Blockchain Foundry, a blockchain-technology development company, has announced its establishment, and plans to bring distributed ledger solutions to enterprises and consumers.
The company's first commercial product, known as Blockmarket, is a web-based e-commerce platform.
The platform will allow online retailers, entrepreneurs and individual sellers to create and access individual marketplaces hosted entirely on the Syscoin network, a company-developed blockchain platform.
“Blockmarket will significantly decrease listing costs incurred by retailers currently using other services and will provide 100% uptime and state of the art security,” the company claimed in its press statement.
Blockmarket is scheduled to be available on the Microsoft Azure Marketplace by 2017.
Dan Wasyluk, president and CEO of Blockchain Foundry, said: "We are excited to announce the formation of Blockchain Foundry and are working hard to complete the Blockmarket platform as expeditiously as possible.
"In tandem with our product initiatives, we have added additional talent to our team aimed specifically at raising capital to bolster our development resources and accelerate the realization of our vision to be a leading blockchain services company."