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BLOK Technologies Provides Year End Update

BLOK Technologies Inc. (CSE:BLK) (FRANKFURT:2AD) is happy to offer a company replace on its growth achievements in 2018 and description anticipated methods for the brand new yr.

BLOK Technologies Inc. (CSE:BLK) (FRANKFURT:2AD) is happy to offer a company replace on its growth achievements in 2018 and description anticipated methods for the brand new yr.

BLOK Tech’s major focus in 2018 has been the event of blockchain-enabled know-how via its 100% wholly-owned subsidiary Greenstream Networks Inc. (“Greenstream”).

Greenstream’s intention is to develop and commercialize a blockchain-enabled provide chain integrity platform to make sure the secure, authorized and authenticated move of merchandise and worth via the hashish market initially, with additional utility of the know-how in different industries.

BLOK Tech’s progress thus far consists of:

  • In March 2018, Greenstream was accepted as a Silver Member of The Linux Foundation and a General Member of Hyperledger. Hyperledger is an open supply collaborative effort created to advance cross-industry blockchain applied sciences. In becoming a member of these two prestigious communities, Greenstream has been collaborating in a group with international know-how corporations reminiscent of: IBM, Cisco, Intel, SAP and JP Morgan in addition to blockchain start-ups from around the globe.
  • In April 2018, Greenstream introduced that it had accomplished the Minimum Viable Product (“MVP”) of its Greenstream Network, for the Canadian Cannabis {industry}, and likewise introduced the Alpha launch of the Greenstream Payments Platform enabling Canadian Cannabis companies to course of funds & trade worth throughout the Cannabis ecosystem.
  • In July 2018, Greenstream was accepted into the Oracle Scaleup Ecosystem, a world acceleration program for start-ups. The program is designed for start-ups and enterprise capital and personal fairness portfolio corporations to allow hypergrowth and scale.
  • In August 2018, BLOK Tech entered right into a Memorandum of Understanding (“MOU”) with Varipay Inc. (“Varipay”) to collaborate on the event of a fee gateway to be built-in into the Greenstream Network Platform.
  • In August 2018, Greenstream efficiently accomplished a deployment of its funds community and functions to the Oracle Cloud Infrastructure (“Oracle Cloud”). The deployment was absolutely examined and optimized by the Greenstream technical staff and the platform, together with a demo setting, are working easily and at a velocity that’s scalable.
  • In September 2018, BLOK Tech introduced that Visionary Private Equity Group (“VPEG”) and the Company have entered right into a non-binding Memorandum of Understanding (“MOU”) to type a three way partnership for the event of know-how for the true property {industry}. Under the phrases of the MOU, which is topic to the events agreeing upon definitive phrases, BLOK Tech will license its Greenstream blockchain know-how platform to the proposed three way partnership. The events are persevering with to discover how they will work collectively to additional develop and commercialize know-how for the true property {industry}.
  • In October 2018, BLOK Tech added Yari Nieken to its Board of Directors. Mr. Nieken brings intensive expertise within the hashish {industry} and capital markets to his function. Subsequently, Mr. Nieken was named interim-CFO of the Company following the departure of the earlier CFO.
  • In November 2018, BLOK Tech introduced that the Company signed a Memorandum of Understanding (“MOU”) to accumulate 80% of the issued and excellent frequent shares (the “Acquisition”) of The Worx Solutions Inc. (“WORX”). Following a due diligence course of and the expiration of the MOU, the events have determined to not proceed with the transaction.

BLOK Tech additionally needs to announce that it has closed off growth of the Greenstream Network Platform till additional discover. The Company will focus its out there sources going ahead on monetizing the know-how both within the hashish {industry}, different sectors or via integration with different applied sciences.

In addition, the Company intends to discover new rising know-how initiatives which have near-term business viability and to lift additional capital for his or her growth.

About BLOK Technologies Inc.

BLOK Technologies Inc. is a public firm that invests in and develops rising corporations within the blockchain know-how sector. The Company’s strategy is to offer capital, know-how and administration experience to the businesses it develops. The Company systematically identifies early-stage applied sciences with potential to disrupt and innovate inside their {industry} and invests the mandatory sources to make sure the success of their initiatives.

For extra data concerning BLOK Technologies and different company data, please go to the Company’s web site at BLOKTECHINC.COM

ON BEHALF OF THE BOARD OF DIRECTORS
“Robert Dawson”
President & CEO

For additional data, please contact:

James Hyland, B.Comm.
Vice President Corporate Development, Director
(604) 442-2425
jamie@bloktechinc.com

Statements on this information launch could also be considered as forward-looking statements. Such statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these projected. There are not any assurances the corporate can fulfill such forward-looking statements and the corporate undertakes no obligation to replace such statements. Such forward-looking statements are solely predictions; precise occasions or outcomes could differ materially on account of dangers going through the corporate, a few of that are past the corporate’s management.

Click here to connect with BLOK Technologies Inc. (CSE:BLK) (FRANKFURT:2AD) for an Investor Presentation. 

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