TORONTO, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) recently
announced it has entered into a pre-solution design agreement with DigitalRez (“DR”), a British Columbia-based company that is
creating the first blockchain and cryptocurrency enabled property management and reservation platform.
The announced agreement will provide DigitalRez with a fully vetted white paper, which will allowing DR to begin
moving forward with its transition to blockchain enabled reservation systems. “Moving our systems to blockchain technology
will be a great step towards the future for our company. We believe this adoption backed by over 20 years experience in this space
is what will truly set our company apart from all others”, stated Kevin Hall, Managing Director of DigitalRez.
The DigitalRez platform will allow individuals to book reservations and tourism providers to manage reservation
with fiat and cryptocurrency on a state of the art, ever-evolving tourism specific Blockchain. The platform will adopt Syscoin’s
Z-DAG technology to prevent chargeback events and high resort processing fees. Creating a powerful and distinctive reservation
platform that will also allow travelers to create reservations while saving money.
“We’re excited to be working with DigitalRez to help bring the benefits of blockchain technology to the real
estate and property management market while simultaneously reducing costs related to fraud and chargebacks through Syscoin’s
innovative Z-DAG technology”, stated Dan Wasyluk, CEO of Blockchain Foundry.
About Blockchain Foundry Inc.
Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting
services to corporate clients seeking to incorporate blockchain technology in their businesses.
About DigitalRez
With offices in Canada, Barbados and Australia, DigitalRez has been supplying software, support and systems to
the worldwide accommodation, camping and charter industries since 1993.
Media Contact Information:
Christopher Marsh
Chief Financial Officer
(647) 330-4572
Forward-Looking Information
Certain portions of this press release contain “forward-looking information” within the meaning of
applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on
historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,”
“anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that
certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to
identify forward looking information.
Forward looking statements should not be read as guarantees of future events, future performance or results,
and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved,
if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s
current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic,
regulatory, competitive, political and social uncertainties and contingencies. Many factors could cause BCF’s actual results,
performance or achievements to be materially different from any future results, performance, or achievements that may be expressed
or implied by such forward-looking statements.
