$ITMC - news on new contract for rapid virus testing

New Post Public Reply Private Reply Replies (0) Message Board
Lee Adams
89
$ITMC - news on new contract for rapid virus testing system:

ITOCO Completes Blockchain Smart Contract for Immutable Virus Test Result Verification System

TORONTO, ON / ACCESSWIRE / October 1, 2020 / ITOCO INC. (OTC PINK:ITMC) has successfully completed and deployed the blockchain portion of its patent-pending Immutable Virus Test Result Verification System to the Ethereum Ropsten test network.

This important first step in commercializing the patent-pending technology, acquired through its previously announced agreement with DATANet Software, and making it available to prospective clients and partners in several key industries hardest hit by virus related issues including casinos, cruise lines, airlines, live music and sports, and tradeshows.

Key benefits that those industries will receive include:

Ability to open and expand operations sooner and more safely

Providing customers and employees with transparent view of safety processes and results

Taking an industry leadership role in demonstrating solutions to returning to pre-pandemic operations safely

More information on how those industries can use and benefit from this system is available on the ITOCO blog post https://blog.itoco.net/5-major-industries-tha...-covid-19/

"The smart contract we have deployed provides for adding verified users through a combination of biometric and blockchain identifiers, adding verified virus test machines that can write immutable result data to the blockchain and immutable test result querying functionality." said Greg Marlin, CEO/CTO of DATANet and author of the smart contract that was deployed. "The next step in commercializing this patent-pending technology is to complete the administration software, development for which is currently underway. We expect to have an announcement on its completion shortly."

"The test network deployment is an exciting development on our path to commercializing our patent-pending technology and affirms our commitment to commercializing our intellectual property for the benefit of customers, partners and investors." said Michael Paul, CEO of ITOCO.

About ITOCO Inc.:

ITOCO's mission is to be a global leader in developing, distributing, and producing Bio Tech related technologies and methodologies in a compliant environmentally friendly manner. ITOCO Inc. trades on the OTC Markets, symbol: ITMC. ITOCO is a 5-year-old publicly quoted specialty Bio Tech development, production and distribution company based in Toronto, Canada and Nevada USA. ITOCO seeks to partner with outstanding individuals and companies within this field to joint venture, research, and co-develop Bio Tech related products and technologies to the market.

About DATANet Software Development Corp.:

Blockchain represents the next Internet for disrupting business models and making new categories. DATANet's

Smart Contract Management Software Platform makes it easy for any business or entrepreneur to get started taking advantage of that. www.datanetcorp.com

Forward-Looking Statements

This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, potential, intends, plans, hopes, or similar expressions. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements.

CONTACT:

ITOCO INC.
Michael Paul
ir@ITOCO.net
+1 (905) 829-5000
http://www.itoco.net

SOURCE: ITOCO Inc.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

FC2 Condom Educates NYC on Health and Wellness

Updated Category News Views 0

Union Square Becomes a Hub of Interactivity The heart of NYC pulsed with purpose as FC2 Female Condom set up shop in Union Square, using the iconic location as a stage for a different kind of celebration. Clear Future, the manufacturer behind FC2, marked Global Female Condom Day with an event unlike any other. It wasn't just about the product—it was a call to educate...

Continue Reading
RxWellness Hits Inc. 5000—Four Straight Wins Impress

Updated Category News Views 3

RxWellness Spine & Health Continues to Impress Well, not many companies can boast about snagging a spot on the Inc. 5000 list four years in a row, but here we are with RxWellness Spine & Health doing just that. Sitting pretty at No. 1,230 nationally—and that's no small feat—these folks are making waves in the healthcare industry. Securing the No. 135 spot in...

Continue Reading
Lumicell Expands LumiSystem in Breast Cancer Surgery

Updated Category News Views 2

Innovation in Breast Cancer Surgery: A Real-World Game Changer? You’ve got your flashlight guiding a scared child through the dark, and in the healthcare world, Lumicell is promising to do just that for surgeons navigating the tricky maze of breast cancer surgery. Their LumiSystem is making waves in breast-conserving surgery—new kid on the block with a real chance at...

Continue Reading
MasterBrand's 2027 Kitchen Trends: Embrace Warmth

Updated Category News Views 0

Wood Finishes and the Warm Embrace Alright folks, let's cut through the fluff and get to the heart of the matter: wood finishes are making a roaring comeback in 2027 kitchens. And it's not just some passing phase, we're talking a comprehensive shift toward warmer and more natural kitchen designs. MasterBrand, Inc. isn't just throwing darts at a board here. They surveyed a...

