Blackchain Solutions Inc. (CSE:BIS.CN) -
Breaking News - April 26, 2018
BlackChain Solutions Inc. Signs LOI with DMG Blockchain Solutions Inc. to Bring
P2P Lending to the Cryptocurrency Market
Vancouver, British Columbia --April 26, 2018 -- Blackchain Solutions
Inc. (CSE:BIS.CN)
announced today that it has signed a letter of intent with DMG Blockchain
Solutions Inc., (DMG) a TSX Venture Exchange listed company (TSXV:DMGI), to
license DMG’s Prometheus technology for deployment as part of BlackChain’s P2P
Lending Platform. Under the proposed license, BlackChain will retain exclusive
rights for use of the technology for P2P Lending. DMG will be entitled to a
royalty on commercial revenues generated by Blackchain using the technology. The
parties intend to negotiate and finalize a definitive agreement by May 15th,
2018.
Prometheus is one of the first browser-based blockchain technologies developed
by a Silicon Valley-based leader in blockchain and artificial intelligence -
Blockseer. Blockseer, which has expertise from Harvard and Stanford, was
recently acquired by DMG early in 2018.
The platform allows users to seamlessly connect on the blockchain via a
traditional web browser, such as Chrome and Firefox. This drastically reduces
the barriers to entry for blockchain participation. Daniel Reitzik, CEO and
Director of DMG commented that “we are extremely pleased to be partnering with
BlackChain on their first commercial venture. Promet heus
represents the next generation in blockchain technology, whose simplified,
browser-based platform is opening up whole new markets in the cryptocurrency
space. We hope that this LOI will be just the beginning in a growing
relationship between DMG and BlackChain.”
Integrated with BlackChain’s P2P Lending Platform, Prometheus opens the door to
cryptocurrency asset lending for individuals, without the need of traditional
banks. This opens up both sides of the trillion USD credit debt market to
individual users. BlackChain’s P2P Crypto-Lending Platform also provides users
with the opportunity to leverage their existing cryptocurrency holdings to
turning a static, speculative holding into a yield-bearing investment.
Zayn Kalyan, BlackChain’s Chief Technology Officer commented on this agreement:
“DMG and Blockseer have developed a truly next-generation blockchain platform
with Prometheus. As the crypto space matures, evolutionary approaches to system
design will be the foundation for growth. Prometheus will enable BlackChain to
deliver a cutting-edge product in our P2P Lending Platform. We look forward to
working with DMG on other projects in the future.”
About BlackChain Solutions Inc. (CSE: BIS) (“BlackChain”)
BlackChain Solutions Inc. is a financial analytics and risk management company
that is leveraging blockchain technology to transform lending for the rapidly
emerging cryptocurrency economy. Building on an industry-proven credit-risk
database and software platform, BlackChain provides the tools and services to
bring cryptocurrency lenders and borrowers together, with confidence.
BlackChain is a publicly-traded company listed on the Canadian Stock Exchange (CSE);
trading symbol BIS (C.BIS or BIS.cn). For more information about our company
please contact us at +1 (604) 602 0001 or visit www.blckchain.ca
BlackChain Solutions Inc.
Geoff Balderson
CEO
Forward-Looking Information
This press release may include forward-looking information within the meaning of
Canadian securities legislation, concerning the business and trading in the
common stock of Blackchain Solutions Inc. Such information is based on
assumptions made by the company's management. Although the company believes
these assumptions are reasonable, undue reliance should not be placed on the
forward-looking information because the company can give no assurance that they
will prove to be correct. These forward-looking statements are made as of the
date of this press release and the company disclaims any obligation to update
publicly any forward-looking information, other than as required by applicable
securities laws.
The CSE has not reviewed, approved or disapproved the content of this press
release
SOURCE Blackchain Solutions Inc.
Blackchain Announces Private Placement
Vancouver, British Columbia --Feb 20, 2018 -- Blackchain Solutions
Inc. (CSE:BIS.CN)
announces a private placement of up to 3,400,000 units at a price of $0.18 per
unit, for gross proceeds of $612,000. Each unit consists of one common share and
one share purchase warrant. Each warrant is exercisable at a price of $0.22 per
share for a term of two years.
Proceeds generated from this financing will be used to initiate and support the
filing of multiple patents and trademarks related to the Blackchain Crypto
Credit Rating API and P2P Lending Platform. A portion of the proceeds will also
support the expansion of the Blackchain development team and upgrades to the
company’s IT infrastructure. The remainder of proceeds will be used for working
capital and marketing.
