Platin
Proof-of-location Protocol on the Blockchain
Company Overview
Snapshot
Founded in June 2017 by Lionel Wolberger, Allon Mason, and Heinz Petersen, Platin operated with 1–10 employees. The company secured funding in one round from investor EOS VC. In January 2019, Platin received an investment from EOS VC.
Business overview
Platin developed a secure, decentralized proof-of-location protocol leveraging blockchain technology. This protocol records and exchanges activity via smartphones and specialized devices, incentivizing network nodes with its native cryptocurrency, PTN. The technology is designed for integration into location-based businesses, including supply chain management, money and location verification, location-based commerce, gaming, token geofencing, and regulatory processes like Know Your Customer (KYC) and Anti-Money Laundering (AML). Platin operates within the Cyber Security sector, focusing on DLT & Blockchain and Data Security technologies, targeting financial services, particularly virtual currencies and financial products.
Strategic signal
In January 2019, Platin secured an investment from EOS VC, a Block.one-backed EOS Ecosystem Fund. This investment signaled validation for Platin's blockchain-based proof-of-location protocol, highlighting investor interest in decentralized solutions for secure location verification and its potential applications across various industries, including supply chain and financial services.
Log in to access full profile ›Company Intelligence Q&A
- What is Platin's primary focus?
- Platin developed a secure proof-of-location protocol based on activity recorded and exchanged by smartphones or more specialized devices, utilizing blockchain technology.
- When was Platin founded and by whom?
- Platin was founded in June 2017 by Lionel Wolberger, Allon Mason, and Heinz Petersen.
- What is the status of Platin?
- Platin is currently non-active and ceased to operate in November 2019.
- What markets did Platin's technology serve?
- Platin's technology was designed for integration with location-based businesses, including supply chain, money and location verifications, location-based commerce, gaming, token geofencing, and KYC/AML processes.