Investors looking for value and opportunity in an emerging technology need look no further than BLOXLabs Inc. (CSE: BLOX, Forum) – a boutique tech development company focused on creating best-in-class software solutions with a focus on blockchain technology.
In partnership with Liberty Leaf Holdings Ltd., BLOXLabs has recently developed a state-of-the-art blockchain-based smart contracts ledger for the legalized cannabis industry called CannaBLOX. This is big news in the exploding legal cannabis investment space.
Along with this software app, BLOXLabs has also commenced development of PetroBLOX – a blockchain-based smart contract supply chain management platform for the global oil and gas industry in partnership with industry leader Sonoro Energy Ltd. These are exciting developments that equal strong investment opportunities.
The Company Mission Moving Forward
…”to enable trust,
transparency, and progress.”
BLOXLabs’ mission statement couldn’t be any clearer. As they say, “We love our customers, we love our shareholders, we love technology, and our mission is to please all of you every day. Our morals are based on happiness, dedication, and integrity. We aim to bring a calm state to cumbersome technology projects with our cool and methodical style of communication, so every client says: 'We like you, we really, really like you!'”
Why Blockchain and How it Works
For even the savviest tech investor, the term ‘blockchain’ can bring with it a myriad of technical complexities and contradictions not always easily understood. Or, even imagined just a few short years ago.
In simple terms, a blockchain can be described as “an append-only transaction ledger”. What it means is that the ledger can be written onto with new information, but the previous information, stored in blocks, cannot be edited, adjusted, or changed. This is accomplished by using cryptography to link the contents of the newly-added block with each block before it, such that any change to the contents of a previous block in the chain would invalidate the data in all blocks after it.
Blockchains are consensus-driven. A huge number of computers are connected to the blockchain network and to reduce the ability for an attacker to maliciously add transactions on the network, those adding to the blockchain must compete to solve a mathematical proof. The results are then shared with all other computers on the network. The computers, or nodes, connected to this network must agree on the solution, hence the term "consensus."
This also makes the work of appending data to the ledger decentralized. That is, no single entity can take control of the information on the blockchain. Therefore, we need not trust a single entity since we rely on agreement by many entities instead. The beauty of this construct is that the transactions recorded in the chain can be publicly published and verified, such that anyone can view the contents of the blockchain and verify that events that were recorded into it actually took place.
About BLOXLabs Inc.
BLOXLabs is a technology development company focused on creating best-in-class software solutions driven by emerging trends in blockchain, smart contracts, and decentralized applications (DApps). BLOX is a customer-centric company that is designing real-world solutions for business problems…from proofs-of-concept through execution and beyond. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of high growth companies.
Meet the Team!
Along with cutting-edge technology, BLOXLabs has put in place a world-class management and directorial team experienced in a variety of supply chain and technology-based solutions. BLOXLabs is lead by President, CEO and Director Jeff Zanini – an accomplished senior executive leader in Canada’s Logistics sector for more than 25 years and has successfully led companies to sustainable change.
(click to enlarge)
(click to enlarge)
CEO Jeff Zanini on the BLOXLabs’ customer-centric business model:
“It’s all about owning the customer. You could create the best technology, or you could build the best car, but if you can’t find the driver or the customer you don’t own anything. Our global reach, our contacts, and our business acumen, linked to many different industries, is clearly what sets us apart. And, we’re extremely diversified in multiple vertical industries with a wealth of contacts.”
Introducing CannaBLOX: an industry-leading, blockchain-based smart contract supply chain management platform for the legalized cannabis industry.
In a recent request for public feedback from the B.C. provincial government, IBM submitted a proposal suggesting the use of blockchain technology as a means by which to track and document transactions across the cannabis supply chain. IBM stated, “This type of transparency would bring a new level of visibility and control to the provincial regulators.”
CannaBLOX blockchain software will aim to ease logistical bottlenecks, ensure product safety and quality of supply, minimize fraud and potential criminal activity, and assist with taxation and regulatory compliance across various levels of government within the legalized cannabis marketplace.
Using Ethereum’s smart contract platform, the first stage of the CannaBLOX project will be focused on the itemization of administration panels, mobile applications, and e-commerce architecture. This will allow the program to capture the entire cannabis supply chain…all the way from cultivation and processing to the manufacturing and distribution processes. The completion of the administration panel framework is integral in managing all product categories and partners while the mobile application architecture enables the e-commerce platform to be used for both recreational and controlled distribution.
BLOXLabs and Liberty Leaf Holdings Partnership: Update on the CannaBLOX Cannabis Blockchain Project
On February 22, 2018, BLOXLabs Inc. and Liberty Leaf Holdings Ltd. provided a detailed update regarding the initial Phase 1 development of CannaBLOX – a blockchain-based, smart contract supply chain management platform for the legalized cannabis industry developed in joint partnership.
