Veemost Technologies Inc. Announces Development of Blockchain Platform to Revolutionize Digital Operations and Enterprise Solutions
VeeMost Technologies Inc. (OTC:GDVM) announced the development of a proprietary enterprise-grade blockchain platform for businesses and government organizations. The platform will focus on supply chain management, licensing, digital identities, and payments, including integration with VeeMost's e-commerce store, VeeStore.
The project is structured in four phases over 18 months: Research and Planning (3 months), Development and Testing (6 months), Pilot Rollout (3 months), and Public Launch (6 months). Revenue streams will include licensing fees, subscription plans, transaction fees, and consulting services.
The blockchain platform aims to balance flexibility and governance, making it suitable for enterprises, educational institutions, and government agencies. The initiative supports VeeMost's preparation for a planned Nasdaq uplisting.
VeeMost Technologies Inc. (OTC:GDVM) ha annunciato lo sviluppo di una piattaforma blockchain proprietaria di livello enterprise per aziende e organizzazioni governative. La piattaforma si concentrerà sulla gestione della catena di approvvigionamento, licenze, identità digitali e pagamenti, inclusa l'integrazione con il negozio online di VeeMost, VeeStore.
Il progetto è strutturato in quattro fasi su un periodo di 18 mesi: Ricerca e Pianificazione (3 mesi), Sviluppo e Testing (6 mesi), Lancio Pilota (3 mesi) e Lancio Pubblico (6 mesi). Le fonti di reddito includeranno diritti di licenza, piani di abbonamento, commissioni sulle transazioni e servizi di consulenza.
La piattaforma blockchain mira a bilanciare flessibilità e governance, rendendola adatta a imprese, istituzioni educative e agenzie governative. L'iniziativa supporta la preparazione di VeeMost per una prevista quotazione al Nasdaq.
VeeMost Technologies Inc. (OTC:GDVM) anunció el desarrollo de una plataforma blockchain propietaria de nivel empresarial para negocios y organizaciones gubernamentales. La plataforma se enfocará en la gestión de la cadena de suministro, licencias, identidades digitales y pagos, incluyendo la integración con la tienda de comercio electrónico de VeeMost, VeeStore.
El proyecto está estructurado en cuatro fases a lo largo de 18 meses: Investigación y Planificación (3 meses), Desarrollo y Pruebas (6 meses), Implementación Piloto (3 meses) y Lanzamiento Público (6 meses). Las fuentes de ingresos incluirán tarifas de licencia, planes de suscripción, comisiones por transacciones y servicios de consultoría.
La plataforma blockchain busca equilibrar flexibilidad y gobernanza, lo que la hace adecuada para empresas, instituciones educativas y agencias gubernamentales. La iniciativa apoya la preparación de VeeMost para una prevista cotización en el Nasdaq.
VeeMost Technologies Inc. (OTC:GDVM)는 기업 및 정부 기관을 위한 기업급 블록체인 플랫폼 개발을 발표했습니다. 이 플랫폼은 공급망 관리, 라이센스, 디지털 신원 및 결제를 중점적으로 다루며, VeeMost의 전자상거래 스토어인 VeeStore와의 통합을 포함합니다.
이 프로젝트는 18개월에 걸쳐 네 가지 단계로 구성됩니다: 연구 및 계획(3개월), 개발 및 테스트(6개월), 파일럿 롤아웃(3개월), 및 공개 출시(6개월). 수익원에는 라이센스 요금, 구독 계획, 거래 수수료 및 컨설팅 서비스가 포함됩니다.
블록체인 플랫폼은 유연성과 거버넌스를 균형 있게 추구하여 기업, 교육 기관 및 정부 기관에 적합하게 설계되었습니다. 이 이니셔티브는 VeeMost의 예상되는 나스닥 상장을 위한 준비를 지원합니다.
VeeMost Technologies Inc. (OTC:GDVM) a annoncé le développement d'une plateforme blockchain propriétaire de niveau entreprise pour les entreprises et les organisations gouvernementales. La plateforme se concentrera sur la gestion de la chaîne d'approvisionnement, les licences, les identités numériques et les paiements, y compris l'intégration avec le magasin de commerce électronique de VeeMost, VeeStore.
Le projet est structuré en quatre phases sur 18 mois : Recherche et Planification (3 mois), Développement et Tests (6 mois), Déploiement Pilote (3 mois) et Lancement Public (6 mois). Les sources de revenus comprendront des frais de licence, des plans d'abonnement, des frais de transaction et des services de consultation.
La plateforme blockchain vise à équilibrer flexibilité et gouvernance, ce qui la rend adaptée aux entreprises, aux établissements d'enseignement et aux agences gouvernementales. L'initiative soutient la préparation de VeeMost pour une éventuelle introduction au Nasdaq.
VeeMost Technologies Inc. (OTC:GDVM) hat die Entwicklung einer proprietären Blockchain-Plattform für Unternehmen und Regierungsorganisationen angekündigt. Die Plattform wird sich auf das Lieferkettenmanagement, Lizenzen, digitale Identitäten und Zahlungen konzentrieren, einschließlich der Integration mit VeeMosts E-Commerce-Store, VeeStore.
