Stock Market News
Blenheim Natural Resources investee in world first crypto security platform
Investment company Blenheim Natural Resources announced on Wednesday that its investee company BrandShield has launched the world's first anti-scam blockchain platform.
MyShield is designed to bring trust to the e-commerce and online market, in which counerfeits and piracy are estimated to reach $2.81tn in 2020, by alerting users to fraudulent websites, counterfeit online sales and various other types of online scams.
AIM-traded investment company Blenheim holds an 8.95% interest in cyber security company BrandShield following an investment of $1.05m in December.
Charlie Wood, executive chairman of Blenheim Natural Resources, said: "The experience garnered from its existing business, which already provides fraud protection services to multiple global brands, as well as its expansion into the crypto currency arena, means that BrandShield is ideally positioned to provide a much-needed global solution."
Brandshield's technology is currently used by brands such as VISA, Credit Suisse, New-Balance and Radisson Hotels to protect against online scams, and has significant exposure to the cryptocurrency market through involvement with ShapeShift, eToro, WePower, Jet8 and Current.
"We expect to see significant value accretion in MyShield as a community and platform, as well as a clear rise in value of cash and tokens on BrandShield's balance sheet, raised via the ICO with no dilution to existing BrandShield shareholders. Additionally, BrandShield's value is significantly enhanced as first provider on the MyShield platform, and the increased profile and access to data has also driven clients to BrandShield's existing business," said Wood.
MyShield will be rolled out across the e-commerce market in 2019 after its initial focus on the cryptocurrency market.
As of 1157 GMT, Blenheim Natural Resources' shares were down 6.10% at 0.39p.
MyShield is designed to bring trust to the e-commerce and online market, in which counerfeits and piracy are estimated to reach $2.81tn in 2020, by alerting users to fraudulent websites, counterfeit online sales and various other types of online scams.
AIM-traded investment company Blenheim holds an 8.95% interest in cyber security company BrandShield following an investment of $1.05m in December.
Charlie Wood, executive chairman of Blenheim Natural Resources, said: "The experience garnered from its existing business, which already provides fraud protection services to multiple global brands, as well as its expansion into the crypto currency arena, means that BrandShield is ideally positioned to provide a much-needed global solution."
Brandshield's technology is currently used by brands such as VISA, Credit Suisse, New-Balance and Radisson Hotels to protect against online scams, and has significant exposure to the cryptocurrency market through involvement with ShapeShift, eToro, WePower, Jet8 and Current.
"We expect to see significant value accretion in MyShield as a community and platform, as well as a clear rise in value of cash and tokens on BrandShield's balance sheet, raised via the ICO with no dilution to existing BrandShield shareholders. Additionally, BrandShield's value is significantly enhanced as first provider on the MyShield platform, and the increased profile and access to data has also driven clients to BrandShield's existing business," said Wood.
MyShield will be rolled out across the e-commerce market in 2019 after its initial focus on the cryptocurrency market.
As of 1157 GMT, Blenheim Natural Resources' shares were down 6.10% at 0.39p.
Related share prices |
---|
Blenheim Natural Resources (BNR) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price