Blockchain Prevalence in Non-Financial Sectors are Growing
Blockchain Prevalence According to a research report published by Transparency Market Research, the global blockchain technology market is expected to grow from USD 315.9 Million in 2015 to reach USD 20 Billion by 2024 and at the compound annual growth rate of 58.9% during the forecast years. The demand for blockchain technology is projected to increase rapidly as the technology helps reduce the risks of fraud and identity theft. The proliferation of the Internet of Things is also one of the main factors that drive the market. Some industry sectors may also have the potential to benefit from the growing number of blockchain applications, such as smart contracts, smart property, the non-financial sector, healthcare, and music industries. BLOCKStrain Technology Corp. (OTC: BKKSF), SinglePoint Inc. (OTC: SING), AppSwarm Inc. (OTC: SWRM), Black Cactus Global Inc. (OTC: BLGI), LandStar Inc. (OTC: LDSR)
Adoption of blockchain technology in the retail industry is increasing rapidly. According to another report from Research and Markets, the blockchain in the retail market is expected to reach USD 2,339.5 Million by 2023, up from USD 80 Million in 2018. Blockchain technology could increase efficiency and speed in retail and supply chain transactions as it helps retailers to manage documents, maintain loyalty records, track account inactivity. The report also indicates that increasing venture funding activities will drive the growth of retail blockchain market in Asia-Pacific, while North America is expected to dominate the market.
BLOCKStrain Technology Corp. (OTC: BKKSF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: DNAX). Earlier this week, the Company announced breaking news that it, "has entered into a memorandum of understanding dated July 16th, 2018 (the "MOU") with Spire Secure Logistics Inc., a wholly-owned subsidiary of Friday Night Inc. (CSE: TGIF), to introduce and implement the proprietary BLOCKStrain platform to governments throughout Canada, as well as to procure software contracts and commercial agreements with regulatory bodies and licensed producers within the Canadian legal cannabis industry.
BLOCKStrain and Spire have agreed to collaborate on the design and implementation of security programs and infrastructure for the legal distribution and sale of cannabis. This strategic partnership is being launched with the intent to integrate the benefits of the BLOCKStrain platform into the regulatory framework for medical and adult-use cannabis in Canada.
Spire is a high-level advisory firm that supports clients across the globe in government, finance, resources, heavy industry, and the emerging legal cannabis sector. As a leading provider of strategic advisory services for the legal cannabis industry, Spire has worked closely with governments and companies to design and build security programs and solutions for the sector. Spire intends to work with provincial governments and other regulatory authorities to develop and implement policies and protocols for both retail and online sales of cannabis, focusing on the prevention of organized crime infiltration and black-market diversion.
BLOCKStrain is a technology company based in Vancouver, BC, which has developed a proprietary enterprise software platform that can verify and track cannabis products through an intelligent, blockchain-protected database of strain genetics. By registering the genetic identity of a batch of legal cannabis via a DNA Passport™, BLOCKStrain can automate the task of 'gene-to-sale' tracking and showcase where each verified product was grown, manufactured, shipped and sold. The system is also designed to differentiate between legal cannabis and black-market cannabis by giving consumers, producers and regulators real-time information about verified products. This data is stored and managed by a dynamic real-time, blockchain enabled system that can give real-time reporting to provincial and federal regulators.
Led by former policy and military experts, Spire builds on decades of combined military, policy and law enforcement experience in organized crime, high-risk security and intelligence. CEO, Andy Richards, is a 34-year veteran police officer who specialized as an investigator, supervisor and manager of complex covert investigations. He led many of the largest, most successful organized crime investigations in British Columbia, a number of which focused on organized crime groups and prolific offenders who controlled or targeted elements of the illegal and grey cannabis markets. These investigations led to meaningful tactical and strategic relationships with law enforcement agencies across Canada and around the world.
'Spire is amongst the global leaders in providing regulatory and security programming for the cannabis industry, and BLOCKStrain provides an automated, intelligent and secure software solution that verifies and tracks cannabis products through an immutable record of legal genetics,' said BLOCKStrain CEO, Robert Galarza. 'Together, we are determined to provide a world-class solution in cannabis logistics security to our customers.'
'This partnership is a natural extension of Spire's work in providing advice to governments and security to the regulated cannabis industry,' said Spire CEO, Andy Richards. 'When we saw what BLOCKStrain had created, we understood immediately that this technology has the potential to become a central security and regulatory solution for the cannabis sector.'
The MOU initially provides for the grant of an exclusive right to Spire to introduce BLOCKStrain's technology to one provincial government. If an agreement is entered into with that government, BLOCKStrain will grant Spire the exclusive right to introduce BLOCKStrain's technology to governmental authorities of such other Canadian province(s) and international jurisdictions as may be mutually agreed to by the parties. It is expected that BLOCKStrain will grant Spire stock options and pay Spire a commission in connection with each such agreement, on terms to be agreed to by the parties.
