Many companies are making remarkable strides in the world of blockchain, and it may be a good time for investors to consider taking a closer look into them. One such company is Silver Scott Mines Inc. (OTC:SILS), which hit the news cycle last Friday after it made a major new announcement about a product launch.
Upcoming Launch
Silver Scott Mines announced last Friday that it would launch its own enterprise-level private blockchain platform. The platform would be built upon Hyperledger Fabric or other similar forms of technology that would deliver a secure ecosystem. The ecosystem will enable the tokenization of assets with thorough AML/KYC checks and permissioned forces, the company noted. Private blockchains are fundamentally different from the public ones used by Bitcoin. This will restrict access to only verified institutions that pass the above-mentioned checks and compliance-related screening.
Further Information
The proprietary ecosystem created by Silver Scott Mines would remain entirely in its own network and help with transactions only between its verified users, like corporate partners and financial institutions. As a consequence, there would be transparency that would help in auditing the transactions with ease. It remains to be seen if the Silver Scott Mines gets any attention today.