Recently, BLOXLabs CEO Jeff Zanini had this to say about this about CannaBLOX and its strategic partnership with Liberty Leaf Holdings Inc:
“With the successful completion of our financing we are well capitalized to execute on our business plan as we embark on the next phase of growth for BLOXLabs. Further, the various recent additions to both the management team and board of directors provides bench strength and specific growth oriented corporate experience that will greatly assist in achieving our stated goals and objectives. This added expertise and manpower will benefit the Company as we not only continue development of our existing blockchain projects but also actively target additional partnerships and value enhancing projects for our stakeholders. We thank our shareholders for their continued support and patience and look forward to providing further updates as we make headway on our various corporate development initiatives.”
He later went on to say:
“This is our seed-to-sale cannabis blockchain application in which we’ve had some very interesting developments. It’s just one of our Blockchain-as-a-Service plays that we’re branding moving forward.”
The CannaBLOX Mobile App
BLOXLabs recently announced the successful build-out and testing of the mobile application portion of the CannaBLOX project. This unique mobile application is compatible with Android and iOS systems and allows users to access the CannaBLOX ecosystem where they can perform a number of different key actions. For example, the app can help cultivation companies track the number of seeds they’ve planted, show the progress of the seed’s growth, and count the yield from that crop. Complexity made simple!
(click to enlarge)
BLOXLabs and Sonoro Energy: The Smart Contracts Ledger for the Oil & Gas Industry
On July 19, 2018, PetroBLOX announced Phase 1 development progress on PetroBLOX – BLOXLabs industry-leading blockchain-based smart contract supply chain management platform for the global oil and gas industry.
“Sonoro Energy is providing invaluable input and insight into the real-world issues that plague oil companies as they operate in complex and dynamic domains”, stated Jeff Zanini, President and CEO of BLOX. He continued, “This knowledge will greatly assist in the software build-out of PetroBLOX as we aim to enhance transparency and ultimately benefit the supply chain flow in order to increase efficiencies in an industry which is largely still reliant on manual processes. The development of a Procurement module will be a key piece to this overall puzzle.”
(click to enlarge)
Investor News Update
For investors, Mr. Zanini also pointed out in the Share Capitalization graph below:
“(As per) the voluntary trade and the share lockup to investors, that’s significant. Partner companies, consultants, and large institutional investors know this, too. Also, with our 3:1 forward split, our current outstanding share float is right where the space is for small cap blockchain public companies, right where we need to be with our shares outstanding. And, it was a great way to restructure the company.”
(click to enlarge)
BLOXLabs Provides Corporate Update (Financing Completion and Capital Structure)
On June 19, 2018, BLOXLabs completed a non-brokered, private placement financing for gross proceeds of $1,111,650 via the issuance of 14,821,998 common shares at a price of $0.075 per share. The Company intends to utilize the net proceeds from the Offering for continued development of its blockchain projects, including CannaBLOX, PetroBLOX and other similarly related emerging blockchain technologies as well as for general working capital purposes.
Previously, and prior to completion of the financing, certain major shareholders had entered into voluntary pooling agreements representing 6,200,000 shares of the Company. The terms of the pooling agreement restrict resale of the shares for a period of 18 months effective May 8, 2018. There will be no shares released in any tranches whatsoever during the 18-month lock-up period. In addition to the voluntarily pooled shares as noted above, under regulatory order, 6,166,438 shares of the Company that are held by the previous CEO have been subject to mandatory trading restriction for a period of 60 months effective as of May 7, 2018. As such, in entirety, a total of 12,366,438 common shares of the Company have been restricted from trading for a period ranging between 18 to 60 months.
BLOXLabs 3 for 1 Stock Split
On June 22, 2018, BLOXLabs announced that its board of directors approved a three- for-one stock split of the Company’s common shares held by shareholders as of June 28, 2018. Consequently, shareholders as of the Record Date received, on July 4, 2018, two additional common shares for each common share held. In accordance with the Company’s Articles, shareholder approval was not required for the Stock Split. The Company will not be changing its name, CUSIP or its current trading symbol in connection with the Stock Split.
And finally, CEO Jeff Zanini on the three pillars of the company: Trust, transparency, and progress.
“It’s about blockchain and decentralized applications. The trust and transparency is in the evolution of blockchain technology and where it’s going. And, progress – based on our target markets and ability to move our business forward with blockchain technology and Smart Contract Applications. Executing on these pillars are creating a synergistic effect that’s going to curtail into a successful company and monetization.”
Investors with an eye on a company on the cutting-edge of blockchain technology, well positioned in the cannabis and petroleum markets, and coupled with their global reach and further partnerships should give this undervalued stock a very long look.
www.bloxlabs.ca
FULL DISCLOSURE: BLOXLabs Inc. is a paid client of Stockhouse Publishing.