TORONTO, Feb. 11, 2020 (GLOBE NEWSWIRE) -- 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.