Neoke Company Profile

Background

Company Name: Neoke

Founded: 2022

Headquarters: Amsterdam, The Netherlands

Industry: Blockchain, Cloud Infrastructure, Information Technology

Mission: To revolutionize the travel industry by providing a secure and personalized digital identity platform that enhances the travel experience for both travelers and service providers.

Vision: To create a connected and trusted travel ecosystem through innovative digital identity solutions, enabling seamless and secure information exchange across all stages of the travel journey.

Key Strategic Focus

Core Objectives:

Develop a decentralized digital identity platform that empowers travelers with full control over their personal data.

Streamline travel processes such as check-in, guest verification, access control, and data management for service providers.

Enhance data privacy and security, addressing increasing consumer concerns over data breaches and regulatory compliance.

Areas of Specialization:

Digital Identity Management

Blockchain Technology

Cloud Infrastructure

Travel Technology Solutions

Key Technologies Utilized:

Blockchain for secure and immutable data storage

Cloud-based services for scalable and efficient data management

Biometric authentication for enhanced security

Primary Markets Targeted:

Airlines

Hotels

Car Rental Services

Airports

Corporate Travel Management

Financials and Funding

Total Funds Raised: €1.3 million

Recent Funding Round: Seed Round in July 2023

Notable Investors:

Dreamcraft Ventures

ff Venture Capital

GHARAGE: Vision Hub of Gebr.Heinemann

Plug and Play Ventures

Intended Utilization of Capital:

Further development of Neoke’s technology platform

Expansion of go-to-market initiatives

Enhancement of product offerings to meet evolving market demands

Pipeline Development

Key Products:

Neoke Wallet: A digital wallet that allows travelers to securely store and share their personal data at their discretion.

Neoke Connect: An identity management and automation platform designed for travel providers to manage and verify traveler information efficiently.

Development Stages:

Neoke Wallet: Launched in 2022, currently in active use by early adopters.

Neoke Connect: Under development, with anticipated deployment in the coming year.

Target Conditions:

Addressing the need for secure and efficient identity verification in the travel industry.

Enhancing data privacy and compliance with global data protection regulations.

Anticipated Milestones:

Expansion of user base for Neoke Wallet.

Integration of Neoke Connect with major travel service providers.

Achievement of significant market penetration in the travel sector.

Technological Platform and Innovation

Proprietary Technologies:

Neoke Wallet: A blockchain-based digital wallet that ensures secure storage and sharing of personal data.

Neoke Connect: A cloud-based platform that automates identity management processes for travel providers.

Significant Scientific Methods:

Utilization of blockchain technology for immutable data storage and verification.

Implementation of biometric authentication methods to enhance security and user trust.

Leadership Team

Vikas Bhola – Co-Founder & CEO

Background: Former Managing Director at Booking.com, with extensive experience in the travel and technology sectors.

Contributions: Spearheads Neoke’s strategic direction and partnerships, leveraging his industry expertise to drive innovation.

Sebastian Honores – Co-Founder & Chief Product Officer

Background: Former Product Manager at Booking.com, specializing in product development and user experience.

Contributions: Leads product development efforts, focusing on creating user-centric solutions that address market needs.

Competitor Profile

Market Insights and Dynamics:

The digital identity management market is experiencing rapid growth, driven by increasing concerns over data privacy and security.

The travel industry is actively seeking solutions to streamline operations and enhance customer experiences, presenting opportunities for innovative technologies.

Competitor Analysis:

Keyp: Europe's fastest-growing open digital identity ecosystem.

NeoCheck: Experts in blockchain traceability and identity verification.

Nect.com: Enables eIDAS-certified digital identity solutions.

Keyo: The Global Identity Network.

1ID: Touchless immigration and security clearance solution.

Strategic Collaborations and Partnerships:

Microsoft: Technology partner, providing support and collaboration opportunities.

Microsoft for Startups: Participation in the program, offering resources and mentorship.

FutureTravel Pitch Competition: Winner of the 2022 competition, receiving a prize package valued at approximately €56k.

Operational Insights

Strategic Considerations:

Neoke's focus on data privacy and security positions it favorably in a market increasingly concerned with data breaches and regulatory compliance.

The company's innovative approach to digital identity management offers a competitive edge in the travel technology sector.

Competitive Advantages:

Early mover advantage in the decentralized digital identity space within the travel industry.

Strong leadership team with deep industry experience and a track record of successful product development.

Strategic Opportunities and Future Directions

Strategic Roadmap:

Expand partnerships with major travel service providers to integrate Neoke Connect.

Enhance Neoke Wallet features to increase user adoption and engagement.

Explore new markets and applications for digital identity solutions beyond the travel industry.

Future Business Directions:

Develop additional products and services that leverage Neoke's digital identity platform.

Invest in research and development to stay ahead of technological advancements and market trends.

Opportunities for Expansion:

Enter new geographic markets with high demand for secure digital identity solutions.

Collaborate with regulatory bodies to shape standards for digital identity in travel.

Positioning for Future Objectives:

Neoke's commitment to innovation and user-centric solutions positions it well to achieve its vision of transforming the travel experience through secure and personalized digital identity management.