Global Blockchain Technologies (CSE:BLOC) (BLOC.CN) (CSE:BLOC.CNX) (BWSP.F) (BLKCF) has released a comment on share performance following multiple inquiries regarding the price decline. In the past year, Global Blockchain has seen its price gone from a high of over CDN $1.50 to an anaemic CDN $0.29 / share. As one may imagine, the micro-cap’s valuation has risen, and fallen, with the tide of cryptocurrencies.
The company states that the market capitalization of cryptocurrencies, in aggregate, has fallen considerably. The total market capitalization on May 29, 2018 was just over US $330 billion. As of today, just one month later, that figure has sunk to US $234 billion.
Despite a dramatic loss in value, the company is telling investors not to lose confidence and that “all projects are on Schedule.” The company says there will be “considerable movement on each of the projects” prior to the end the year. As described by the company, these projects include:
- Stratus Peer-to-Peer Storage Marketplace – Using the blockchain to automate buying and selling of storage space from enterprise IT users.
- Laser Blockchain Network – a hard fork of Ethereum. The crowdsale for Laser’s Photon token will be launched in early Q3 of 2018.
- Tokenization of Gaming Networks – a collaboration with 12 gaming network operators that have a combined base of more than 400 million users.
- Trade Finance Solution – a blockchain-based solution to optimize trade finance processes and make the supply chain more efficient for international trade.
- Securitization of IP with Tokens – Individuals will be able to invest in fractional ownership of intellectual property to include music, videos, and brands.
- Tokenized Forex Trading Network – an exchange federated on the Stellar network, for the trade of foreign currencies.
The company says it continues to be well financed for all its ambitious projects.