Creathor Ventures has invested in Haja Networks, enhancing the development of decentralized database protocols aimed at transforming data ownership and control.

Information on the Target

Haja Networks is a cutting-edge start-up founded by Samuli Pöyhtäri and Vesa-Ville Piiroinen in 2018 in Oulu, Finland. The company is comprised of a seasoned team that includes key members from the development of OrbitDB and IPFS, focusing on the creation of innovative open-source protocols that facilitate decentralized databases. Haja Networks is committed to re-decentralizing the internet by developing two essential components: a decentralized database protocol and a decentralized database network.

The decentralized database protocol enables users to maintain ownership and control over their data while facilitating connectivity with existing databases. In contrast, the decentralized database network serves as a marketplace for services, offering data providers a venue to monetize their solutions while providing businesses with easy access to a diverse array of services. This progressive model stands in stark contrast to traditional centralized databases, which often create data silos, leading to concerns about data privacy and control.

Industry Overview in the Target’s Specific Country

The landscape for decentralized technology in Finland is rapidly evolving, driven by innovation in distributed systems and a strong emphasis on data security. Finnish companies are increasingly recognizing the transformative p