About Blackchain Solutions Inc. (CSE: BIS) (“Blackchain”)
Blackchain Solutions Inc. is a financial analytics and risk management company
that focuses on the cryptocurrency economy, leveraging blockchain technology.
Building on over 20 years experience in the financial industry, providing
services to some of the world’s largest financial institutions, Blackchain
provides the tools and platform that will transform the lending industry.
Blackchain is a publicly-traded company listed on the Canadian Stock Exchange (CSE);
trading symbol BIS (C.BIS or BIS.cn). For more information about our company
please phone us at 1-604-602-0001.
Blackchain Solutions Inc.
Geoff Balderson
CEO
Forward-Looking Information
This press release may include forward-looking information within the meaning of
Canadian securities legislation, concerning the business and trading in the
common stock of Blackchain Solutions Inc. Such information is based on
assumptions made by the company's management. Although the company believes
these assumptions are reasonable, undue reliance should not be placed on the
forward-looking information because the company can give no assurance that they
will prove to be correct. These forward-looking statements are made as of the
date of this press release and the company disclaims any obligation to update
publicly any forward-looking information, other than as required by applicable
securities laws.
The CSE has not reviewed, approved or disapproved the content of this press
release.
Source: Blackchain Solutions Inc. (CSE:BIS)
Blackchain Announces Closing
of Private Placement and Changes to the Board of Directors
Vancouver, British Columbia --Jan, 2018 -- Blackchain Solutions Inc. (CSE:BIS.CN)
aannounces the closing of its non-brokered private placement announced November
7, 2017. A commission was paid on a portion of the private placement.
On closing the Company issued 25,000,000 units at a price of $0.075 per Unit for
gross proceeds of $1,875,000. Each Unit was comprised of one common share and
one transferable share purchase warrant. Each warrant entitles the holder to
purchase one common share of the Company at a price of $0.10 per share for three
years from closing of the private placement. A finders’ fee of $79,397 cash and
1,058,632 warrants were issued. Each finder’s fee warrant entitles the holder to
purchase one common share of the Company at a price of $0.10 per share for a
period of three years, expiring January 17, 2021.
The shares and any shares that are issued pursuant to the exercise of the
warrants and the finder’s fee warrants are subject to a four-month hold period
from the closing of the private placement.
The proceeds of the private placement will be used to launch the BlackChain P2P
lending platform, built on top of the BlackIce ERA software suite. The company
will announce more detailed information regarding the launch of this new
platform in the coming weeks.
Corporate Up-Dates
The Company further announces that Judy Kalyan has resigned as a director, Chief
Executive Officer, Chief Financial Officer and Executive Chair of the Company.
The board of directors would like to thank Ms. Kalyan for her dedication and
contributions to the Company and wish her every success in her future endeavours.
Dale Paruk, a director of the Company, passed away last month. The Company sends
its condolences to his family.
The Company wishes to fill the board vacancies created with the appointment of
Geoff Balderson as a director and Chief Executive Officer of the Company and
Zayn Kalyan as a director, Chief Technology Officer and interim Chief Financial
Officer
Geoff Balderson
Mr. Balderson has over 17 years of capital market experience and is the
President of Flow Capital Corp. and Harmony Corporate Services Ltd., both
private consulting companies located in Vancouver, BC. Mr. Balderson is an
officer and director of several other TSX Venture listed companies. Mr.
Balderson is a former Investment Advisor with two Canadian Securities dealers,
and a graduate of the University of British Columbia.
Zayn Kalyan
Mr. Kalyan is an experienced manager and software engineer who has been in
fintech space for nearly 10 years. He has served in upper management of
BlackChain, formerly BlackIce Enterprise Risk Management, since the Company went
public in 2014. He has hands- on experience in the day-to-day management of a
public company and has directed the development of multiple software products
for the financial industry. As CTO of Blackchain he oversees and participates
directly in the development of the Company’s ERA data platform and successfully
delivers it to leading financial institutions globally. Having been involved in
the blockchain space since the inception of Bitcoin, he brings a strong
technical and business background to the leadership of BlackChain.
About Blackchain Solutions Inc. (CSE: BIS) (“Blackchain”)
BlackChain Solutions Inc. is a financial analytics and risk management company
that focuses on the cryptocurrency economy, leveraging blockchain technology.
