Company:Axel (software company)

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Short description: Tech company


Axel (stylized as AXEL) is a Las Vegas-based software development company. The company specializes in commercial software products related to file sharing.

History

The company was founded in 2005 as StoAmigo.

In 2016, the company received a patent for a secure media distribution system.[1]

In 2018, StoAmigo rebranded as AXEL, short for ‘Autonomous eXchange via Entrusted Ledger.[2] AXEL was granted a patent for its Autonomous Exchange via Entrusted Ledger technology in 2020.[3] The technology uses a token identification system to verify individual transactions and create records of previous transactions.[4] The technology also uses a digital wallet and signature to verify individual users in the blockchain.[5] [6]

In 2019, AXEL received a patent for a secure method of communication between media hosts and clients.[7]

In 2019, AXEL released AXEL Go, a cloud-based file sharing software program. In 2021, AXEL Go was reviewed by Lawyerist, receiving a positive review.[8]

In 2021, AXEL was granted a patent for a media management system to store, organize, and share digital media.[9] Later, the company patented a file sharing system that allows data to be shared without being stored on a server.[10]

As of 2021, AXEL is the 19th-ranked Masternode blockchain project by market cap.[11]

Relationship with Legal Industry

In 2021, AXEL became a member benefit of the Florida Bar.[12] Later, AXEL also partnered with Phi Alpha Delta.[13] AXEL Go was also made available on Theorem, a legal tech marketplace software.[14]

References