Continue Reading
Orthopedic Expert Highlighting Midwest Pain Access Gaps

Updated Category News Views 0

Over in the vast sprawl of rolling plains and prairie winds, folks in the Upper Midwest are grappling with an ironic reality. As technological advancements blaze trails, people suffering from vertebrogenic pain are finding themselves up against a wall of limited access to specialized care. We’ve got Dr. James T. Brunz, the man of the hour, one of only about 15 Intracept...

Continue Reading
Inovonics Duress Card Enhances Safety for K-12 and Beyond

Updated Category News Views 0

A New Dawn for Safety in Schools and More It's about time we talk about something more substantial than just beefing up security cameras or tightening door locks. Real-world problems require nimble solutions, and that's where Status Solutions steps in with the Inovonics Duress Card. It's not just another gadget; it's a lightweight, wrist-mounted lifeline designed to say,...

Continue Reading
G-STAR & Wu-Tang Clan Unleash Denim Fusion

Updated Category News Views 0

Denim and Old-School Beats: A Fresh Partnership Just when you think fashion collaborations have run their course, along comes something worth the buzz. This fall, G-STAR, the edgy Dutch denim frontrunner, and the legendary hip-hop collective of Wu-Tang Clan are shaking up the apparel scene, blending raw denim with raw rap. It's a multi-year collaboration that doesn't slap...

Continue Reading
MSP360 Unveils Free Proxmox Backup: A Game Changer?

Updated Category News Views 3

Backing Up: New Paths for Proxmox Users Ever get that feeling of uncovering something truly worth its weight in gold? That's what MSP360 just dropped on us, with their new backup solution for Proxmox that won’t cost you a dime upfront. They're calling it the Community Edition, and it’s not only free, but it comes with all the bells and whistles for protecting those...

Continue Reading
CSS Revamps Identity, Emphasizing Senior Living Tech

Updated Category News Views 0

CSS Takes a Bold Step with a Fresh Brand Identity Every now and then, you see a company shake off the old coat and put on a polished new one. That's what CSS is doing with its updated brand, staking its claim as a heavyweight tech player in the senior living sector. No small feat, given the challenges stacked against these aging communities—tasked with keeping...

Continue Reading
Alcott HR's Sales Strategy Gets a Boost with New Hire

Updated Category News Views 0

Alcott HR Ramps Up Sales Firepower Now here's something fresh from the world of human resources outsourcing—Alcott HR has grabbed a new ace for their sales team. Eldin Radoncic is the name you'll want to remember, folks, because he's diving headfirst into the Director of Sales seat at this IRS Certified and ESAC Accredited player based out in good old Farmingdale, New...

Continue Reading

Top 5 Most Recently Viewed Articles

North America Concrete Pump Market Growth Insights

Updated Category News Views 64

Overview of the North America Concrete Pump Market The concrete pump market in North America is expected to grow significantly, reaching a market size of USD 1,491.3 million by 2024. With a compound annual growth rate (CAGR) of 5.6% projected for the forecast period, the market is anticipated to reach USD 2,562 million by 2034. This growth indicates a substantial increase...

Continue Reading
Hunter Nation Mobilizes $1.8 Million Campaign for Court Election

Updated Category News Views 275

Hunter Nation Launches a Major Campaign for Voter Activation Hunter Nation, a prominent grassroots organization focused on hunting advocacy, is set to energize conservative voters with a groundbreaking campaign worth over $1.8 million. This initiative aims at rallying support for Judge Brad Schimel as he runs for the Wisconsin Supreme Court, emphasizing the necessity of...

Continue Reading
Hesai Group's Global Offering: A Significant Step in Lidar Technology

Updated Category News Views 215

Hesai Group Initiates Global Offering Hesai Group, the prominent player in three-dimensional light detection and ranging (lidar) solutions, recently unveiled its global offering comprising 17 million Class B ordinary shares. This offering combines a public offering in Hong Kong, starting soon, with an international component that kicked off immediately. Their shares will...

Continue Reading
Alterity Therapeutics Advances Neurological Treatments Through Innovation

Updated Category News Views 149

Alterity Therapeutics Showcases Innovation at the International MSA Congress Alterity Therapeutics, a leading biotechnology firm involved in the development of transformative treatments for neurodegenerative diseases, has made headlines with its recent presentations at the International MSA Congress. The congress, organized by Mission MSA, serves as an important platform...

Continue Reading
Interlink Electronics Pursues Strategic Acquisition Adventure

Updated Category News Views 79

Interlink Electronics Pursues Growth Through Acquisition Interlink Electronics, Inc. (Nasdaq: LINK), based in Fremont, California, is embarking on an exciting growth journey by pursuing an acquisition. The company has signed a non-binding Letter of Intent to acquire a confidential, privately held company located in the United Kingdom. The acquisition is valued at...

Continue Reading