Blockchain Foundry Provides Update on Product Strategy and Roadmap
TORONTO, May 18, 2021 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN), a leading North American blockchain development firm, is pleased to provide an update on its
product strategy and roadmap.
As disclosed in the Company’s press release dated March 3, 2021, BCF is increasing its focus on product development. The Company has been working to define its product strategy and has now laid the foundation for a robust product roadmap which takes advantage of its substantial existing blockchain-related IP.
The Company’s roadmap for the remainder of 2021 includes the development of a proprietary BCF wallet for holding Syscoin digital assets as well as Ethereum-based tokens and Bitcoin. Once this foundational wallet has been developed, the Company will continue to build blockchain-based infrastructure which plugs directly into the wallet, including:
- Support for storing, creating and transferring non-fungible tokens (NFTs);
- Token swap between various blockchains within the wallet;
- Hardware wallet support;
- Integration with CAD and/or USD stablecoins created by BCF;
- Cross-chain bridging between Syscoin/Ethereum/Binance Smart Chain; and
- KYC, transactional rules/whitelists, and other compliance-focused solutions within a BCF-supported token ecosystem.
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The Company intends to develop the products outlined in the table below in sequential order. A proprietary BCF wallet is expected by the end of Q3 2021. The timing for product development beyond the initial BCF wallet will depend on product traction at each stage, as well as other product and consulting opportunities that the Company may be presented with.
Product | Description | Benefit to BCF | Monetization |
Proprietary Blockchain Foundry Wallet |
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Swap-as-a-Service |
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Hardware Wallet Support |
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CAD and/or USD Stablecoin |
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Cross Chain Bridge |
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Notary/ |