Algorand Aikon Grant Partnership Update

June 10th, 2021 - AIKON, an Algorand Foundation grant recipient in 2020, is on a mission to remove the complexities inherent in blockchain technology. Through our partnership, AIKON is one step closer to achieving this goal.

Last year, the Algorand Foundation and AIKON announced a new partnership to help enterprises adopt blockchain at scale. With milestones set to track success, AIKON has met the objectives of integrating Algorand Blockchain onto ORE ID and developing the Algorand plugin for Open Rights Exchange (ORE) Chain JS

In that time, the company also launched a brand new product offering, ORE Vault—built on the Algorand Blockchain. 

“The Algorand Blockchain has enabled AIKON to provide speed and price stability to our customers. The fact that our customers know the price of a transaction before executing is invaluable,” explains AIKON CEO Marc Blinder. “On top of their inherently sustainable solution, it’s been great partnering with the Foundation’s world-class cryptographers.”

Through AIKON’s blockchain-based identity management solution, ORE ID, AIKON is enabling companies, like Algorand Inc., and their end-users to create and manage private keys in a way that’s approachable and easy to use. By implementing ORE ID, companies can transfer their customer bases to the blockchain without changing their customer experience, fixing one of the core problems in the industry. 

The newest product—ORE Vault—continues that vision. ORE Vault is an intuitive, enterprise-grade, multisig wallet. In fact, the first transaction on ORE Vault sent Algo Tokens!

Originally built on Algorand Blockchain, ORE Vault customers have greater team visibility into transactions and authorizations, while preserving complete custody of tokens. And coming soon, a WalletConnect integration!

We’re excited to see big things happening in the Algorand ecosystem and community and are very excited to see what the Aikon team does next! 

About AIKON

AIKON was founded in 2018 with the goal of enabling the digital asset economy and empowering users from all over the globe. Where every asset and service can be managed more safely, easily and without middlemen, AIKON has developed the Open Rights Exchange protocols to manage access to digital rights and access, and has been enabling mainstream blockchain adoption with its ORE ID secure identity service. Through ORE ID, AIKON is enabling companies and their end-users to create and manage private keys in a way that’s approachable and easy to use. By implementing ORE ID, companies can transfer their customer bases to the blockchain without changing their customer experience, fixing one of the core problems in the industry.