Blockchain for the ethical and sustainable industry practices
According to LinkedIn, Topl is a blockchain company that helps organizations with blockchain-based solutions in order to prove their ethical and sustainable practices. With Topl, companies can fix the trust issues and drastically cut operational costs by simplifying product and services certification processes. The solution can be applied to various scenarios from moving a conflict-free diamond from mine to marriage or moving food around from the production site to a bar. The network was launched in 2018, and since then Topl claims that its features have been improved and more functionalities were added. This makes the network to be more stable, accessible, and energy efficient.
According to Crunchbase, Topl is an ESG technology company that builds a blockchain ecosystem to prove a business’ ethical and sustainable business practices. Topl allows companies to prove their ethical and sustainable practices to the public and the government, by tracking and tracing every step in an organization’s supply chain. The company started its production phase in 2019, helping various companies to work with blockchain technology.
Topl has raised a total of $3.9M in 2 rounds of funding. The last funding round was finished on December 21, 2020. There are 8 notable investors who support the project including Beni VC and Social Impact Capital who participated in the latest funding round. The company itself has three core members, including its CEO and co-founder Kim Raath. The company’s headquarter is located in Texas, United States of America.