Hashnet d.o.o.

What Hashnet d.o.o. does

Hashnet d.o.o. is a Slovenian private limited liability company founded in 2018, headquartered in Slovenske Konjice with a regional office in Zagreb, Croatia. The company develops enterprise-grade distributed ledger technology built on a Directed Acyclic Graph (DAG) architecture with Proof-of-Stake consensus, marketed as supporting up to 100,000 transactions per second with energy efficiency. Its product portfolio centres on the HashNET/Tolar platform, complemented by modules including Record Chain (revenue assurance), Digital Product Passports, EBSI-VECTOR (cross-border public services), SI-Chain (Slovenia's national test blockchain), EU-Chain, Tanzania Blockchain Hub, DOME Marketplace, SEED to Scale, EDIH, ThinkXR, Trublo, Trace4EU, and HAI5, alongside education products via COTRUGLI Business School.

The company serves governments, enterprises, and developers — with primary customers in the public sector (Slovenian, Tanzanian, and Mauritius governments; European Blockchain Services Infrastructure) and selected enterprise pilots (Rimac Technology, Infobip, SAP partnership). Its go-to-market is overwhelmingly enterprise field sales channelled through EU-funded project consortiums (DOME, IPCEI-CIS, EBSI, SEED, EDIH) and strategic partnerships with UN agencies (UNDP, UNIDO), technology vendors (Atos, Engineering, Gaia-X, SAP), and academic institutions (COTRUGLI). The company integrates AI capabilities (predictive analytics, autonomous agents, planned generative AI assistants) and positions robotics with blockchain-backed accountability as an emerging pillar, though these remain more roadmap than deployed product.

Hashnet generates revenue from four streams: EU-funded project development (professional services within consortium budgets), blockchain infrastructure services (subscription/recurring), expert training through COTRUGLI programmes (professional services), and digital transformation consulting (professional services). Pricing is not publicly disclosed and is delivered via custom engagements. With 1-10 stated employees and ~18 named team members including co-founders Dražen Kapusta (CEO) and Josip Maričević (CTO), the firm operates as a lean boutique leveraging consortium structures, the CO-LAB alumni network (2,600+ COTRUGLI MBAs/PhDs), and grant funding rather than a scaled commercial organisation. Recognition includes the 2024 INATBA Public Sector Innovation Award for EBSI-VECTOR and a 2025 INATBA nomination.

Name

Hashnet d.o.o.

Legal name

Hashnet d.o.o.

Website

https://hashnet.tech

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Enterprise Blockchain Platform

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Permissioned Blockchain Platforms & Frameworks (Hyperledger, Corda, Quorum) (FSAPAIAA)

akta.pro secondary industries

Trade Finance & Supply Chain Tokenization (invoices, bills of lading, provenance) (FSAPAIAK), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE), Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH)

Keywords

• Distributed ledger technology
• Blockchain infrastructure
• Enterprise DLT platform
• AI blockchain integration
• Smart contract networks

Headquarters

HQ city

Slovenske Konjice

HQ country

Slovenia

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. EU-Funded Project Development: HashNET participates in EU-funded research and infrastructure projects including IPCEI-CIS, DOME (€50M budget), SEED to Scale, EBSI initiatives, and various Digital Europe Programme projects. Revenue derived from consortium participation, project delivery, and technology services within these frameworks.
2. Blockchain Infrastructure Services: Provides customized blockchain and AI solutions for governments, enterprises, and developers. Services include implementation, integration, and ongoing support for national DLT infrastructure, AI agents, and IoT networks.
3. Expert Training and Development: Comprehensive training programs including certified MBA courses and specialized tracks in Blockchain, AI, and Digital Transformation Leadership for organizations and professionals.
4. Digital Transformation Consulting: Frontier tech transformation guidance helping organizations develop and implement robust Blockchain and AI strategies. CO-LAB initiative provides mentorship networks and open platforms.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Hashnet d.o.o. builds the HashNET enterprise-grade Distributed Ledger Technology (DLT) platform, which uses a Directed Acyclic Graph (DAG) architecture with a Proof-of-Stake consensus mechanism to deliver up to 100,000 transactions per second with energy efficiency. The company integrates blockchain with AI and robotics to deliver infrastructure for national DLT deployments, cross-border public services, supply-chain traceability (digital product passports), revenue assurance, and developer tooling (Tolar network, APIs, SDKs). It operates primarily through EU-funded project consortiums, direct enterprise sales to governments and large organizations, and strategic technology partnerships.

