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Blockchain Solution: Shelf Receives $1.1 million Investment from Public Japanese Automotive Software Giant

Company Shelf – who’s co-founder is a young entrepreneur Lasha Antadze, has being on the market around a year, but for this short period of time, it has gained worldwide recognition and popularity in blockchain technology use-cases.

Recently company announced that, they made a significant partnership with Japanese largest automotive software provider: Broadleaf, a public company traded on Tokyo stock exchange. Company operated 30 offices in Japan and 3 Technology development centers. Apart from $1.1 million investment, parties agreed on special distribution deal, that will enable Shelf’s technology to be adopted by south east asian market and create an automotive trade network across the countries of: Japan, Myanmar, Cambodia, Philippines, New Zealand, Thailand, Indonesia, Vietnam, Lao PDR, Australia, India, Bangladesh, Sri Lanka, and Singapore.

Shelf as a distributed technology enables to connect car listing marketplaces peer 2 peer and empowers sellers to run the same vehicle trade synchronized across these multiple platforms. Such distribution and unifying service creates a global infrastructure where not only cars can be shared, but builds up entire ecosystem of interconnected businesses, where with each car, supplementary services such as transportation, inspections, financing companies can cross-sell their offerings.

Currently Shelf is active in Eastern European region, where it seeds around 52,000 vehicles every month from US and German dealerships. Shelf’s ecosystem host as well supplementary services such as Carfax, Look.Live inspections, transportation companies and etc.

Shelf.Network after its formation quickly gained momentum and in a year’s time, became one of the best real world use cases of the Blockchain Technology and managed to win several awards consecutively both in Automotive and Blockchain industry.

Awards won by Shelf.Network: 

  • Winner of Frontier Innovation Award as the Best Real World application of Blockchain Technology
  • Winner of Blockshow Europe (2018)
Y-combinator – startup school
  • Techstars 2018 – Graduate
  • Winner of Automechanika Innovation Award (Largest automotive fair)

And lastly the company is nominated as the best global re-marketing solution for FleetEurope – among the biggest industry names such as: BCA, Manheim and Autorola.

“It’s being a very interesting year, and looking at the phase how everything accelerated starting from a Ukrainian town to a US company with global partnerships – is a very positive sign, that all is yet to come” said Lasha Antadze