27th of July

Dear Community,

It is time to finalize the Q&A round we had on Reddit a few weeks ago. Here are the last answers!

Business

Q: What does “enterprise” customers actually mean? Ie. does the sideline KYC/ID solution count as enterprise customer sales? I would like to think that pilot programs that you talk about are not just the secondary KYC/ID stuff and are the actual Agrello HR/rental pilot. A: Enterprise customers would mean the general Agrello ID integration to other companies online services and also actual use of Agrello contract solutions in different enterprise use cases. Pilots are included in that once the tech is in active use by the company.

Q: Are you planning on publishing follow up on the partnerships and how they are being dealt with? A: Yes. Regarding Veriff, Nordcoin and blockhive we are constantly sharing news, with multiple other partnerships we still have discussions ongoing how to implement our services and we will share more news as soon as possible.

Q: Your organisation has ended up selling just the signatures verification system. Where is the AI powered interface to create and manage smart contracts? A: This tech is in development and takes slightly more time than we expected, while also building the ID system took longer than we hoped.

Q: How is the burn rate? at this pace, do the objectives seem feasible? A: The current burn rate is mostly in amount what covers our employees. All objectives are feasible, however prone to delays.

Future plans

Q: Can Agrello ID in the short future be linked via smart bridges like ARK or ICON? Will the binding Contracts be able to link via smart-bridges like ARK or ICON? A: We will look into this. This is something that needs further research and analysis.

Q: There are other exchanges that do not require a high listing fee, can you do some research and apply to them? When are you planning on listing in other exchanges? A: Currently not a priority, but we do not exclude that option in the future.

Q: Could we put some effort into taking this project outside of Estonia, and including Asia, which is a very technical and advanced society. A: We absolutely will. We already have a strong focus towards Central Europe and Japan.

Currently, a team of 4 from Agrello is traveling in London and Amsterdam and having an introductory meeting with potential future pilots/ customers. Hopefully we can share some good news with you all soon!

Just a short remainder, next Q&A session will be coming up at the end of Q3!

To learn more about Agrello’s other partnerships and projects, existing and upcoming join us on Twitter, Telegram or Linkedin.

Agrello Team