CryptoBLK Signs MOU with DeerCreek for Exploring Blockchain Market in North America

CryptoBLK Signs MOU with DeerCreek for Exploring Blockchain Market in North America

 

CryptoBLK Limited (CryptoBLK) is pleased to announce that it has signed a memorandum of understanding (MOU) with DeerCreek Consulting LLC (DeerCreek). This MOU establishes a mutual agreement for cooperation to recognize and explore Blockchain business development opportunities.

“We are delighted to build on the business alliance with DeerCreek in the USA and to have the opportunity to bring our Distributed Ledger Technology (DLT, a.k.a. Blockchain) innovations to the global market,” said Dr. Duncan Wong, CEO of CryptoBLK. “CryptoBLK continues to forge ahead with its ultimate vision to revolutionize global financial markets, and this announcement further solidifies its focus.”

“We believe that Blockchain and DLT systems will require network effects and a major push from global financial institutions to gain traction. The process will require specialized software development teams, strategists, and business partners to retool financial infrastructure and deliver tangible efficiencies for the enterprise,” said Michael R. Wasyl, Managing Partner of DeerCreek. “DeerCreek is excited to work with CryptoBLK to bring industry-leading Blockchain products to the North American market.”

The United States is set to dominate the Blockchain market, accounting for 76% of the global segments[1]. In United States, Blockchain spend has grown at 110.1% during 2018 to reach US$ 1.65 billion. The spend is expected to increase from US$ 3.12 billion in 2019 to reach US$ 41.11 billion by 2025[2]. CryptoBLK and DeerCreek are excited to explore new ways to expand the DLT business in the Americas by leveraging each other’s expertise and market network.

 

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About CryptoBLK Limited

CryptoBLK Limited is a technology company focusing on developing, deploying and operating Blockchain systems, aiming at making global impacts in the financial services industry by delivering software solutions and services based on Distributed Ledger Technology (DLT, a.k.a. Blockchain). Our mission is to unlock new possibilities, improve efficiency and productivity, and simplifying workflow and processes using DLT, that is secure, transparent and trustworthy.

As one of the most prominent world-leading DLT development teams, CryptoBLK has rich experience in developing industry-wide DLT platforms as well as custom-made DLT-based applications for the financial services industry and many other industries. Besides one-stop enterprise-grade Blockchain-based solutions, the team also provides consultancy service on digital asset management and DLT security assessment.

About DeerCreek Consulting LLC

DeerCreek is a strategy consulting firm helping high potential companies in financial services, frontier technology (AI / ML, DLT), and consumer products find their edge. DeerCreek focuses on change-making where innovation meets opportunity and takes a tactical approach to solve complex business problems. DeerCreek specializes in being a strategy and business development special operations team.

 

[1]  Blockchain Market Shares, Market Strategies, and Market Forecasts, 2018 to 2024

[2]  United States Blockchain Business Opportunities and Outlook Databook Series (2016-2025)

 

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