While one-time transactions on the blockchain are pretty straightforward, setting up future or recurring payments at an unknown future price is a complex task, fraught with security risks, high expenses and requiring fairly comprehensive coding knowledge. It’s a problem that the vast majority of payment automation solutions haven't fully figured out yet, creating a huge opportunity for OAK Network.

The company, which launched in 2020, has been making encouraging progress thus far. It’s forged a number of tech partnerships with well-known blockchain service providers including BiFrost, SubWallet, and Web3Go. As well as this, it's secured substantial funding to grow its headcount and continue working on consumer-friendly DeFi solutions.