Global Blockchain Technologies Corp. (CSE:BLOC) a Vancouver based British Colombia Investment Company listed on the Canadian Securities Exchange (“CSE”) have released their Q2 performance update to investors. Within the report are details of blockchain projects that involve ‘major corporations’ and ‘government entities’.

‘BLOC is presently undertaking several projects – a number of which remain under confidentiality due to the involvement of major corporations as well as government entities.’

Of particular note is their Tokenized Forex Trading Network project, federated on the Stellar Network. This will facilitate the trading of foreign currencies, tokenising fiat on Stellar’s decentralised exchange. Several leading remittance and exchange partners are reportedly involved with this project, with the exchange set to launch early Q3 of 2018.

Other key projects include Global Blockchain’s upcoming use cases for Laser – a hard fork of Ethereum. It features anonymity, blockchain interoperability and almost instant transactions, with BLOC having received ‘significant interest’ in Laser. The token launches early in Q3 this year. Their Trade Finance Solutions suite is also underway, utilising blockchain-based technology to optimise trading and finance processes are currently in development, with government, port authorities and banks all involved.

The authenticity and exposure that a publicly trading technologies and investment company brings to both Stellar and Laser will almost certainly boost both of their profiles, solidifying their use cases. With general market sentiment currently hovering around ‘almost’ positive, it seems like only a matter of time before industry good news stories are accompanied by a confirmed downtrend reversal. Whether Stellar and Laser and linked to the NDA government and major corporation projects remains to be seen.

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