Axel (software company)

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

1. ↑ https://patents.google.com/patent/US9363563B2/
2. ↑ https://www.newsbtc.com/interview/interview-axel-allows-users-to-take-control-of-their-data-jeremy-forsberg-cmo-vp/
3. ↑ https://patents.google.com/patent/US10855446B2/
4. ↑ https://patents.google.com/patent/US20190325432A1
5. ↑ https://patents.google.com/patent/US20200311721A1/
6. ↑ https://patents.google.com/patent/US20210012332A1
7. ↑ https://patents.google.com/patent/US10362196B2/
8. ↑ https://lawyerist.com/reviews/document-management-automation/axel-go/
9. ↑ https://patents.google.com/patent/US20210181936A1/
10. ↑ https://patents.google.com/patent/US20210224410A1/
11. ↑ https://masternodes.online/
12. ↑ https://www.prweb.com/releases/axel_announces_joining_with_the_florida_bar_and_launch_of_axel_go_apps_new_business_tier_subscription_designed_for_the_legal_industry/prweb17874521.htm
13. ↑ https://www.globenewswire.com/news-release/2021/10/18/2315723/0/en/AXEL-Announces-Partnership-with-Phi-Alpha-Delta-Law-Fraternity-as-Preferred-Privacy-Security-Data-Solution-for-Legal-Industry.html
14. ↑ https://www.globenewswire.com/news-release/2021/07/14/2262459/0/en/AXEL-Brings-Industry-leading-Data-Privacy-and-Security-Capabilities-to-Theorem-s-Innovative-Legal-Tech-Marketplace-with-its-Decentralized-File-Sharing-Application-AXEL-Go.html

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