PB Blockchain Announces “HashDrop” Blockchain Application
January 31 2018 - 12:01AM
Pistol Bay Mining Inc. (TSX-V:PST) (Frankfurt:OQS2) (“Pistol Bay”
or the “Company’) is pleased to give an update on the development
of our subsidiary, PB Blockchain Inc. (see news release dated
November 15, 2017.) This wholly owned subsidiary is focused on
blockchain applications for mining and resource company management.
We will be leveraging the work of other Application Program
Interface (API) companies to build a suite of blockchain products
to address needs that are particular to the data management and
security of mining/oil and gas companies. It is expected that many
of these blockchain products could have crossover to other
industries.
Charles Desjardins, President and CEO of PB Blockchain, is
pleased to report that our development team is creating our own
application named “HashDrop”. This will be accomplished by
utilizing existing blockchain solutions to create a secure platform
for parties to manage and update digital assets and documents
within their data centers while providing trusted transactions with
full confidence in the principle of the information being shared or
accessed.
It is a secure, comprehensive, and unalterable platform that
eliminates the time and costs of document sharing and assembly. It
enables the organization to better coordinate compliances, deliver
information efficiently, and trade digital assets securely. With a
wide range of device types, our platform adapts to various device
configurations.
Our easy to use interfaces are backed by the infrastructure
behind the scenes to ensure fast, reliable uploads, downloads, and
sharing. Our team who is creating HashDrop will continue to evolve
the product and architecture to ensure speed data transfer and
improved reliability.
The framework of our HashDrop application will be as
follows:
- ArchitectureDesigned with multiple levels of
protection covering:• Data transfer• Encryption• Network
configuration• Application-level controls all distributed
across a scalable, secure infrastructure
- Platform Objectives• A secure platform
for users or parties to manage and update digital assets and
documents• Integrate with Ethereum blockchain for logging all
digital assets, data, and documents• Validate and allow
transfer of ownership of the digital assets
- Authentication• Different levels of
authority access• Login/register using email and password
- Accessibility• Parties can share and
manage digital assets anywhere with internet access - with the
utilization of public blockchain, information is shared under a
fast and secure environment
- Search Function• Authorized members are
able to search for all data & digital assets that are uploaded
on to the blockchain platform through our user-friendly
interface• Our HashDrop application will communicate with the
secured database that is synced with the blockchain, where uploaded
data & digital assets are recorded
- Quality Control• Documentation errors are
the No.1 source of defects and generate excessive costs and
time• Our platform eliminates duplicate documents, lost
documents, document issues, and exceptions
- Due Diligence• Whether it is file
transfer or trade of digital assets, the costs will be
significantly reduced to all parties to review and audit the
documents and data associated with the transaction
- Sharing PermissionsAdministration will have
comprehensive control of:• The team sharing
abilities• Whether members can share files and folders with
people within the company• Whether members can edit folders
owned by people within the company• Whether members can create
file request and collect files from other members of the
company• Whether members can view and make comments on
files
About Pistol Bay Mining Inc.
Pistol Bay Mining Inc. is a diversified Junior Canadian Mineral
Exploration Company with a focus on zinc and base metal properties
in North America. The company has also created a subsidiary for
resource driven blockchain applications. For additional
information please visit the Company website at
www.pistolbaymininginc.com or contact Charles Desjardins at
pistolbaymining@gmail.com.
On Behalf of the Board of Directors
PISTOL BAY MINING INC.
"Charles
Desjardins"
Charles Desjardins, President and Director
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Cautionary note:
This report contains forward looking statements.
Resource estimates, unless specifically noted, are considered
speculative. Any and all other resource or reserve estimates are
historical in nature and should not be relied upon. By their
nature, forward looking statements involve risk and uncertainties
because they relate to events and depend on factors that will or
may occur in the future. Actual results may vary depending upon
exploration activities, industry production, commodity demand and
pricing, currency exchange rates, and, but not limited to, general
economic factors. Cautionary Note to US investors: The U.S.
Securities and Exchange Commission specifically prohibits the use
of certain terms, such as "reserves" unless such figures are based
upon actual production or formation tests and can be shown to be
economically and legally producible under existing economic and
operating conditions.
Pistol Bay Mining Inc.Phone 604
369 8973
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