Global Blockchain incubates ventures in cryptocurrency and decentralized technology
Global Blockchain Technologies Corp. (CSE: BLOC) is an investment company that provides investors access to a mixture of assets in the blockchain space, strategically chosen to balance stability and growth. Blue chip holdings such as Ethereum and Bitcoin are complemented by best-of-breed “smaller cap” crypto holdings, many of which are not yet available to other investors.
Hannah Bernard: Hi, I’m Hannah Bernard. You’re watching Market One Minute. Today, we are joined by Shidan Gouran, President and CEO of Global Blockchain Technologies. Let’s start off by telling us exactly what business global blockchain is in.
Shidan Gouran: Well, Global Blockchain is an investment company, a listed investment company that’s in the business of incubating ventures in the digital assets, cryptocurrency, and decentralized technology space. Some of our ventures include Laser, which is a cryptocurrency; Singularity, a decentralized exchange; Game Galaxy, a token for the gaming industry, video game industry; and a trade finance project in partnership with Dubai’s DMCC.
Hannah Bernard: Can you talk to us a little bit about Laser?
Shidan Gouran: Well, Laser is a cryptocurrency as I mentioned that we’ve developed in-house. What’s important and different about this cryptocurrency is that it acts as very similar to what SWIFT does in the payments industry, in the traditional fiat payments industry. It acts as a SWIFT of blockchains. It allows you to transact from one blockchain to another. So, if you have Bitcoin, you can transact it with somebody who has another coin, like Lightcoin for example. If you have a shield in one game that’s based on blockchain technologies, you can trade that for a virtual car in another game that’s based on another blockchain technology for example. It allows you to transact various digital assets that are based on different technologies and protocols.
Hannah Bernard: Talk to us about Singularity.
Shidan Gouran: Singularity is a decentralized exchange that we’re developing in-house, and this is a very unique, decentralized exchange, there’s other ones. But what’s unique about ours is that it both decentralizes the order book and the concept of custodianship. By decentralizing the order book, I mean, you don’t have a singular entity like a New York Stock Exchange or NASDAQ that matches orders and lists them and shares them with everybody. The actual blockchain does that functionality. By decentralized custodianship what I mean is that you don’t actually send your digital assets to an exchange all in one wallet where there’s a risk of somebody stealing them, the company going down, issues happening. People losing the access to those tokens. You actually keep the funds yourself. When you place a trade, it happens on the smart contract and on the blockchain itself.
Hannah Bernard: What is DMCC?
Shidan Gouran: DMCC is our partner in Dubai, and it’s the prime regulator of the commodity trade industry in Dubai, and it’s the organization that runs and operates the free trade zone in Dubai. They’ve partnered with us on developing a number of initiatives and services in the trade finance and supply chain space based on blockchain technologies.
Hannah Bernard: How is Global Blockchain involved with Game Galaxy and what is it?
Shidan Gouran: Game Galaxy is a consortium that we’ve put together, and it’s an initiative we started for the gaming industry whereby you have one currency amongst many different games and companies. So, in games today, there’s in-game economies where you can buy virtual shields, virtual swords. You can earn these things through killing your opponent or reaching a certain level. Now, what we’re saying is you’re actually earning a currency that can be used not just in your game but across various games. Pretty much anybody that’s part of this consortium.
Together, we now have about 400 million users out of all the partners we’ve brought on who will be able to take party in this economy and earn these digital assets.
Hannah Bernard: Well, thank you for joining us today, Shidan.
Shidan Gouran: Thank you.