DigitalX to act as blockchain consultant for Transcendence Technologies
Transcendence Technologies Limited (ASX:TTL) has appointed DigitalX Limited (ASX:DCC) as its Blockchain consultant.
Under the new agreement, DCC will perform an audit of TTL’s current product offerings and provide advice to the company’s board and upper management. DCC will also be tasked with exploring how synchronised digital data offerings could integrate into TTL’s current business model.
TTL operates the prominent E-Collate data management platform and has worked in collaboration with PrimeXConnect on the management of a wholesale trading and supply chain for meat products.
DCC CEO Leigh Travers spoke on the agreement, “Blockchain technology could help producers, sellers and consumers follow meat products in transit from paddock to plate, by tracking measurements such as temperature and pressure of the meat products to ensure quality.
“There are also Blockchain applications that could be integrated into the E-Collate platform, including decentralised cloud Database-as-a-Service (DBaaS) – providing an on-demand, scalable and highly secure service for data storage and management via the Blockchain,” he said.
“We see a role for DigitalX in connecting new technology with Australian businesses looking to explore Blockchain applications.”
However, it’s worth noting that DCC is speculative at this stage and therefore investors should take all publicly available information into account and seek professional financial advice.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.