Block One Capital Provides Update on Finzat

Block One Capital (TSXV:BLOK) has announced an update on progress made by Finzat, which Block One holds roughly a 40 percent interest in.

As quoted in the press release:

Finzat continues to make positive strides in developing relationships among key participants in the US residential mortgage market. Recent talks with a Housing Government Sponsored Enterprise (GSE) have served to highlight opportunities for a synergistic partnership whereby Finzat would bring benefits of blockchain applications to mature, well-established business lines. Senior level discussions continue with a view toward designing application prototypes within the next few months. Furthermore, Finzat has opened a dialogue with a nationally recognized provider of risk management software and consulting services to over 120 institutional clients and several housing GSEs. A framework for a formal arrangement between the two parties is currently being formulated.

In addition, Finzat is scheduled to open discussions early in May 2018 with a European headquartered international financial management company currently servicing hundreds of institutional clients around the globe. Among the firm’s activities are those that involve the assembly and dissemination of sensitive personal data, offering potential for Finzat and blockchain technology.

Click here to read the full press release.