Blockchain Foundry Announces Blockchain Development Agreement with Financial Services Client
February 11 2020 - 10:19AM
Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN)
(FWB:8BF) (OTC:BLFDF), a leading North American blockchain
development firm, has entered into a blockchain development
agreement (the “Agreement”) with a large Canadian financial
institution (the “Client”). The Agreement commenced on February 3,
2020 and is valued at approximately C$400,000 over 5 months.
Pursuant to the Agreement, BCF will develop key
infrastructure to power a decentralized identity solution for the
Client. The infrastructure being developed by the Client and BCF
could ultimately be rolled out to any organization which could
benefit from trusted digital identities. BCF has several years of
experience in the digital identities space, has been a member of
the Decentralized Identity Foundation (“DIF”)
(https://identity.foundation/) since 2017 and has contributed to
the development of DIF’s W3C Decentralized Identity
Specification.
About Blockchain Foundry
Inc.
Blockchain Foundry develops and commercializes
blockchain-based business solutions and provides consulting
services to corporate clients seeking to incorporate blockchain
technology into their businesses.
Blockchain Foundry Contact
Information:
Chris Marsh President
cmarsh@blockchainfoundry.co (647) 330-4572
Forward-Looking Information
Certain portions of this press release contain
“forward-looking information” within the meaning of applicable
Canadian securities legislation, which is also referred to as
“forward-looking statements”, which may not be based on historical
fact. Wherever possible, words such as “will”, “plans,” “expects,”
“targets,” “continues”, “estimates,” “scheduled,” “anticipates,”
“believes,” “intends,” “may,” “could,” “would” or might, and the
negative of such expressions or statements that certain actions,
events or results “may,” “could,” “would,” “might” or “will” be
taken, occur or be achieved, have been used to identify
forward-looking information.
Forward-looking statements should not be read as
guarantees of future events, future performance or results, and
will not necessarily be accurate indicators of the times at, or by
which, such events, performance or results will be achieved, if
achieved at all. Readers should not place undue reliance on such
forward-looking statements, as they reflect management’s current
views with respect to future events and are subject to risks and
uncertainties and are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by BCF are
inherently subject to significant business, economic, regulatory,
competitive, political and social uncertainties, and contingencies.
Many factors could cause BCF’s actual results, performance or
achievements to be materially different from any future results,
performance, or achievements that may be expressed or implied by
such forward-looking statements.
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