VANCOUVER, BC, January 14, 2021 / PRNewswire / – TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FSE: 9SQ1) (OTC: TAALF) (“TAAL” or the “Company”), a vertically integrated blockchain infrastructure and enterprise service provider, reported today The company has started operating the blockchain infrastructure at its facility in Alberta, CanadaThis is an important step in supporting the future of transaction processing on an enterprise scale.
“We are pleased to mark this important first step towards reaching our operational infrastructure milestone for 2021. Despite the global pandemic challenges, we have successfully started the next generation of blockchain infrastructure operations from TAAL in Alberta, Canada according to schedule. This brings trusted, compliant blockchain transaction solutions to global enterprise customers online, “comment Stefan Matthews, TAAL CEO and Executive Chairman.
As announced on 17th November 2020 and December 23, 2020The blockchain computers recently purchased by TAAL will help provide the computing power required for enterprise customers to gain business advantage using TAAL transaction processing services. TAAL will continue to provide its newly acquired computing power as planned until 2021, enabling TAAL to support the growth in transaction volume and meet the scalability requirements of clients processing transactions via TAAL on the Bitcoin SV (“BSV”) blockchain.
About TAAL Distributed Information Technologies Inc.
TAAL Distributed Information Technologies Inc. offers blockchain services with added value and offers professional, highly scalable blockchain infrastructure and transaction platforms to help companies build solutions and applications on the BSV platform and develop, operate and manage distributed computer systems for Support corporate users.
Visit LANGUAGE online at www.taal.com
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CAUTION REGARDING FUTURE INFORMATION
Certain statements contained in this press release constitute “forward-looking information” within the meaning of applicable Canadian securities legislation. The words “will,” “intend,” “expects” and similar expressions are intended to identify forward-looking information, although not all forward-looking information includes those identifying words. Specific forward-looking information in this press release includes, but is not limited to, statements regarding: TAAL’s blockchain infrastructure operations in Alberta;; Transaction processing; and TAAL’s growth and business strategies. These statements are based on factors and assumptions relating to historical trends, current conditions and expected future developments. Since forward-looking information relates to future events and conditions, assumptions that involve risks and uncertainties must naturally be made. TAAL cautions that these risks and uncertainties, although it is believed that the assumptions are reasonable under the given circumstances, create the possibility that actual results may differ materially from expectations. Significant risk factors include the future uptake of FSIO and other digital assets as well as risks related to information processing on these platforms, TAAL’s ability to leverage intellectual property into viable income streams, and other risks outlined in point 20 Risk Factors of TAAL’s form 2A – are listed. Listing statement from July 31, 2018 and elsewhere in TAAL’s rolling disclosure documents available on SEDAR at www.sedar.com. Given these risks, undue reliance should not be placed on the forward-looking information contained herein. Other than required by law, TAAL assumes no obligation to update any forward-looking information to reflect new information later or otherwise.
SOURCE Taal Distributed Information Technologies Inc.