The Dutch Blockchain company Tymlez Group starts trading on the Australian Stock Exchange (ASX)

The Blockchain Tymlez Group Ltd business platform kicked off trading on the Australian Stock Exchange (ASX).

Following the success of the ASX admission, the proceeds from the offer will be mainly used to increase the marketing and sales activities to increase the sales of licenses for the Tymlez platform, to pursue the further development of the platform. Tymlez to preserve its market-leading product position and expand the geographic footprint of the Tymlez business.

Geographical expansion plans are already underway and the next-generation Beta version of the Tymlez platform will be released in the first quarter of 2019.

Tymlez's blockchain is designed for business, creates a permanent, secure and unalterable record – from a decentralized network structure that allows a single asset to be transferred over the Internet without the need for a centralized centralized agent. According to Gartner, the addressable market for blockchain applications will increase from $ US175 billion in 2025 to $ 3.1 trillion in 2030. Tymlez is well positioned in the short term to access this market through its growing partner ecosystem by exploiting existing use cases. and new ones

The ecosystem of the Tymlez partners has tripled in the last four months.

From the latest investor newsletter, the partner network has grown from four (4) partners in Europe to twelve (12).

Michael Reh, executive director and CEO, said:

"We are very pleased to see the accelerated growth of our partner network as a result of our sales force in Europe, which significantly increases our impact on sales and implementation and shows strong approval of our product from part of our experienced channel partners ".

The most recent projects of use cases worthy of note

Grant Thorton

Grant Thornton is the sixth largest professional services network in the world of independent accounting and consulting companies that provide insurance, tax and consulting services to private companies, public interest entities and public sector entities. Grant Thornton has sought to increase automation and incorporate immutable records into its audit processes in line with regulatory requirements.

The Tymlez platform has been successfully used to develop a secure document sharing application to manage annual reporting between Grant Thornton accountants, auditors and their clients. The application was developed around the principles of the smart contract provided for the numerous reports and authorizations in document approvals. Since the application has been integrated with Microsoft Outlook, the encryption function with a complete audit trail of the documents has been introduced intuitively within the processes familiar to users.

The Tymlez platform introduced further automation, thus reducing processing time and overhead costs, enabling secure and encrypted exchange of documents between individuals, thus increasing confidence due to unchangeable evidence of compliance and improved operational and customer efficiencies experience.

Save the children

The Save the Children Fund is a non-governmental organization in the United Kingdom that promotes children's rights, provides assistance and helps children all over the world. Save the Children has raised revenues of approximately $ 2.1 billion and directly reaches 56 million children working in 120 global locations, with 25,000 employees2. The Save the Children Fund sought a recruitment and hiring solution that would ensure greater efficiency, transparency and security that would comply with the General Data Protection Regulation (GDPR) in Europe.

The Tymlez platform has been successfully integrated to develop an application for customer onboarding processes that meets these objectives. The developed application not only allowed the secure encryption of files containing personal data, but was also able to control access to such data. Furthermore, the application maintained a complete audit trail of information available for inspection by participants and regulators.

The Tymlez platform introduced automation, reducing processing time and overhead costs, improving risk assessment capacity and operational efficiency, and established a secure process, based on user authorizations for the data collection and sharing, where data is protected by private keys.

Go to https://www.tymlez.com/ for more information.