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by Stockwatch Business Reporter

The TSX Venture Exchange lost 1.09 points to 776.66 Wednesday. Geoff Balderson's fifth capital pool shell, the halted Aim Explorations Ltd. (AXN), plans to acquire DMG Blockchain Solutions Inc. (also called Digital Mint Group Inc.) for the shell's qualifying transaction. The shell, which has 7,928,000 shares issued, will issue 28.5 million shares to its target's shareholders.

Blockchain technology is attracting a lot of attention. Today, the second-busiest trader on the TSX-V was Hive Blockchain Technologies Ltd. (HIVE), which is backed by Frank Giustra. The stock rose 58 cents to $1.84 on 12.24 million shares. Hive has gained $1.55 since last week, went it went public through Harry Pokrandt's former Ontario gold promotion, Leeta Gold Corp.

A blockchain is a digital ledger that cannot be edited without leaving a trace. There are many proposed and imagined uses for blockchain technology, mostly record keeping. Supposedly, blockchains can be used to keep records of anything from sales transactions and wire transfers to health care information and voting information. There are trials and pilot programs in progress for various uses of blockchain technology, but most of them are in the early stages. Daimler AG has begun testing the feasibility of using this technology to keep records of its car loans. A German chemicals producer, BASF SE, has begun testing the technology for tracking its shipments. In May, 2017, following a year-long trial, Bank of Canada concluded that the technology is not yet capable of supporting a national interbank payment settlement system.

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