PB Blockchain Announces "HashDrop" Blockchain Application
January 31 2018 - 9:25AM
InvestorsHub NewsWire
Vancouver, BC -- January 31, 2018 -- InvestorsHub
NewsWire -- 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:
- Architecture
Designed 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 Permissions
Administration 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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