NEW YORK, May 1, 2018 /PRNewswire/ --
According to a report from International Data Corporation, worldwide spending on blockchain solutions is expected to reach
$2.1 billion in 2018, up from $945 million spent in 2017. Rapid
adoption of blockchain technology in various industries drives the growth in blockchain investment. The
United States is expected to hold the largest blockchain investment, followed by Western
Europe, China, and transaction records. In the financial sector, the leading use cases
include regulatory compliance, cross-border payments & settlements, custody and asset tracking, and trade finance &
post-trade/transaction settlements. SinglePoint, Inc. (OTC: SING), Hashchain Technology Inc. (OTC: HSSHF), HIVE Blockchain
Technologies Ltd. (OTC: HVBTF), Atlas Cloud Enterprises Inc. (OTC: ATLEF), Integrated Ventures, Inc. (OTC: INTV)
Bill Fearnley, Jr., research director of Worldwide Blockchain Strategies, said: "Interest and
investment in blockchain and distributed ledger technology (DLT) is accelerating as enterprises aggregate data into secure,
sequential, and immutable blockchain ledgers, transforming their businesses and operations. Many technology vendors and service
providers are collaborating and working with consortiums such as the Enterprise Ethereum Alliance and the Hyperledger Projects to
develop innovative solutions that improve processes such as post-trade processing, tracking and tracing shipments in the supply
chain, and transaction records for auditing and compliance."
SinglePoint, Inc. (OTC: SING) just announced breaking news earlier today that its, "subsidiary ShieldSaver signs
agreement with CarFax to provide detailed information directly to CarFax while being able to pull data from the CarFax system to
further efficiencies within the ShieldSaver mobile application. ShieldSaver is building relationships with industry leaders and
rapidly expanding its presence across the nation through relationships with international airport parking lot management
companies such as WallyPark and LAZ Parking.
ShieldSaver utilizes proprietary License Plate Recognition (LPR) technology, ShieldSaver collects large quantities of
important automotive and consumer data. There are many stakeholders that need access to this data; for instance, insurance
companies have an interest in knowing that a windshield was actually in need of repair and that the repair was soundly completed.
At the same time, much of the data that we collect is private and should only be shared with parties that have a legitimate need
to access the data. As we expand our infrastructure, we will be storing our data in a blockchain based, distributed ledger with
appropriate access controls to ensure that parties who need access to our data can retrieve it in the most secure and efficient
manner.
"We are excited for this new relationship with CarFax, we believe there is a lot of opportunity to expand the relationship
with CarFax. They are a fantastic company, the absolute leader in their space and we look forward to a long, synergistic
relationship," states Wil Ralston President SinglePoint.
SinglePoint recently completed the acquisition of ShieldSaver and with the capital infusion the company has already grown to
new levels and continues to add value to SinglePoint through IP and revenue. The two companies are working together and have
started development of the automotive data collection application that will ultimately tie into SinglePoint blockchain technology
developments."
Hashchain Technology Inc. (OTCQB: HSSHF) recently announced that it has entered into a binding letter agreement (the
"Binding Agreement") to acquire 100% of the outstanding shares of a company ("Target") in consideration for the issuance of 55
million HashChain shares at a deemed price of $0.35 per share (the "HashChain Shares") equivalent
to $19.25 million. "HashChain continues to fulfill our commitment to investors with fast-scaling
cryptocurrency mining operations in ideal low-cost data centres, even as we continue to grow our business in other areas of the
blockchain market," says Patrick Gray, CEO and founder of HashChain. "In under a month, the
Company has increased our Rig count by 6,000 and we will continue to build on this momentum and increase the revenue stream from
our core mining business."
HIVE Blockchain Technologies Ltd. (OTC: HVBTF) announced earlier in April the completion of the second phase ("Sweden
Phase 2") of a multi-phase build-out of a large-scale GPU-based mining complex in Sweden. The
Sweden Phase 2 operation commenced mining at the end of March 2018 and increases the Company's
run-rate energy consumption dedicated to cryptocurrency mining by 6.8 megawatts ("MW") to 17.4 MW, an increase of 65%. "The
completion of Sweden Phase 2 represents an important milestone for the Company as HIVE continues to grow operations and execute
its 2018 development pipeline. Despite recent crypto market conditions, HIVE's current run-rate gross mining margins continue to
be very healthy, and our operating costs on the first phase of Sweden to date have been
materially lower than expected. This growth in our assets and sustained profits combined with our excess cash on hand has us well
positioned to continue creating growth and shareholder value" said Harry Pokrandt, CEO and
Director of HIVE.
Atlas Cloud Enterprises Inc. (OTC: ATLEF) on April 10th advised that facility upgrades at its Washington State Grant County Data Center are advancing as scheduled. As previously reported, Atlas Cloud's
five-megawatt (5.0 MW) Grant County Data Centre is undergoing renovations to become a dedicated Bitcoin mining facility. The
Company is fully funded to complete its facility refit and has engaged an electrical engineering firm. Major distribution
components have been sourced, and the utility company will provide a transformer suited to the proposed needs of the facility. At
this time, electrical and echanical contractors are onsite, and the project is proceeding as planned with anticipated completion
scheduled for Q2/18.
Integrated Ventures, Inc. (OTCQB: INTV) is focused on acquiring, launching and operating companies in the
cryptocurrency sector ("BitcoLab"), mainly in digital currency mining, equipment manufacturing, sales of branded mining rigs
("Nemesis") and blockchain software development ("LoanFunder"). Recently, the company announced that it has entered into an Asset
Purchase Agreement ("APA") with digiMINE, LLC, to acquire certain cryptocurrency assets, consisting of (1) 150 assorted ASIC
miners and related mining equipment and (2) $175,000 in cash, to be used for the purchase of 145 assorted Antminers by
Bitmain Technologies. The remaining capital will be deployed for the build out for the 5,900 sq ft warehouse facility, located in
Marlboro, NJ.
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