CIAU - Ciao Group Announces Blockchain Frontier Markets Project With Initial $530 Billion Target
June 15 2017 - 9:18AM
InvestorsHub NewsWire
Dallas, TX – June 15, 2017 – Ciao Group, Inc. -
InvestorsHub NewsWire - (USOTC:
CIAU) today announced the Blockchain Frontier Markets
Project. The Company recently announced the launch of its
Cryptographic Enterprise Division lead by Henryk Dabrowski coming
to Ciao from Alternet Systems, Inc. (USOTC:
ALYI) were he lead the development and subsequent sale of Utiba
Americas, a mobile financial remittance solution. Mr.
Dabrowski has been working with Aubrey Brown, CEO of Ciao, over the
last year on the Blockchain Frontier Markets Project.
Blockchain Frontier Markets
Project Mission
“Frontier economies around the world lack
access to most of the financial products routinely available to
consumers, businesses and governments within developed economic
regions,” explained Aubrey Brown, CEO of Ciao Group. “Mortgage
loans, credit cards, business insurance, working capital loans and
government bonds are some of the basic financial tools for building
any economy. But such financial products are found to be in
short supply when it comes to Frontier economies. The
objective of our Blockchain Frontier Markets Project is to build a
transaction platform with a distributed ledger populated with
permanent and secured records for every transaction. An
evaluation of commercially available Blockchain technologies is
well underway. With a standardized and trusted transaction
platform, Frontier markets around the world can have access to the
existing financial products already available within Developed
economies.”
Frontier Market Cryptocurrency –
A Bitcoin Paradigm For Frontier Financial
Markets
To empower the market opportunity for
existing financial products from Developed economic regions to be
made available to consumers, businesses and governments within
Frontier economic regions, Ciao’s Blockchain Frontier Markets
Project will include the introduction of a Frontier Market
Cryptocurrency (FMC). Ciao will develop the opportunity for
FMC to be accepted as a currency for financial products from
Developed economic regions that are deployed within Frontier
regions.
$530 Billion Initial Target, IBM,
Hyperledger and The DTCC
Access to investment capital is the basic
building block of any economy. Improving the technological
feasibility of Frontier market public exchanges to support
increased liquidity could dramatically improve access to investment
capital. The African continent has $530
billion in public market capitalization across multiple national
exchanges separate from the nearly $1 trillion in public market
capitalization within South Africa alone. IBM (NYSE: IBM) announced a
Blockchain project earlier this year with the Depository Trust and
Clearing Corporation (DTCC) based on the Linux
hosted Hyperledger Open Source Technology. Ciao Group
management team has spent considerable time on the African
continent over the past year developing the opportunity to connect
the $530 billion in public market capitalization seamlessly with
trading platforms in the United States as an extension of the
DTCC’s move toward Blockchain enable clearing. African public
stocks from multiple African countries traded in a single
Cryptocurrency on US trading platforms cleared through DTCC
accepted Blockchain transactions could monumentally increase the
liquidity of investments in African public companies, and give the
average individual US investor new access to the extraordinary
growth opportunities only found within Frontier markets.
Ciao Group’s Refreshed Business
Plan And Name Change To NuMelo Technology
Ciao Group recently announced a refreshed
business plan to concentrate on developing locally sourced
technology and telecommunication services within frontier and
emerging economic markets. The Company is in the process of
changing its name to NuMelo Technology as part of the business plan
refresh.
Learn more about Ciao Group / NuMelo
Technology on the Company’s website and check back frequently to
keep up with the Company’s progress to include two acquisitions
anticipated soon.
www.numelotechnology.com
www.otcciau.com
About NuMelo Technology, Inc:
NuMelo Technolgy is dedicated to
discovering and developing innovative technology within the world’s
emerging and frontier markets. NuMelo brings the experience and resources to
identify communication technology innovators within the worlds
emerging and frontier markets and develop with them marketing and
capitalization strategies to overcome the hurdles identified by the
World Bank currently hindering the proliferation of emerging and
frontier telecommunication services to achieve the corresponding
alpha return potential.
Disclaimer/Safe Harbor: This news release contains forward-looking
statements within the meaning of the Securities Litigation Reform
Act. The statements reflect the Company's current views with
respect to future events that involve risks and uncertainties.
Among others, these risks include the expectation that any of the
companies mentioned herein will achieve significant sales, the
failure to meet schedule or performance requirements of the
companies’ contracts, the companies’ liquidity position, the
companies’ ability to obtain new contracts, the emergence of
competitors with greater financial resources and the impact of
competitive pricing. In the light of these uncertainties, the
forward-looking events referred to in this release might not
occur.
Contact NuMelo Technology:
Info@otcciau.com
1-866-294-9306