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.