Blockchain Foundry Announces Blockchain-based Ecommerce Platform

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Blockmarket, an ecommerce platform, is scheduled to be available on the Microsoft Azure Marketplace by 2017.

Blockchain development company Blockchain Foundry has announced both its establishment and its first project, a blockchain-based ecommerce platform. The company’s goal is to provide user-friendly blockchain technology to end users without the need for previous experience or knowledge to make it work for them. The foundry plans to make its products interoperable between different blockchain technologies.

“The announcement of Blockchain Foundry is an important milestone in our development as a maturing fintech organization,” said Dan Wasyluk, president and CEO of Blockchain Foundry in the company’s announcement. “We are working with our partners at Microsoft to obtain product certifications on the Azure Marketplace platform, making Blockchain Foundry’s product the first bitcoin-derived offering to be Microsoft Azure certified. We are excited about the immense potential blockchain technology has to transform and disrupt many different markets.”

Blockchain Foundry’s first commercial product, dubbed Blockmarket, is a web-based e-commerce platform that allows users to create and access individual marketplaces that will be hosted on the company’s Syscoin blockchain platform, the company stated. They said the new platform will provide top-of-the-line security and 24/7 uptime combined with reduced listing expenses.

The company launched their first public blockchain project in 2014, powered by Syscoin,  a cryptocurrency based on the Bitcoin network. It has a current market value of over $6 Million U.S. on digital asset exchanges, and is currently a member of Microsoft Azure’s Blockchain-as-a-service platform. Blockmarket should be available on the company’s Azure Marketplace by the end of 2016.

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Sue Walsh

About Sue Walsh

Sue Walsh is News Writer for RTInsights, and a freelance writer and social media manager living in New York City. Her specialties include tech, security and e-commerce. You can follow her on Twitter at @girlfridaygeek.

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