Blockchain Technology Revolutionizing Digital Information and Data Systems with Biometric Advancements

PALM BEACH, Florida, October 4, 2017 /PRNewswire/ --

Bitcoin and other cryptocurrencies have been on a tear for most of this year as focus has turned to the advancements and innovation blockchain, the underlying technology that powers these digital currencies. Recently however, blockchain technology has many more potential use cases and applications other than just serving as the fuel behind Bitcoin. Active companies in the markets today include: NovaTeqni Corporation (OTC: NVTQF) (TSX-V: NTQ), HIVE Blockchain Technologies LT (TSX-V: HIVE), Digatrade Financial Corp. (OTC: DIGAF), MGT Capital Investments, Inc. (OTC: MGTI) and Glance Technologies Inc. (OTC: GLNNF) (CSE: GET.CN)

NovaTeqni Corporation (OTCQB: NVTQF) (TSX-V: NTQ.V) is continuing to examine areas of its business where the use of blockchain will reduce costs, improve security and provide efficiencies beyond current processes. Novateqni's extensive experience in biometrics and voter registration, validation and voting systems uniquely positions the Company to take advantage of the efficiencies and security offered by the use of a blockchain. In examining current and future projects, the Company has decided to commence the development of a new version Farmer's Management System using blockchain to increase functionality, and specifically to create a highly flexible, generic identification and transaction system. Read this and more news for NovaTeqni Corp at:http://www.marketnewsupdates.com/news/nvtqf.html

The Company's current Farmer's Management System which was first launched in Malawi includes government quality biometrics, fixed offices, wireless and land line communications, cloud based computing, and mobile biometrics systems. Farmers were issued secure contactless smart cards containing biometrics data to allow instant identification. The system contains administrative functionality such as financial reporting and crop related reporting which led to an improvement in efficiency and capability within the important farming sector. The use of the block chain adds an additional security layer to further distribute encrypted ledgers. This will allow for the safer and more secure storage of the biometrics and biographical information of users. Local biometrics matching when required will also be possible such as match on device or match on card once developed the upgraded system can be used by a variety of enterprises.