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AXS Blockchain Solutions (CSE:BAXS) has announced it has acquired all of the outstanding share capital of Chainlinks Lab for total consideration of C$4 million. As quoted in the press release: Chainlinks is a privately held technology company based in British Columbia that focuses on the integration of blockchain-based systems with artificial intelligence (AI) technology within …
AXS Blockchain Solutions (CSE:BAXS) has announced it has acquired all of the outstanding share capital of Chainlinks Lab for total consideration of C$4 million.
As quoted in the press release:
Chainlinks is a privately held technology company based in British Columbia that focuses on the integration of blockchain-based systems with artificial intelligence (AI) technology within existing legacy businesses.
Chainlinks’ focus is to implement blockchain solutions in telecommunications, logistics, payment, and billing systems to make these markets more efficient, secure, and traceable, and enterprise ready. With this acquisition, AXS Blockchain will have access to new markets, established blockchain and AI development teams across Vancouver, Burnaby, Kelowna and Denver, as well as current and future and product roadmaps.
Ashik Karim, Founder and CEO of Chainlinks commented, “I’ve spent the last two decades working with enterprise clients to select and implement large-scale software platforms to maximize return and minimize risks. Clients have approached me over the last year to find clear, realistic and valuable uses for blockchain. With all the marketing and hype, Chainlinks was born with the mandate to identify and deliver on real business use cases that fulfill the promises of enterprise blockchain.”
Chainlinks is in the final development phase of a platform called “1Shift Logistics”. The platform aims to solve the fragmented marketplace of suppliers that still use outdated legacy systems that require a manual workforce for routine and simple tasks. The lack of real-time transparency and visibility along with human error for low-level repetitive tasks can be solved with 1Shift Logistics. Initial trials will commence in December 2018, with beta testing estimated to start in January 2019.