Hill Top Security, Inc. (“HTSI” or the “Company“) and Big Wind Capital Inc. (CSE: BWC) (“Big Wind”) announce that HTSI is developing its first Initial Coin Offering (ICO) for the mining and metals industry and has already received funding for development. The new ICO will enable HTSI to expand its current protection of company networks and communications to include the protection of company transactions. HTSI is also in the process of joining the Financial Information eXchange (FIX), which has revolutionized the trading environment and has been fundamental in facilitating many of the electronic trading trends that have emerged over the past decade. HTSI recently signed a letter of intent with Big Wind, pursuant to which Big Wind intends to acquire various interests in HTSI and its assets (the “Transaction“).
- The ICO will facilitate secure trading of specific commodities even in unstable jurisdictions worldwide
- Hill Top’s ICO will utilize proprietary technology created by Hill Top, within the Etherium framework. Etherium is the leading technology used by most crypto currencies.
- Hill Top has received funding and product development is at a very advanced stage
Corby Marshall, CEO of Hill Top Security, said, “From our perspective, the value of cryptocurrency goes beyond theunderlying currency or coin because it allows a company to conduct trustworthy transactions in untrustworthy jurisdictions or circumstances. We therefore see our application of cryptocurrency as a new and ground–breaking method of securing our customers‘ operations – an approach that moves beyond protecting company networks and communications to a point at which we are protecting transactions as well.“
Kim Pease, SVP, Product Management, of Hill Top Security, said, “We are very excited to be on the vanguard of an intriguing new paradigm for distributed apps. Blockchain technology has the potential to revolutionize the future of financial transactions and, with our ICO already at an advanced stage, we expect to be in a position to launch in the near future.“
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