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Chromia is a brainchild of ChromaWay. ChromaWay has a long record of delivering pioneering projects around the world. We issued Euros on the Bitcoin blockchain with LHV bank, allowed investors to invest in startups in a wholly decentralised way with Funderbeam, digitized the title transfer process with the Swedish land registry, and mediated the green bond market with SGDF. ChromaWay’s core team created the world’s first protocol to issue tokens already in 2012, when blockchain was called “bitcoin 2.0”.
Then, ChromaWay introduced the relational model to enterprise blockchains with a consortium database called Postchain. Now Postchain is going public as the foundation for Chromia, a better blockchain for building decentralised apps. Chromia does not reinvent the wheel. ChromaWay is incorporating seven years of experience into something which is ready for the future. Chromia is the product of the many lessons we have learned over the years. Every problem that we have encountered has led to solutions and best practices that we have endeavoured to incorporate into Chromia so that users of the platform can focus on what is important: building world-changing dapps.
Chromia (by ChromaWay) is a new blockchain platform for decentralized applications, conceived in response to the shortcomings of existing platforms and designed to enable a new generation of dapps to scale beyond what is currently possible. Chromia is both a blockchain and a relational database. This means that decentralized applications (dapps) can be written in a way that is familiar to developers all over the world, whether they work on large enterprise applications, games, or smaller projects.
Dapps do not arise from “smart contracts” in Chromia, but are considered first-class entities: each dapp blockchain runs on a specific set of nodes and typically have their own dedicated CPU thread. If a dapp needs more than one execution thread, it can consist of multiple shards, each of which will be a sidechain. That gives dapp developers a high degree of flexibility and control.
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