Mr. Chris Marsh reports

BLOCKCHAIN FOUNDRY ACTIVATES WORLD'S FIRST BRIDGE BETWEEN THE SYSCOIN AND ETHEREUM BLOCKCHAINS

Blockchain Foundry Inc. has successfully activated a new bridge protocol between the Syscoin and Ethereum blockchains.

The new protocol is a first of its kind. It uses cryptographic proofs between blockchains to enable a trustless bridge for token interoperability. This means that existing Ethereum projects can take advantage of Syscoin's fast, low-cost transactions to help projects scale beyond what the Ethereum network is currently capable of. Syscoin and Syscoin platform tokens will also be able to leverage the bridge, enabling Syscoin projects to use Ethereum's smart contracting capabilities and wallet ecosystem.

"We are excited to activate the Syscoin-Ethereum bridge. The new use cases it enables for both Syscoin and Ethereum users are a direct response to the needs that clients in our market space have demanded," said Dan Wasyluk, chief executive officer of Blockchain. "With these enhanced capabilities, BCF can deliver a new breed of blockchain solutions to clients that leverage the strengths of both of these ecosystems."

Blockchain's open-source contributions to the Syscoin protocol are supported by Syscoin's decentralized governance system, which provides development grants in the form of Syscoin tokens. Blockchain currently holds approximately 3.8 million Syscoin tokens, which were valued at $122,071 as of Sept. 30, 2019 (the date of the company's last financial report). The majority of Blockchain's Syscoin holdings are used to operate masternodes, which generate a return of approximately 15 per cent per year for the company in Syscoin tokens.

About Blockchain Foundry Inc.

Headquartered in Toronto, Canada, Blockchain Foundry is a global blockchain consulting and development firm. Blockchain develops and commercializes decentralized ledger technology, custom blockchain solutions and smart contracts for enterprise clients.

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