VANCOUVER, British Columbia, July 13, 2018 (GLOBE NEWSWIRE) -- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (CSE:BLOC) (FSE:BWSP) (OTC Pink:BLKCF) ("BLOC" or the "Company") is pleased to announce that it has received confirmation from Luxembourg-based AmmbrTech that it will provide support for the Laser Network’s Photon token on Blackbird, its cryptocurrency hard wallet. Blackbird is unique as a hard wallet solution because it is completely air-gapped, meaning that it operates in isolation from possibly unsecure networks such as the public Internet, preventing it from being vulnerable to attacks from keyloggers or viruses. Additionally, it is smaller in size than a credit card, and it offers a user-friendly touchscreen interface that is easy to use.
The Photon token is the proprietary cryptocurrency of the Laser Network, which acts as a SWIFT-like network for the hundreds of cryptocurrencies on the market today. It is already set to be the operating cryptocurrency of several of BLOC’s ventures – including the Stratus Marketplace. While the Photon will be a widely-used cryptocurrency based on its own merits as an asset, its compatibility with Blackbird will strengthen Photon’s value proposition. Further, this compatibility will place the Photon into an elite class of cryptocurrencies that can be secured with military-grade technology such as that of Blackbird. With many overlaps between the Laser Network’s functionality and AmmbrTech’s product portfolio, additional future collaborations between the two companies are likely to happen, to leverage their combined strengths.
“We are very excited to have compatibility with the Blackbird wallet,” said Shidan Gouran – President and CEO of BLOC. “Investors whose dealings are in the millions or billions of dollars have been hesitant to have any involvement with cryptocurrencies for the simple reason that most exchange and storage methods on the market are not very secure, with new vulnerabilities being found all the time. Blackbird offers remarkable advantages in terms of security, which will be of interest to big-league investors. Since it will support Laser’s Photon token, such investors will comfortably be in a position to benefit from the Photon token’s abilities, with secure storage that is effectively bulletproof.”
AmmbrTech’s Chief Executive and Founder, Derick Smith added, “Global Blockchain is making great advances with Laser that will transform blockchain and cryptocurrencies. Supporting the Photon on Blackbird will commence a dynamic relationship between our companies and their customers. Laser Network users will have the security of Blackbird, Blackbird users will have the exceptional abilities of Laser’s Photon tokens, and the cryptocurrency ecosystem will be strengthened overall as a result.”
Blackbird’s support for Photon is still being finalized, and will be announced in a separate press release upon its completion.
On behalf of the Company: Shidan Gouran, President and CEO info@globalblockchain.io
For more information, please contact: IRTH Communications, LLC ir@globalblockchain.io 800-689-8089
About Global Blockchain Technologies Corp .
The Company provides investors access to a basket of direct and indirect holdings within the blockchain space, managed by a team of industry pioneers and early adopters of all major cryptocurrencies.
The Company is focused on streamlining the currently arduous, lengthy, and complicated process that interested investors must undergo in order to gain exposure to the cryptocurrency space, with a view to becoming the first vertically-integrated originator and manager of top tier blockchains and digital currencies.
BLOC is listed on the Canadian Securities Exchange (“CSE”) and its common shares trade under the ticker symbol "BLOC." Additional information relating to BLOC is available on SEDAR at www.sedar.com , the CSE at www.theCSE.com , as well as on the Company's website at www.globalblockchain.io .
Cautionary Note Regarding Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved”. Forward-looking information includes, but is not limited to the Company’s goal of streamlining the current arduous, lengthy and complicated process that interested investors need to undergo in order to gain exposure to the cryptocurrency space with a view to becoming the first vertically integrated originator and manager of top-tier blockchains and digital currencies. The Company has no assets and its business plan is purely conceptual in nature and there is no assurance that it will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made, including but not limited to: statements and expectations regarding the ability of the Company to (i) successfully engage senior management with appropriate industry experience and expertise, (ii) gain access to and acquire a basket of cryptocurrency assets and pre-ICO and ICO financings on favourable terms or at all, (iii) successfully create its own tokens and ICO’s, and (iv) execute on future M&A opportunities in the cryptocurrency space; receipt of required regulatory approvals; the availability of necessary financing; permitting and such other assumptions and factors as set out herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in cryptocurrency prices; the estimation of personnel and operating costs; general global markets and economic conditions; risks associated with uninsurable risks; risks associated with currency fluctuations; competition faced in securing experienced personnel with appropriate industry experience and expertise; risks associated with changes in the financial auditing and corporate governance standards applicable to cryptocurrencies and ICO’s; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued development of the Company’s business plan may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that could cause actual results to differ materially from the forward-looking information set out in this presentation, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by laws. Investors are cautioned against attributing undue certainty to forward-looking statements.
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