JAAK
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
JAAK developed blockchain infrastructure for recording music rights, ownership and payment information through its KORD pilot network.
02 / JAAK FAILURE REASONS
Failure reasons
In its shutdown explanation the team said it remained pre-revenue, could not secure the financing needed to reach market and did not adapt fast enough as the market changed. Its comments also cautioned against scaling before sufficient user demand.
03 / EVENT HISTORY
Events in the structured record
- Online properties scheduled to close
A March announcement scheduled most online properties to go offline from the end of the month.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Pre-revenue development continued
- 02
Market changed faster than the team adapted
- 03
Financing needed to reach market was not obtained
- 04
Most online properties scheduled offline