Sikoba Ltd is incorporated in the UK with the number 10283521. Its registered address is 20-22 Wenlock Road, London N1 7GU.


home of the IOU economy

Sikoba is a decentralised platform based on peer-to-peer IOUs and built on blockchain technology.

Participants who know and trust each other in real life grant each other credit lines in the Sikoba system. They can then pay each other using IOUs which can be cleared; tallied and offset on a rapid and ongoing basis.

These peer-to-peer credit relationships are governed by contracts with specific conditions, fee structures and repayment rules.

Sikoba then allows credit conversion, a system in which payments between participants who do not know or trust each other become possible, by automatically finding trusted intermediaries.


anonymous and transparent

voting on blockchain

Introducing our new project: itugen will be a blockchain platform exclusively for e-voting using the most recent advances in Zero Knowledge protocols & quantum-resistant cryptography. Providing total transparency while ensuring voter anonymity.

Built by Sikoba Research using isekai and Fantom Lachesis.


Maria and Abi are business owners in the same community. By granting each other credit lines and using IOUs, they can reduce the amount of cash they need to transact with each other.

Lee is a well known and member of the community. Tara has just started her business. Although they do not trust each other equally, they can both use Sikoba IOUs to reduce their dependency on money.

Credit Conversion allows Sikoba users who do not know or trust each other transact using IOUs through trusted intermediaries. Sikoba’s basic and most important rule is that a user will only ever have credit exposure to those they have expressly chosen to trust.

Clearing — the same tallying and offsetting of debts and credits that was historically done at village fairs and trade fairs — but on a more rapid and ongoing basis. The result is that money is only needed to repay residual balances rather than the full financial value of all trade. 


Use Cases

Alternatives for


Micro-credits carry very high interest rates, sometimes over 50% annualised. They are also difficult to obtain, especially in areas where the next bank is far away. Bank money will always be needed for some purchases, such as specialised equipment. However, when artisans and merchants start using their own credit on the Sikoba platform for local trade, their reliance on micro-credits may decrease significantly. 


Jump-Starting Local Economies for the World’s Unbanked

In some situations, the poverty is such that even the access to micro-credit is very limited. Here, a system such as Sikoba can help to jump-start local economies. Once people realise that bank money is not absolutely necessary, and have a tool for precisely keeping track of mutual credits and debits, even primitive economics may get a boost.

Inter-Company Credit


Groups of companies that do business with each other on a regular basis, for example because they are located in the same geographical region, will profit from setting up interco credit systems.

Instead of systematically paying each other's invoices, they register invoices in the system and only pay residual balances after periodic clearing. As a result, less bank credit is needed. 


Local Currencies

Setting up local currencies is a natural use case for Sikoba. We aim for an easy set-up that will make it possible to start a local currency even for very small communities. Local currencies using Sikoba will become easily exchangeable with other local currencies. Also, such currencies can be tied to local cost of living indices.

Crisis Money

When a financial crisis hits, local and even central governments may find a need to quickly issue new monetary instruments. Sikoba aims to provide more flexibility than the banking system, while being linked to state-of-the art KYC systems.



Sikoba Ltd


Jul 2016

Green Paper


Jul 2017


Becomes Sikoba's Technology Partner

Oct 2018

Sikoba App

Development Begins 

Nov 2018

Estimated MVP


1Q 2020

Token Presale

Apr 2016

Fantom Foundation Supports Sikoba

Oct 2018

Sikoba Research Sàrl Created

Oct 2018

Sikoba App

Internal Release

Mar 2019

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News & Events

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