Blockchain Foundry Inc. (“Blockchain Foundry”
or the “Company”) today announces its establishment as a leading developer
of blockchain solutions for businesses and individual consumers. The
Company provides blockchain solutions using several of the most developed
and robust blockchain technologies, with plans for its product offerings
to be interoperable between these different blockchain technologies. A key
focus in Blockchain Foundry’s products will be to provide end users with
the benefits of blockchain technology without requiring them to understand
or know that blockchain technology is powering their experience.
The Company’s initial commercial product, known as Blockmarket, is a
web-based e-commerce platform which will allow online retailers,
entrepreneurs and individual sellers to create and access individual
marketplaces hosted entirely on the Syscoin network, a Company-developed
blockchain platform. Blockmarket will significantly decrease listing costs
incurred by retailers currently using other services and will provide 100%
uptime and state of the art security.
Blockchain Foundry’s first public blockchain initiative was released in
August 2014 and is powered by a token called Syscoin, a cryptocurrency
based on the same algorithm used in the Bitcoin network. Syscoin trades on
multiple digital asset exchanges and has a current market value of more
than US$4 million. Syscoin has already partnered with Microsoft as a
member of Microsoft Azure’s Blockchain-as-a-Service (“BaaS”) platform.
Blockmarket is currently undergoing Microsoft certification and the
Company anticipates that it will be available on the Azure Marketplace
before the end of 2016.
“We are excited to announce the formation of Blockchain Foundry and are
working hard to complete the Blockmarket platform as expeditiously as
possible,” said Dan Wasyluk, President and CEO of Blockchain Foundry. “In
tandem with our product initiatives, we have added additional talent to
our team aimed specifically at raising capital to bolster our development
resources and accelerate the realization of our vision to be a leading
blockchain services company.”