Blockchain Island: 08/09/2018

Heads up Blockscarter’s, the team are on a trip to Malta to see how they can further develop the business and expand into a regulated region.

Malta: Also known as Blockchain Island

This week has been full of networking and connecting with the relevant people who can help Blockscart become a true part of the Blockchain community.

Our CEO Tim Rainer has been invited to Malta to attend a private invitation only event to discuss the road ahead and to meet with the CEO of Waves, Sasha Ivanov.

Why Malta?

Apart from the planned meetings, the team are looking to connect with legal teams that deal in the regulation side of this industry.

Blockscart has a fully working platform where anyone can buy and sell products or services using Cryptocurrency but what is very unclear are the rules and laws surrounding the use case we will be presenting.

We all know what Silk road is? it was a marketplace that products and services were sold on using Bitcoin but the wrong types of products and services.

Blockscart has an identical system but we do not allow illegal products or services, so the legals need to be sorted before launch.

We want to take this opportunity to make ourselves compliant and legal so if that means our office needs to be registered and regulated in Malta, then that’s where it shall be.

Platform and BLXS, what’s going on?

As most of you know, the market has tanked to the point people are now avoiding Cryptocurrency altogether and are waiting for ETF’s before they get back into the scene.

This gives us all more time to take the appropriate steps forward to make sure that when BLXS is distributed, it wont be in a market where nobody is interested. Not only this, why launch a Cryptocurrency payment platform if the value is too volatile to sustain a healthy running business?

All investors in the BLOC token that are having a 5 x swap should be aware that we are making progress but do not want a 2nd scenario of the recent coin issue.

Another point we are looking at is the fact that there are a number of competitors in this industry that are going ahead during a bad market. We can watch, wait, learn and prepare to be a better platform than others.

Updates

We are not going to say we have major partnerships behind the scene or try to cause a super hype. What we are going to say is that there are a few big potential partnerships on the horizon that we are waiting for certain steps to be put in place before we announce.

Again, rushing into this like we did with other Bad Actors trying to steal our vendor list and our idea can seriously damage our progress.

We are making sure that we have taken the time to do this properly.

That old quote “If you build it, they will come” that’s far from the truth so we are taking the time to put it on track for a platform they will come to.

More updates to come soon

Keep following, sharing our tweets, posts and information and we can continue to progress.

Thank you for all your support and not pressuring us into a corner.

E-commerce Blockscart

Written by

We are a global e-commerce marketplace and company established within the Blockchain industry.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade