The App
hiveonline is the financial trust platform for small businesses. As a small business owner, you can share decisions, contracts, authorisations and payments with your customers, lenders and suppliers via mobile, removing uncertainty and complexity.
Your customers, lenders, suppliers, authorities and other businesses need to know you can be trusted so we take the administration and burden of proof away with our tailored ratings, which are based on what you’ve delivered, rather than biased reviews.
Because we run on blockchain rails, with a reputation system based on behaviour rather than bank records or government ID, we’re ideally placed to bring financial inclusion to micro and small businesses who don’t have access to banks, so alongside our platform for Nordic customers, we’re launching financial ecosystem support for the millions of unbanked businesses in developing economies.

eArziki – Digitalising Village Savings and Loan Associations

hiveonline community finance builds the bridge between informal financial communities and the financial system. We dramatically reduce the cost and risk of lending or other financial services to informal businesses and savings groups like CARE’s VSLA. Our reputation system treats everyone fairly: borrowers get a score based on their financial behaviour; lenders on their performance and treatment of customers. Groups can borrow as a community.

Poor communications infrastructure, typical in rural Africa, isn’t a problem, because it’s designed for low data use and low connectivity. It runs on any phone with a browser, so users don’t need smartphones. There’s an offline mode for the most remote communities, so they can transact without any connectivity. Fully traceable transactions give confidence to lenders, aid programmes, and investors.

hiveonline unlocks access to affordable credit, insurance and savings for communities in the informal economy.

In today’s $4 trillion digital economy where money can be sent across the world in milliseconds and everything from buying food to submitting a job application has moved online, simply proving who you are to those who genuinely need to know has remained stubbornly rooted in the legacy age of paper.

Try opening a bank account, applying for a government service or even buying a SIM card for a mobile device, and you’ll need to provide a physical ID such as a driver’s license that’s then scanned or photocopied to satisfy regulatory requirements. The online world is even more chaotic. The average person has over 50 digital identities, each stored by a different company or government organization in siloed identity management (IDM) systems. Security protections range from strong to barely existent.

Maintaining valid information across these multiple stores can be challenging for individuals and companies alike. Worse still, users have little or no control over their own digital identity information.

BlockID by 1Kosmos is the answer to these challenges. It’s a revolutionary new technology that enables users to store their identity data in a secure digital identity safe on their own mobile devices, and provide it easily to those who need to access and validate it.