Building on over 20 years experience in the financial industry, providing
services to some of the world’s largest financial institutions, BlackChain
provides the tools and platform that will transform the lending industry.
BlackChain is a publicly-traded company listed on the Canadian Stock Exchange (CSE);
trading symbol BIS (C.BIS or BIS.cn). For more information about our company
please contact us at +1 (604) 602 0001 or visit www.blckchain.ca
BlackChain Solutions Inc.
Geoff Balderson
CEO
Forward-Looking Information
This press release may include forward-looking information within the meaning of
Canadian securities legislation, concerning the business and trading in the
common stock of Blackchain Solutions Inc. Such information is based on
assumptions made by the company's management. Although the company believes
these assumptions are reasonable, undue reliance should not be placed on the
forward-looking information because the company can give no assurance that they
will prove to be correct. These forward-looking statements are made as of the
date of this press release and the company disclaims any obligation to update
publicly any forward-looking information, other than as required by applicable
securities laws.
The CSE has not reviewed, approved or disapproved the content of this press
release
SOURCE Blackchain Solutions Inc.
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About Blackchain Solutions Inc.:
BlackChain Solutions Inc. is a financial analytics and risk management company
that is leveraging blockchain technology to transform lending for the rapidly
emerging cryptocurrency economy. Building on an industry-proven credit-risk
database and software platform, BlackChain provides the tools and services to
bring cryptocurrency lenders and borrowers together, with confidence.
BlackChain believes in supporting the growing crypto economy and exists to
provide software solutions and infrastructure to new and existing companies,
allowing them to leverage our technology and expertise to develop and grow their
business.
Using our existing technology for financial risk management and credit rating,
combined with a next-generation blockchain developer platform, BlackChainis
bringing credit and lending to the crypto economy.
Solutions
BlackChain Solutions’ products and services support businesses looking to
expand, diversify, or pivot into the cryptocurrency space. Whether already
operating in the blockchain economy or looking to transition to the next
generation of technological management and automation, BlackChain Solutions has
the data streams, support infrastructure, and blockchain development platform
for businesses to succeed in this new industry.
P2P LENDING PLATFORM
A blockchain-based platform for P2P cryptocurrency lending that leverages our
industry-validated credit rating methodology
CRYPTO CREDIT RATINGS
API combines traditional credit rating data with emerging blockchain behavior
modelling, to assign credit ratings to cryptocurrency wallets
BLOCKCHAIN CREDIT ANALYTICS AND BIG DATA
A distributed blockchain datastore for credit loss data to be leveraged by
multiple stakeholders and third parties.
CRYPTO CREDIT RATINGS
API combines traditional credit rating data with emerging blockchain behavior
modelling, to assign credit ratings to cryptocurrency wallets
PROMETHEUS: BROWSER BASED BLOCKCHAIN APPLICATION PLATFORM
BlackChain’s next-generation, browser-based blockchain platform can be used for
a wide variety of decentralized applications
Who We Serve
BlackChain Solutions has the products and services for a wide variety blockchain
businesses. Our clients range from cryptocurrency exchanges, blockchain
application providers, and ICO’s, to traditional banks, developers, miners,
remittance services, and existing companies looking to transition their business
onto blockchain technology
BLOCKCHAIN ENTERPRISE
BlackChain provides foundational infrastructure to blockchain businesses through
our blockchain development platform Prometheus, Credit Scoring API, data
analytics, platform plugins, and innovative software solutions.
DEVELOPERS
Prometheus is a next-generation development platform for browser-based DApps
that can be licensed for third-party development or form the basis for
collaborative projects.
CRYPTO ENTHUSIASTS
Our P2P Lending Platform and Credit Scoring System provide to value and
opportunity to cryptocurrency portfolios for Cryptocurrency enthusiasts, HODLers,
and early adopters who form the foundation of the emerging crypto economy.
INVESTORS
BlockChain Solutions provides value for investors seeking exposure to an
emerging and disruptive industry through a traditional operational approach that
shields investors from the volatility of what is still a highly speculative
market.
Investor Deck
BlackChain Solutions is dedicated to providing value and service to our
investors.
Benefit from exposure to an emerging asset class, while remaining shielded from
the volatility of a highly speculative industry. Own shares in a company with a
traditional business methodology and start-up structure that is operating in an
emerging and highly disruptive industry.
SOURCE: http://blckchain.ca
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