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Blockchain Foundry Deploys Syscoin 4.0 and Releases Syscoin Spark Wallet

TORONTO, June 10, 2019 (GLOBE NEWSWIRE) -- Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) is pleased to announce that it has successfully deployed Syscoin 4.0, the latest version of the Syscoin blockchain. Syscoin is an open source blockchain protocol which underpins BCF’s proprietary development efforts, including its patent pending Z-DAG blockchain scalability solution.

Syscoin 4.0 is an essential part of BCF’s upcoming blockchain bridge technology, which will link the Syscoin and Ethereum ecosystems, allowing Ethereum developers to deploy their projects on the Syscoin blockchain to increase throughput and scalability. BCF also released Syscoin Spark, a desktop-based blockchain client which incorporates all the functionality of the Syscoin ecosystem.

“Blockchain Foundry’s focus is on building and deploying innovative, blockchain-based solutions for enterprises. In order to be the best at what we do, we need to create a solid technical foundation for our enterprise solutions. Our clients come to us because of our deep expertise and the unique ecosystem that we offer for their projects. Syscoin 4.0 and Syscoin Spark are both integral components of the robust ecosystem that we have been building since 2014,” said Dan Wasyluk, CEO of BCF.

About Blockchain Foundry Inc.

Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(8BF.F)(BLFDF) is a blockchain development firm. BCF develops and commercializes blockchain-based business solutions and provides services to corporate clients including proof of concept and enterprise solutions built on blockchain protocols including Syscoin and Ethereum. Blockchain Foundry has developed a patent-pending blockchain scalability solution (Z-DAG) which can be used in its deployments to provide near-instantaneous blockchain transactions on the Syscoin and Ethereum networks.

Blockchain Foundry Contact Information:

Chris Marsh
President
(647) 330-4572
cmarsh@blockchainfoundry.co

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Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.