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Toronto, Ontario, March 13, 2018 – GreenBank Capital Inc. (CSE: GBC and OTCMKTS: GRNBF and FRA; 2TL) (“GreenBank or the Company”) announces that Daniel Wettreich, its CEO, was interviewed about blockchain by BOOM, India’s digital news network. Jency Jacob, Managing Editor of BOOM, interviewed Daniel Wettreich at the recent NASSCOM-WCIT technology conference, and the 6 minute video has now been released for distribution and can be seen at https://youtu.be/fEcBD9BPaaQ
The interview captures Daniel Wettreich’s views on blockchain technology, and touches upon –
- What is blockchain technology
- How blockchain has developed beyond cryptocurrency
- Why blockchain should be adopted by companies and governments
- Demystifying the myth of blockchain being confused as cryptocurrency and vice-versa
- Blockchain identification
- Role of identification and its importance
- Utility of blockchain outside of financial sector
- How blockchain adds to the existing identification project (Aadhar) in India
- The India cryptocurrency market
- Cryptocurrency has a limited future, if not linked to identification
Over 2,500 attended NASSCOM-WCIT, the largest technology conference in Asia, which was held in Hyderabad, India, during which Daniel Wettreich was invited to discuss the impact of blockchain in the digital age.
GreenBank’s portfolio company Blockchain Evolution Inc recently successfully cloned its EvolveChain identification based blockchain, and can now create multiple versions of the EvolveChain blockchain, each of which can be modified for specific targeted commercial and governmental uses. The primary differentiation between EvolveChain and other blockchains is that EvolveChain is based on user identification. EvolveChain is currently being utilized by the identification based GreenCoinX cryptocurrency, and is also the basis for an ongoing blockchain project designed to create anti-fraud blockchains for use by governments worldwide. Blockchain Evolution has also contracted with Medik Blockchain Inc, a GreenBank subsidiary, to create a custom designed blockchain solution providing medical confidentiality systems for the healthcare community. Other blockchain projects are now being targeted by the EvolveChain team.
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols CSE: GBC and OTCMKTS: GRNBF and FRA: 2TL),and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s portfolio companies comprise equity investments in 12 small cap businesses, namely; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 27% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 14% of Slabdeck Technology Inc, developers of a search mobile application; 15% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain; 15% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process; 19% of Inside Bay Street Corporation, a financial news communications company; 27% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; 19% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; and 19.62% of Minfocus Exploration Corp (TSXV: MFX), a mineral exploration company.
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.