BLOK Technologies Inc: Greenstream Technology Accepted as Silver Member of The Linux Foundation and Hyperledger

BLOK Technologies Inc. (“BLOK Tech” or the “Company”)(CSE:BLK) (FRANKFURT:2AD) is pleased to announce that its 100% owned subsidiary Greenstream Technology Inc. (“Greenstream”) has been accepted as a Silver Member of The Linux Foundation and a General Member of Hyperledger.

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. In joining these two prestigious communities, Greenstream will be collaborating in a community with global technology companies such as: IBM, Cisco, Intel, SAP and JP Morgan as well as blockchain start-ups from around the world.

Access to this community provides Greenstream, and its parent, BLOK Tech, with unprecedented support and validation for its technology development initiatives. Together, leading-edge blockchain developers such as Greenstream are contributing to the Hyperledger code-base and building out new technology applications on Hyperledger Fabric, a blockchain framework and one of the Hyperledger projects.

Greenstream has had a working proof of concept of its blockchain network built using Hyperledger Fabric since January 2018. Further testing and development of this proof of concept is underway as Greenstream develops its modular supply chain integrity network for the legal cannabis industry.

“We are honoured to become members of Hyperledger and The Linux Foundation,” said Manu Varghese, Chief Product Officer of Greenstream. “We strongly believe that this association will support Greenstream as we achieve our vision of developing a secure, compliant and trusted enterprise grade blockchain solution for the emerging legal Cannabis industry in Canada. The collaboration through Hyperledger will provide us the resources, tools and relationships to ramp up our development of the Greenstream platform. We are excited to actively participate in the community and to drive the development of a leading-edge blockchain solution for the Canadian market.”

The Linux Foundation has provided unparalleled support for open source communities through financial and intellectual resources, governance structure, IT infrastructure, services, events, and training. Dedicated to building sustainable ecosystems around open source projects, The Linux Foundation is working with the global technology community to solve the world’s hardest problems through open source and creating the largest shared technology investment in history. The Linux Foundation is the umbrella organization for more than 60 open source projects accelerating open technology development and commercial adoption. Hyperledger is the fastest growing open source organization in the history of The Linux Foundation. It now counts over 230 member organizations since its inception in 2016.

About Greenstream: New industry standards for transactions, data integrity + industry insights
Since 2013 Greenstream’s team members have been creating ground-breaking blockchain products for global problems that industry desperately wants to solve. The team’s expertise in blockchain and in launching secure and reliable distributed platforms, is seasoned and committed to creating the best blockchain solution possible for the Cannabis Industry.

For additional information on Greenstream and other information, please click on the link to visit the website at Greenstream Technology

About BLOK Technologies Inc.
BLOK Technologies Inc. is a public company that invests in and develops emerging companies in the blockchain technology sector. The Company’s approach is to provide capital, technology and management expertise to the companies it develops. With core technology being developed for the leading cannabis supply chain integrity network, BLOK Tech continues to grow its business into adjacent industries and emerging technologies. The Company systematically identifies early-stage technologies with potential to disrupt and innovate within their industry and invests the necessary resources to ensure the success of their projects.

For additional information regarding BLOK Tech technologies and other corporate information, please visit the Company’s website at BLOKTECHINC.COM

For further information, please contact:

James Hyland, B.Comm.
Vice President Corporate Development, Director
(604) 442-2425
jamie@bloktechinc.com

ON BEHALF OF THE BOARD OF DIRECTORS

“Robert Dawson”
President & CEO

Statements in this news release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the company can fulfill such forward-looking statements and the company undertakes no obligation to update such statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the company, some of which are beyond the company’s control.

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Source: globenewswire.com