Product overview

Hashnet d.o.o. operates as a blockchain infrastructure company offering a platform-plus-modules architecture. The core HashNET Platform is an enterprise-grade DLT built on DAG technology with PoS consensus supporting up to 100,000 TPS. This core platform powers multiple specialized modules including: Digital Product Passports for supply chain traceability, Record Chain for revenue assurance, EBSI-VECTOR for cross-border public services, and various national blockchain infrastructure projects (SI-Chain, EU Chain, Tanzania Hub). The ecosystem also includes enablement platforms like CO-LAB for mentorship and collaboration, SEED to Scale for social innovation, Think XR for extended reality education, and DOME marketplace. Educational offerings through COTRUGLI Business School provide blockchain and AI training. The Tolar blockchain project provides wallet and explorer functionality. All offerings integrate blockchain with AI capabilities for predictive analytics, process automation, and autonomous agents.

Differentiator

Problem solved

Functional benefit

Brands

• Tolar: Scalable, fast, secure, and fair decentralized beyond blockchain project leveraging Distributed Ledger Technology (DLT)
• CO-LAB
• HashNet Digital Passport

Products and services

• HashNET Platform Enterprise-grade Distributed Ledger Technology (DLT) platform built on Directed Acyclic Graph (DAG) technology with Proof-of-Stake consensus, supporting up to 100,000 transactions per second with energy efficiency. Integrates blockchain, AI, and robotics for governments, enterprises, and developers.
• Tolar Scalable, fast, secure, and fair decentralized blockchain project leveraging distributed ledger technology built on the HashNET architecture. Includes mainnet/testnet explorers, Taquin wallet plugin, developer SDKs, and JSON RPC / gRPC APIs.
• Record Chain Blockchain-based revenue assurance platform providing immutable transaction records with real-time fraud detection and automated verification tools for financial integrity monitoring. Leverages private blockchain based on HashNET with MySQL cluster and Java Spring microservices.
• Digital Product Passports Distributed-ledger platform storing product-level information with automated rule-based regulatory compliance checks for cross-border supply chain traceability. Provides cross-border interoperability and data integrity through immutable ledger.
• EBSI-VECTOR Next-generation blockchain project for cross-border public services through decentralized, secure, and transparent infrastructure enabling seamless data exchange, enhanced traceability, and interoperability between European institutions. Includes eIDAS 2.0-conformant enterprise wallet onboarding (Triveria) and trusted issuer accreditation (IDUnion).
• CO-LAB Collaboration platform connecting over 2,600 MBAs and PhDs with expertise in Blockchain, AI, and digital transformation. Provides mentorship, consulting services, and blockchain-enhanced collaboration for startups and corporations in partnership with COTRUGLI Business School.
• Friend or Foe / EU-Chain Military DLT EU DLT infrastructure designed for military Identification, Friend or Foe (IFF) applications. Features decentralized EU-Chain Nodes in EU Member States with Main State nodes for consensus participation and Adherent nodes for transaction creation.
• COTRUGLI Business School Private boutique business school offering AMBA-accredited MBA programs (Tech, Executive, and Chief Executive) with specializations in Blockchain, AI, and Digital Transformation Leadership. Delivered as a Hashnet d.o.o. sub-brand in partnership with the CO-LAB initiative.

Quantifiable outcome

• 100,000 TPS capacity supporting large-scale enterprise deployments
• +5 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered flagship, core and minor.

