Management platform, received a venture capital investment from Ai8 Ventures.
The amount of the deal was not disclosed.
The company will use the funds to continue to expand its development efforts.
Led by Salim Ali, CEO, Loyakk provides companies across the globe with the Loyakk Vega Enterprise Relationship platform to collaborate smartly with their global network of customers, channel partners, distributors, suppliers and contractors in a distributed business environment made by decentralized, digital ecosystem structures, powered and protected by blockchain technology.
Businesses will have the ability to track and secure transactions, ownership of digital assets, and control propagation and sharing of business data ensuring that all activities can be verified and updated by authorized participants.