Blox Labs Launches “AiBLOX” – Focusing On Integration Solutions for Blockchain and Artificial Intelligence

Blox Labs Inc. (CSE:BLOX,FWB:BR1B) (“BLOX” or “the Company”), a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications is pleased to announce the launch of “AiBLOX”, an internally developed platform that will focus on delivering artificial intelligence (“AI”) for the purpose of blockchain activities, such as crypto-mining & decentralized network securities. Utilizing the Company’s existing corporate infrastrcutre in the areas of project scoping and management, strategic planning and analysis, and Blockchain software development, BLOX will aim to seek out and solidfy partnerships under the AiBLOX banner with entities that are operating within the ecosystem of AI, machine learning, and deep learning. Preliminary discussions with various groups have commenced in this regard.

Blox Labs notes a report by KPMG, with Venture Capital investment in artificial intelligence and machine learing doubling from $6 Billion in 2016 to $12 Billion in 2017, the global marketplace is taking notice of the many benefits that AI may have to offer. BLOX CEO Jeff Zanini states, “We enter this arena after listening to partners and customers inquiring about the cross-section between the two burgeoning technologies. An opportune application of AI in the blockchain space will create superior decentralized networks; improving the ability to target vulnerability, expedite transaction times & organize distributed databases”. Zanini continued, “Amongst other synergies, the immutable and encrypted distributed ledger format which Blockchain employs is a natural fit for capturing and storing the voluminous data upon which artificial intelligence is built. We are eager to advance AiBLOX and assess opportunities that may arise in this flourishing area through the intersection of Blockchain and AI within our existing and future projects”

About Blox Labs

Blox Labs Inc. is a technology development company focused on creating best-in-class software solutions driven by emerging trends in Blockchain, Smart Contracts and Decentralized Applications. BLOX is helping customers with solutions for business problems from proofs of concept through execution. The Company is currently piloting blockchain solutions for supply chain management and improvement as well as other areas. BLOX is actively targeting partnerships and strategic acquisitions of growth companies.

ON BEHALF OF THE BOARD

Jeff Zanini

CEO and Director

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

This news release includes forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. 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 the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this news release are made as of the date of this news release. The Company 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.

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Source: www.thenewswire.com