Das Projekt ist in vier Phasen über 18 Monate strukturiert: Forschung und Planung (3 Monate), Entwicklung und Test (6 Monate), Pilotrollout (3 Monate) und öffentliche Einführung (6 Monate). Die Einnahmequellen umfassen Lizenzgebühren, Abonnements, Transaktionsgebühren und Beratungsdienste.
Die Blockchain-Plattform zielt darauf ab, Flexibilität und Governance in Einklang zu bringen, um sie für Unternehmen, Bildungseinrichtungen und Regierungsbehörden geeignet zu machen. Die Initiative unterstützt VeeMosts Vorbereitung auf eine geplante Nasdaq-Notierung.
- Development of new revenue streams through blockchain platform licensing, subscriptions, and transaction fees
- Strategic expansion into blockchain technology with practical applications
- Integration with existing e-commerce platform to reduce transaction fees and settlement times
- Planned uplisting to Nasdaq indicates potential market expansion
- 18-month development timeline before full revenue generation
- Significant resource investment required for multi-phase development
- No immediate revenue impact from the announcement
Red Bank, NJ, Jan. 21, 2025 (GLOBE NEWSWIRE) -- VeeMost Technologies Inc., formerly Global Developments, Inc. (OTC:GDVM), a publicly listed company and an emerging leader in technology consulting and digital transformation, is pleased to announce its strategic initiative to build a proprietary enterprise-grade blockchain platform aimed at empowering businesses and government organizations with secure, transparent, and efficient digital solutions. This initiative marks VeeMost’s entry into the blockchain ecosystem with a focus on real-world applications that address supply chain management, licensing, digital identities, and payments.
The development of this blockchain is aligned with VeeMost’s commitment to fostering innovation, trust, and transparency for its clients and will further position the company as a key player in the evolving digital economy. The platform will not only serve external clients but also be integrated into VeeMost’s e-commerce store, VeeStore (store.veemost.com), to streamline payment processing, product verification, and licensing services.
An Open Yet Controlled Blockchain System
Unlike public blockchains that lack regulatory oversight or private systems with limited scalability, VeeMost’s blockchain will balance flexibility and governance, making it an ideal platform for enterprises, educational institutions, and government agencies seeking robust solutions for secure and automated processes.
“Our blockchain platform is being designed to solve specific problems for our clients,” said Melvin Ejiogu, President of VeeMost Technologies Inc. “By leveraging this platform internally and externally, we will enhance our operational efficiency, strengthen client trust, and create new revenue streams that position us for long-term growth.”
Project Timeline and Key Milestones
The project is structured into four key phases to ensure timely development, rigorous testing, and successful market entry:
Phase 1: Research and Planning (Months 1-3)
- Finalize blockchain architecture and staffing plans.
- Secure strategic partnerships and identify pilot clients.
Phase 2: Development and Initial Testing (Months 4-9)
- Build the foundational blockchain layer and smart contract functionality.
- Release a Minimum Viable Product (MVP) for internal testing and feedback.
3. Phase 3: Pilot Rollout (Months 10-12)
- Conduct pilot deployments for key clients, including supply chain verification, licensing automation, and digital identity use cases.
- Integrate VeeStore as a pilot use case to accept blockchain-enabled payments and enable customers to verify product authenticity and digital licenses.
4. Phase 4: Public Launch (Months 13-18)
- Official rollout of the blockchain platform with comprehensive APIs for partners.
- Launch subscription-based access, licensing plans, and transaction services for enterprises, schools, and resellers.
By integrating blockchain into VeeStore, VeeMost will enhance its e-commerce payment processes, allowing customers to make secure payments with cryptocurrency or traditional methods while reducing transaction fees and settlement times.
Revenue Growth and Monetization
VeeMost’s blockchain platform will generate revenue through several streams, including:
- Licensing Fees: Organizations can license the platform for digital identity verification, supply chain transparency, and smart contracts.
- Subscription Plans: Clients can subscribe to Blockchain-as-a-Service (BaaS) for managed blockchain environments tailored to their needs.
- Transaction Fees: Revenue will be generated through low-cost transaction processing and asset-tracking services.
- Consulting Services: VeeMost will offer advisory services for blockchain integration, smart contract development, and decentralized application (dApp) creation.
Supporting VeeMost’s Nasdaq Uplisting Strategy
This blockchain initiative supports VeeMost’s broader goals of expanding its market reach and increasing revenue as the company prepares for an uplisting to Nasdaq in near future. The projected timeline ensures that the platform will be operational within 18 months, contributing to VeeMost’s long-term strategy of sustainable growth and innovation.
About Veemost Technologies Inc.
VeeMost Technologies Inc. is a technology solutions provider specializing in network infrastructure, cloud services, IT consulting, and digital transformation. With a focus on government, education, and enterprise markets, VeeMost delivers customized solutions that empower organizations to operate securely and efficiently in a digital-first world.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by the use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimates," "projects," "intends," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, the Company's ability to successfully execute its expanded business strategy, including by entering into definitive agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technical advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, regulatory requirements and the ability to meet them, government agency rules and changes, and various other factors beyond the Company's control.
CONTACT:
VeeMost Technologies, Inc.
info@veemost.com
FAQ
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