eXeBlock Begins Trading on the CSE

The Canadian blockchain industry just got a little bigger.
On Wednesday (November 15), the Canadian Securities Exchange approved the listing of the common shares of eXeBlock Technology (CSE:XBLK), one of the first Canadian public companies that is focused on developing disruptive decentralized technologies through blockchain technology.  By Thursday (November 16), the company had officially begun trading its shares on the CSE.
With headquarters in Nova Scotia, eXeBlock’s services include blockchain technology consulting, blockchain application development, and custom blockchain development.

Back in August, 1040433 B.C. Ltd had entered into a letter of intent to acquire eXeBlock Technology, where it wold acquire all of the issued securities of eXeBlock in exchange for 38.1 million common shares to the shareholders of eXeBlock.
According to a press release, the shares were issued pursuant to a Share Exchange Agreement dated September 6 and entered into by 1040433 B.C. Ltd, eXeBlock and its shareholders.
The addition of eXeBlock as a publicly traded Canadian blockchain company is somewhat promising, given the recent failure of NextBlock Global going public following misrepresentations made by the company that it listed cryptocurrency and blockchain exports as members of its advisory board.
On its first day of trading, shares of eXeBlock rose 7.69 to close the day at $1.40.
Looking ahead to 2018 in Canada, the blockchain industry is no doubt poised for more growth in the North American country. On Monday (November 13), Bloomberg reported that Canada will be embracing digital identification through the power of blockchain. According to the publication, the system will be developed by SecureKey Technologies with IBM’s (NYSE:IBM) blockchain platform. The technology will allow consumers to immediately prove their identification to banks, telecom providers and governments through apps on their smart phones.
All told, there’s indeed plenty to look forward to in the Canadian blockchain industry–which should no doubt be encouraging for cryptocurrency enthusiasts.
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