Vancouver, BC — Global Blockchain Technologies (CSE: BLOC, BLOC.CN, BLOC.CNX) (FSE: BWSP) (OTC: BLKCF) (“BLOC” or the “Company”)announces that it has created a Cayman-based subsidiary Laser Inc., as part of its recently-announced project, the Laser Network (“Laser”). To date, Laser has received considerable attention from throughout the blockchain sector, as well as from the broader technology industry as a SWIFT-like protocol to interconnect thousands of existing blockchain networks, thus allowing inter-chain transactions, and enabling blockchains to operate without borders.
The purpose of this subsidiary is to manage the initial servicenode network that underpins Laser’s blockchain network and supports its defining features. The crowdsale will entail an equity sale in the subsidiary Laser Inc., with the network’s proprietary Photon cryptocurrency (“Photons”) allocated proportionately to equity purchased. A block of 6,300,000 shares will be made available in the crowdsale, with a minimum purchase of 100 shares. Pricing and forms of payment are to be announced.
For parties who are interested in operating a servicenode, a minimum of 1,000 shares in Laser Inc. must be purchased. Servicenode operators will each have one vote to accept new members and maintain existing members on Laser. As the servicenode network evolves to become decentralized and anonymous, the requirement for operators to be shareholders will be discontinued, though it will remain a firm requirement in Laser’s initial stages.
On completion of the crowdsale, the subsidiary Laser Inc. will become a for-profit consortium with a co-op structure. Its purpose will then be to provide educational and support resources to servicenodeoperators, and provide funding for ongoing software development for Laser.
“Laser is the decentralized SWIFT-like solution that blockchain has been waiting for” said ShidanGouran, President and CEO of the Company. “Since the success of Laser will rely on having a reliable group of servicenode operators, our formation of Laser Inc. both streamlines the investment process, andensures that financial and informational resources will be available to the benefit of servicenodeoperators, as well as all users of Laser”.
The Company’s Chairman Steve Nerayoff added “This is a thrilling turning point for both Laser and Global Blockchain. Laser’s value to the blockchain space is tremendous – and with this step of streamlining the investment and onboarding process for servicenode operators, we are closer than ever to making the most dynamic blockchain solution to date a reality.
The Company has also added eight new members to its advisory board as of this month;
- Kevin Barnes: An early adopter of blockchain and cryptocurrencies, Mr. Barnes chairs both the Blocksafe Alliance, and Blocksafe Holdings. He serves as an advisor to the Lifeboat Foundation, an interdisciplinary think tank that leverages technology in humans’ best interests.
- Trevor Koverko: Mr. Koverko is the co-founder of Polymath, the world’s largest securities token network. A four-time attendee of Satoshi Roundtable, he is actively engaged as a leader in the blockchain space having seeded foundation projects such as Ethereum, and having made keynote speeches at blockchain and cryptocurrency conferences.
- Jordan Nanos: Based in Toronto, Mr. Nanos is a Solution Architect with Hewlett Packard Enterprise. He has an educational background in electrical engineering, and is passionate about emerging technologies such as AI, Post-Moore's Law computing, and blockchain.
- Marc Seeman: With over 30 years’ experience in senior leadership roles at both IBM and Hewlett Packard Enterprise, Mr. Seeman is widely regarded as an expert in enterprise IT – most specifically in the use of networking and storage technology to achieve competitive advantages. He has pivoted his career to be focused on the leveraging of blockchain in enterprise IT applications.
- Emma Irwin: Ms. Irwin has work experience in both banking and technology. Currently a Solutions Architect at Hewlett Packard Enterprise, she holds an honours BA in computer science from Queen's University, as well as technical certifications from HPE and VMware.
- Katie Olver: Ms. Olver is CEO & Founder of Cryptoland. Katie and her team oversee the publicity for the world’s largest and most promising blockchain companies, having helped clients raise millions of dollars in fundraising.
- Genevieve Roch-Decter: Ms. Roch-Decter is an advisor at Block X Capital Corp., and co-CEO of Grit Capital. She holds the CFA designation, and has experience as an analyst, with equity research focus in mining, materials, and energy.
- Elizabeth McCauley: Serving as a member on the board of directors of the Bitcoin Foundation, Ms. McCauley is an influential and highly knowledgeable player in the cryptocurrency space. She has been Director of Operations and Outreach for Bitcoin Magazine, and has overseen global business development for India-based Bitcoin exchange Coinsecure.
The full terms of the crowdsale, as well as the offering memorandum, and updated Laser whitepaper will be made publicly available by Friday June 15, 2018. Interested parties are advised to periodically check www.laser.xyz and the Company’s investor relations page for related updates.