Executive Summary
Blockchain is a self-sustaining, “peer-to-peer” database technology for managing and recording transactions, where no intermediary involvement is required. It establishes trust and security and removes the need for trusted third parties in any business process. Blockchain is anticipated to be highly disruptive to some of the largest global industries. It is said to be as significant now as the internet was 25 years ago.
The addressable market is significant and growing. Almost US$1Bn of total investment has been made in the space over the past 36 months. The global Blockchain market is predicted grow from US$210M in 2016 to US$2,312M by 2021, at a Compound Annual Growth Rate (CAGR) of 61.5%.
The Company has developed its own technology stack, enabling enterprises to develop applications utilising blockchain technology. The platform is hyper-scalable, enterprise grade and solves the 2-speed IT problem that the enterprise face when it wants to innovate. The development stack’s unique modelling environment ensures secure and rapid development of sophisticated blockchain enabled enterprise applications. Visual modelling capabilities with Drag/Drop and Deploy functionality simplifies the development of smart contracts. The stack is targeted at the so-called private & consortium enterprise chains market.
The Company solves enterprise problems of security, trust, scalability and errors through its Blockchain-as-a-Service (BaaS) platform. The Company has multiple patents in the works. Tymlez has proven its business model through early client and partner engagement.
The Company intends to undertake an Initial Public Offering (“IPO”) and listing on the Australian Stock Exchange (“ASX”) .
The Company has key partnerships with large technology companies such as Intel, Microfocus/SUSE, Fujitsu and BigChainDB. The Company’s technology stack has been validated by large global enterprise customers, such as Grant Thornton, CIB, FNB, Leondrino, Dutch government, Kneppelhout Korthals, KPN, BCG Platinium, Worldlink and Ordina.
Blockchain has high barriers to entry, is highly complex and requires a highly specialised skillset with a lack of substitute technology at the present. The Company has a first mover advantage and the founders are highly experienced with a successful exit.
Michael Reh (CEO & Co-Founder) is a long-time software executive having worked at Board Level for the world’s leading IT-firms most recently as an Executive VP at SAP (13 years to 2014), Executive VP and Global Head for Finacle at Infosys and most recently CEO and board member at Edgeverve (8,000+ employees). He has the ability to combine his technical expertise with his ability to understand customer business systems and processes, and has worked in an international capacity for years building strong networks within the business information and technology space.
Reinier van der Drift (Business Development & Co-Founder) is a serial technology entrepreneur, founding his first company in 1994. Reinier has been a leader in the ICT industry since 1984. He was the CEO and founder of Authasas which was acquired by Micro Focus in 2015 for $15M. Reinier is also a thought leader and public advocate for the continued development of strong authentication technologies. He is a public representative of the security industry and typically participates in the media and open forums as an industry commentator.
