Calyx Finalizes Next-Generation Blockchain Strategy

VANCOUVER, British Columbia, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Calyx Bio-Ventures Inc. (TSXV:CYX) (“Calyx” or the “Company”) is pleased to announce its has finalized its strategy to implement next-generation blockchain features into its commercial application platforms.  Roger Forde, the Chief Executive Officer of the Company, noted “we have seen blockchain evolution in the past with generation 1 being the emergence of Bitcoin, generation 2 being Ethereum, and generation 3 could be the introduction of smart contracts and twin-chains.  This next step is very important as it will bring blockchain technology into a far wider array of uses and users.”

Calyx plans to utilize this blockchain technology to manage future transactions within its proprietary software platforms, and may even consider the launch it’s own digital currency to be utilized in conjunction with the Company’s various market place applications (presently under development).  By aligning our vision with the vision of the market leaders in the sector, leveraging the possibilities that this next generation blockchain technology poses, will allow Calyx to better execute its current plan and evolve the business in a flexible and innovative manner.

Mr. Forde continued, “although blockchain is very likely the most secure and best technology to utilize to eliminate potential discrepancies amongst disparate systems, problems arise when it becomes necessary to make critical updates, bug fixes, and upgrades.  When a change must be made to the way a crypto currency works, the changes must be made very carefully to keep the new version of coins compatible with older coins.  This can present a big problem to many when discrepancies leave two ledgers operating instead of one.  This precise problem is referred to as a 'fork', and the panic that ensues when a crypto currency finds itself in such a situation is a big problem we now see emerging.”

“As such, we have taken careful measures to assess the latest in blockchain development as we grow and evolve our product offerings.  We have identified a third generation blockchain technology that is being proven out by a specific group who we see as world leaders in the sector.  This technology allows for complete technological evolution that can be implemented into the core ecosystem of the blockchain backbone without compromising the security, compatibility and historical accuracy of the blocks and ledgers.”

Calyx believes this latest blockchain evolution is so powerful, it opens the possibility of an 'open source' like development approach, where developers can submit code to a functioning blockchain ecosystem, and administrators or a governing community can decide whether or not to implement the new logic and remove the old logic, while not compromising the integrity of the ledgers and blocks.  This eliminates the need for both planned and accidental forks.

About Calyx

Calyx’s wholly-owned subsidiary, Cannigistics Agri-Solutions Corp., is a software development company that has created a software platform originally designed for advanced indoor agriculture. The original Cannigistics software platform was designed to enhance the efficiency and effectiveness of indoor agricultural operations, but has significantly evolved to include a wide range of other industries.  This now positions Cannigistics to be a leader (in not only agri-software industry), but a leader in many other industries.  Additionally, Calyx continues to own a portfolio of proprietary intellectual property with applications in crop enhancement and additionally messaging software assets.

For further information about Calyx, please visit http://www.calyxbio.com or contact:

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