eXeBlock's (CSE: XBLK) Jonathan Baha'i Delivers Keynote Address at The Canadian Federal Government Public Policy Forum
Ottawa, Ontario - May 9, 2018 (Newsfile Corp.) (Investorideas.com Newswire) eXeBlock Technology Corporation's (CSE: XBLK) ('eXeBlock' or the 'Company') founder Jonathan Baha'i was recently invited to deliver the keynote presentation to the Canadian Federal Government Public Policy Forum, a gathering of 45 executives, policy directors and practice leads from the Government of Canada, in Ottawa, on Friday, May 4th, 2018.
Part of the Public Policy Forum's "Keeping up With the Speed of Disruption Series", was convened to provide opportunity for a deep dive exploration of blockchain as an emerging and disruptive technology, exploring implications for issues such as information security, privacy, ethics, regulatory implications, sustainability and data, and how blockchain may challenge policy and governance approaches.
Mr. Baha'i presented an overview of four elements of blockchain technology: consensus, incentive structure, distributed ledgers and smart contracts. His presentation addressed the use cases for blockchain technology in the private and public sectors, the potential for distributed ledgers to upend traditional business models. Mr. Baha'i also reinforced how globally competitive government regulation of the blockchain industry could encourage future growth and investment.
Commenting on the opportunity to engage with senior Government of Canada officials on these important issues, Mr. Baha'i said. "It was an honour to be invited to speak to this group of Canadian policy makers, particularly at this juncture when blockchain technologies are poised to play transformation roles in enterprise across the public and private sectors. Significantly, Canada is already a global leader in blockchain technology, and therefore has an exciting opportunity to leverage that platform and to compete on a global stage."
Mr. Baha'i continued, "Given the pace of change in the global blockchain landscape, these opportunities for an open discussion, and the sharing of insights are very important, and I anticipate that these talks will help align policies leading to accelerated blockchain innovation and investment in Canada."
After delivering the presentation, Mr. Baha'i travelled onward to Shanghai, China, where he spoke at the 2018 Global Graphene Developer Conference. The conference is the largest of its kind focused on Graphene, an ecosystem for real-time blockchains that provides a framework for a number of influential projects including Bitshares, Steem and EOS. The event was well attended by over 1,000 members of the Graphene community.
About eXeBlock Technology Corporation
eXeBlock is a designer of custom, state-of-the-art blockchain based software applications that provide profitable, secure and efficient operating solutions to businesses and markets globally. eXeBlock is one of the first Canadian public companies focused on the development of disruptive decentralized applications using blockchain technology.
For More Information about the Company, please contact:
President & Chief Executive Officer
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This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words 'estimate', 'project', 'belief', 'will', 'anticipate', 'intend', 'expect', 'plan', 'predict', 'may' or 'should' and the negative of these words or such variations or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release includes information relating to the commercialization of applications, the ability to generate revenues from applications and the implementation of eXeBlock's operating plans. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements. There are a number of important risk factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such risk factors include, among others, the Company's limited operating history and expected continued operating losses; failure of the Company's business strategy; inherent risks of the cryptocurrency and blockchain industry; system failures and security risks; government regulation; need for additional financing requirements and access to capital; reliance on key and qualified personnel; dependence on third party relationships; insurance; competition; and intellectual property. Other factors include risks associated with the marketing and sale of securities; dilution; the potential for conflicts of interest among certain officers or directors; and the volatility of the Company's common share price and volume.
For a more detailed discussion of risk factors, refer to the Company's prospectus dated November 9, 2017 filed under the Company's profile on SEDAR www.sedar.com and on the CSE's website.
The Company cautions that the foregoing list of material risk factors is not exhaustive. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing risk factors and other uncertainties and potential events. The Company has assumed a certain progression of its business objectives, which may not be realized. It has also assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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