• Slovenian Ministry of Economic Development and TechnologyflagshipStrategic or Co-development PartnerStrategic partnership for developing SI-Chain, the world's first national test DLT infrastructure, serving as a benchmark for national blockchain adoption. The ministry collaborates with HashNET on digital transformation initiatives and regulatory alignment.
• United Nations Development Programme (UNDP)flagshipStrategic or Co-development PartnerHashNET leaders Dražen Kapusta and Tadej Slapnik joined the UNDP Blockchain Advisory Board alongside leaders from Stellar Development Foundation, Ethereum Foundation, Solana Labs, Algorand Foundation, Cardano Foundation, Celo, and Metis. Partnership focuses on driving blockchain solutions for financial inclusion, transparent governance, and sustainable impact aligned with UN SDGs.
• European Blockchain Services Infrastructure (EBSI)flagshipStrategic or Co-development PartnerHashNET co-develops EBSI-VECTOR project for cross-border public services interoperability. Facilitates seamless EU-wide blockchain integration ensuring compliance with regulatory frameworks and fostering public-private collaborations.
• COTRUGLI Business SchoolcoreStrategic or Co-development PartnerDelivers educational programs and scholarships through CO-LAB initiative, cultivating a community of 2,600+ blockchain-savvy MBA/PhD professionals. Joint bootcamps, hackathons, and MBA programs for blockchain and digital transformation leadership.
• Engineering S.p.A.coreStrategic or Co-development PartnerCoordinator of DOME (Distributed Open Marketplace for Europe) project with €50M budget. Engineering leads overall project management and technical development coordination while HashNET provides blockchain infrastructure.
• AtoscoreTechnology or IntegrationContributes Digital Hub (ADH) platform for secure, scalable multi-sided data solutions to DOME project consortium. Integration with HashNET blockchain infrastructure for enhanced capabilities.
• Gaia-X AISBLcoreStrategic or Co-development PartnerEnsures alignment with European data sovereignty principles and Gaia-X standards within DOME project ecosystem.
• Rimac TechnologyminorStrategic or Co-development PartnerPartnership exploring innovative blockchain applications in event management and fan engagement. Enhances technological capabilities and opens extensive client networks.
• UNIDO (United Nations Industrial Development Organization)flagshipStrategic or Co-development PartnerHashNET participates in UNIDO project for Establishment of Cross-Border Interoperable Infrastructure Node in Tanzania. Collaboration with Tanzanian government stakeholders for digital transformation in East Africa.
• IDUnioncoreTechnology or IntegrationRoot Trusted Accreditation Organization (TAO) used during EBSI-VECTOR pilot phase to simulate national business registry. Provided trusted issuer status for HashNET within EBSI network.
• World Metaverse CouncilminorStrategic or Co-development PartnerHashNET CEO Tadej Slapnik represents the council at global summits. Collaborative framework for ethical, interoperable, and sustainable metaverse development.
• Catalyst 2030minorStrategic or Co-development PartnerHashNET contributes to Academic Hub initiative for transforming higher education institutions into systems change enablers through blockchain and decentralized solutions.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• R3: R3 operates Corda, a permissioned enterprise DLT platform targeting financial institutions and public-sector consortia. Like HashNET, it competes for European institutional and government blockchain deployments with a focus on privacy and regulatory compliance.
• Energy Web Foundation: Energy Web operates a purpose-built enterprise blockchain for the energy sector and is deeply aligned with EU Green Deal / ESG goals. Comparable to HashNET on the energy-efficiency, EU-regulated, vertical-consortium thesis.
• Consensys (Quorum): Consensys maintains Quorum, an Ethereum-based permissioned DLT for enterprise and government use cases. Highly comparable as an enterprise-grade permissioned blockchain competing for the same public-sector and consortium deals as HashNET.
• IOTA Foundation: IOTA uses a DAG-based architecture (Tangle) with feeless transactions and is positioned for IoT, supply chain, and public-infrastructure use cases. HashNET's DAG platform and EU public-sector targeting closely mirror IOTA's strategic positioning.
• Hyperledger (Linux Foundation): Hyperledger hosts permissioned blockchain frameworks (Fabric, Besu) widely used in EU public-sector and enterprise consortia. HashNET's permissioned-blockchain positioning competes with Hyperledger as the default substrate for regulated environments.
• Hedera Hashgraph: Hedera is a hashgraph/DAG-based distributed ledger offering high throughput (10k+ TPS) with council-governed consensus. Comparable to HashNET on architecture choice and enterprise/government positioning.
• Kadena: Kadena offers a braided, parallelized DAG/PoW enterprise blockchain (Chainweb) targeting financial services and supply chain. Direct architectural and go-to-market overlap with HashNET's permissioned enterprise DLT focus.

Emerging players

• Stellar Development Foundation: Stellar sits alongside HashNET on the UNDP Blockchain Advisory Board and targets cross-border payments, tokenization, and financial inclusion — directly intersecting HashNET's settlement, RWA, and EU/public-sector roadmap.

Broad incumbents

• SAP: SAP is a HashNET technology partner that also sells broader enterprise blockchain offerings (SAP Blockchain, BTP integration). Listed as a Minor strategic partner here, illustrating overlap in the enterprise-blockchain distribution stack.

Regional players

• Alastria: Alastria is a Spanish national blockchain consortium built on Quorum/Besu, focused on regulated digital infrastructure for Spanish and Iberian enterprises. Regional counterpart to HashNET's SI-Chain model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks1 record

Key highlights6 records

Customer concentration

• GitHubgithub.com/Tolar-HashNET
• LinkedInlinkedin.com/company/hashnet-d-o-o

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hashnet d.o.o.