Money lies at the core of civilisation. It is the centerpiece of commerce, that thing which allows two individuals to trade, be productive and flourish
Until the invention of decentralised ledger technologies, the issuance of currency remained within the exclusive realm of governments and central banks. Today any individual or small organisation can issue a currency. We have our own
“Technology has significantly advanced the way we do global trade, yet cross border payment mechanisms date to the 1950s. With its smart contract infrastructure, Abaku will bring the industry into the 21st century”
Our Mission
It is clear that the adoption of cryptocurrencies represents a significant benefit to society, and it is hence our aim to promote and facilitate their use
Unlike as with the efforts of many in the crypto space who have focused on winning the hearts and minds of the retail public — a non-trivial task we believe may take many years — our endeavours will focus on a smaller but far more influential target audience: the global trade business
It is our assessment that with significantly less energy expenditure, we can transition massive sums of money into the crypto ecosystem, facilitating an activity that affects everyone, and proving the viability of blockchain solutions at the commercial level
completed…
Reached consensus on vision and the path forward
Completed whitepaper
Incorporation and legal structure
Development of smart contracts and blockchain infrastrucure
Funding
in progress…
Customer acquisition
Key partnerships
etymology
Above, a depiction of the Sumerian cuneiform syllabary, dating to the late imperial period of Sargon The Great
The word abaku originates with the Akkadian language and means “to pay”. More generally it conveys the settlement of a transaction or trade
We believe it is important to recognise that the business of trading dates back to the earliest memory in human history and it thus seemed to us appropriate to christen the birth of our most modern of currencies, with the most ancient of words