BLOXLabs Inc. (CSE: BLOX, Forum) – a tech development company focused on creating best-in-class software solutions, smart contracts, and decentralized applications with a focus on blockchain technology – has announced the launching of two exciting new offerings.
“AiBLOX” is an internally-developed software platform that will focus on delivering artificial intelligence (“AI”) for the purpose of blockchain activities, such as crypto-mining & decentralized network securities. Utilizing the Company’s existing corporate infrastructure in the areas of project scoping and management, strategic planning, analysis, and Blockchain software development, BLOX will aim to seek out and solidify partnerships under the AiBLOX banner with entities that are operating within the ecosystem of AI, machine learning, and deep learning. Preliminary discussions with various groups have commenced in this regard.
“BLOXsmart” is BLOXLabs’ new proprietary Blockchain-as-a-Service (“BaaS”) Smart Contract Model. BLOXsmart aims to ease the difficulties associated with the generation of Blockchain Smart Contracts which is the evolution of Global Blockchain Applications. Blockchain initially gained fame as the underlying technology used by Bitcoin in 2008 and furtherance as the backbone structure for all 1600+ cryptocurrency and alternative coins “altcoins”, including Ethereum and beyond. Ethereum revolutionized the Blockchain application by understanding the future possibilities of the DApps (Decentralized Applications) using individual nodes as consensus algorithms versus today’s world where corporate infrastructure relies on one central authority or main server allowing for increased threat of cyberattack or malicious intent. The decentralized application of blockchain creates immutable record keeping and enables trust enhancing peer-to-peer transactions thereby removing intermediaries. As governments and organizations all begin to see the benefits of streamlining archaic processes with the evolution of blockchain smart contracts, there is more pressure on technology partners to make the process painless with an “ease-of-use” methodology.
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FULL DISCLOSURE: BLOXLabs Inc. is a paid client of Stockhouse Publishing.