Chronicled is an enterprise blockchain company that focuses on automating transactions between trading partners in the life sciences industry through the MediLedger Network. The company plays a role as the custodian and administrator of the MediLedger Network, providing solutions that facilitate trust and enable automation between trading partners. The company’s Contracts & Chargebacks solutions focus on minimizing chargeback errors and disagreements by ensuring compliance with business rules among trading partners through roster validation, real-time contract communication, and claims adjudication. In addition, the Product Verification solution on the MediLedger Network facilitates the swift verification of product identification data for US prescription drugs against the original manufacturer data.
Key customers and partnerships
The company works with a range of partners, including professional services and consulting firms such as PwC, Deloitte, Accenture, ZS, and SAP, to support implementation efforts.
Funding and financials
The company raised USD 8.3 million in Series B funding in February 2022 led by True Global Ventures, with participation from corporate and private investors. The proceeds were used for growth initiatives, including product development, hiring, and market expansion.
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