Formalization of the relationship between the companies is subject to entry into of a definitive agreement and, if required, the approval of the TSX Venture Exchange."
SinglePoint Inc. (OTCQB: SING) is a technology and investment company with a focus on acquiring companies that will benefit from its management, potential injection of growth capital and technology integration. The Company announced late last month that it is set to present at NIBA, National Investment Banking Association Conference in New York. In the past six months, SinglePoint completed audits, up-listed to the OTCQB and filed a Form 10 to become a fully reporting company, all with the intention of increasing transparency and allowing for shareholders to have additional flexibility and liquidity. Additionally, Company Executives believe these steps will help attract accretive opportunities for the Company. "NIBA is a great opportunity for SinglePoint. Previously we were unable to effectively present at these large investment banking forums. Now that we have successfully filed our Form 10, the Company has many more accretive opportunities. We look forward to introducing SinglePoint to the family office and institutional investment community through NIBA," stated Greg Lambrecht, Chief Executive Officer of SinglePoint. Additionally, the Company is set to launch the cryptocurrency application and national commercial campaign in the coming weeks. The crypto application, which was co-created with AppSwarm, is planned to launch in the coming days on IOS and Android devices. Once fully published, SinglePoint will be able to launch the national ad campaign that is already approved on multiple national media outlets.
AppSwarm Inc. (OTC: SWRM) is a technology company specializing in the accelerated development and publishing of mobile apps and other software platforms for gaming and business applications and seeks to acquire symmetric business opportunities. AppSwarm recently announced its Crypto Wallet and Last Mile updates. AppSwarm and Singlepoint are set to launch the cryptocurrency application and national commercial campaign during the month of July. The Singlepoint crypto application, which was co-created with AppSwarm, was planned to launch in the in late June on IOS and Android devices. Once fully published, SinglePoint will be able to launch the national ad campaign that is already approved on multiple national media outlets. "This has been a long time coming with many speed bumps and unexpected delays, but that's what happens when you are building an application from the ground up that is this innovative. Couple that with a national ad campaign and we really set the bar high," stated Wil Ralston, President of SinglePoint.
Black Cactus Global Inc. (OTC: BLGI) is a technology development company with a focus on blockchain, machine learning, cryptocurrency, and the Internet of Things. Black Cactus Global recently announced that the Company has secured up to USD 3.6 Million in funding for its India based Blockchain development subsidiary, Black Cactus Global Technologies Pvt. Limited ("BCG-TPL). The Company's BCG-TPL Blockchain team has been achieving significant milestones at its Development Center in the burgeoning 'Fintech Valley' of Visakhapatnam India. The state-of-the-art Vizag Development Center is expected to be fully staffed by mid to late summer to accommodate projected new business, and the Company is planning to develop a second Operations Center in 2019 at the Tech-hub of Hyderabad, India. Hyderabad is known as the HITEC City and is home to major technology development centers for Microsoft, Apple, Google, Oracle, JP Morgan, Facebook and many others. Chairman Harp Sangha commented, "We are extremely grateful to the Board for both this financial backing and the vision for aggressive growth of the Company. Our management, design team and Development Center are all world class and will enable us to deliver Blockchain-based technology platforms and services around the globe. Our planned operation in Hyderabad will put us right in the heart of cyber-central and will provide a powerful opportunity to add to our relationships and build our brand as the leader in Blockchain Technology."
LandStar Inc. (OTC: LDSR), through its wholly-owned subsidiary DATA443™ Risk Mitigation Inc., enables secure data - across local devices, network, cloud, and databases - at rest and in flight. ClassiDocs™, the Company's award-winning data classification and governance technology, provides GDPR compliance, and DSAR management coupled with DLP, CASB, SIEM, and cloud solutions to provide user-enabled, governance-enabled, up-to-date security for every data point, every time. The WordPress-based GDPR Framework enables organizations of all sizes to comply with the GDPR and other privacy frameworks. ClassiDocs™ for Blockchain provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks. The Company recently announced that Data443 Risk Mitigation Inc. has integrated and validated its award-winning data classification and governance platform ClassiDocs with the world leading CyberArk Privileged Account Security Solution. "The vast majority of Fortune 1,000 companies rely on CyberArk to protect their high-value assets and data from an ever-growing risk of cyberattack," said Jason Remillard, Chief Executive Officer and Founder of Data443 Risk Mitigation Inc. "We are thrilled to partner with a true leader in enterprise cybersecurity to offer our award-winning technology and services to customers, partners, and resellers. Data classification is a critical component of any sound cybersecurity practice, in fact, we believe it underpins everything that makes data secure."
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