IDGlobal Corp. Announces Launch of Azure Blockchain Inc.

Rhea-AI Summary

IDGlobal Corp. (IDGC) has launched a new subsidiary, Azure Blockchain, Inc., aimed at developing asset-backed cryptocurrencies linked to tangible assets like commodities and real estate. This initiative is positioned to enhance secure and cost-effective trading of real-world assets using blockchain technology. Azure also plans to integrate its blockchain with IoT technology to improve energy monitoring and payments, benefiting sectors such as industrial, government, and education. This strategy aligns with IDGC's mission of fostering early-stage companies and exploring middle-market international investment opportunities.

Positive

• Launch of Azure Blockchain, Inc. focused on asset-backed cryptocurrencies.
• Potential to facilitate secure and cost-effective trading of tangible assets.
• Integration of blockchain with IoT for improved energy monitoring.

Negative

• None.

WHEATON, IL / ACCESSWIRE / May 28, 2021 / IDGlobal Corp. (OTC PINK:IDGC) is pleased to announce the Company has launched Azure Blockchain, Inc., a wholly-owned subsidiary that will focus on all aspects of Asset-back cryptocurrency that are built on top of any Blockchain network. Asset-backed cryptocurrency can be associated with tangible assets like commodities, precious metals, real estate, or assets that host development upside. These currencies can easily facilitate the cost-effective, instant, and secure trading of real-world assets. In addition to the increasing value markets have been giving to these Blockchain currencies, Azure intends on developing currencies that have a tangible component.

Azure's blockchain technology could also be used by large electricity customers in the industrial, government, education, and utility sectors.

ABOUT AZURE BLOCKCHAIN

Azure Blockchain will leverage its Blockchain strategy to include various tangible assets, which may include, gold, silver, and other mining assets, real estate, business assets, to name a few. Azure's development, use, and adaptation of blockchain technology is positioned to use newly created currencies to build secure and tangible asset value for the holders. Because blockchain technology shares records of transactions and is updated by a network of computers instead of a central authority, every transaction within the system will be secure, time-stamped, and linked with previous and subsequent transactions that can be seen by anyone with access to a given blockchain. Moreover, the technology has the potential to be ideal when it comes to simplifying complicated transactions and helping to digitally track physical assets, such as electricity, as they make their way from point A to point B. Because blockchain can be used to monitor energy consumption, Azure intends to incorporate the technology to be used in conjunction with IoT technology to better measure energy usage and collect payments. This will also serve to assist consumers and businesses to identify where energy is coming from and whether it is from a renewable source.

ABOUT NOVEDA

Noveda Technologies is an innovative leader in real-time, web-based energy and water monitoring. The company's patented software solutions help reduce energy and water usage, optimize performance of renewable energy systems, and reduce the carbon footprint for customers across commercial, retail, government, education, and utility sectors. Currently, headquartered in White Plains, New York and a pure play Software as a Service (SaaS) provider

IDGC's Plan of Operations.

IDGC is an emerging growth company under the JOBS Act of 2012 and, as a diversified holding company, will focus on emerging and middle-market international investment opportunities through its subsidiaries. IDGlobal Corp. is an organization engaged in the business of fostering early-stage companies through the different developmental phases until the companies have sufficient financial, human, and physical resources to function on their own.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. Please read the full disclaimer at www.idglobalcorp.io.

Contact:

idglobalinfo@gmail.com

SOURCE: IDGlobal Corp.

View source version on accesswire.com:
https://www.accesswire.com/649586/IDGlobal-Corp-Announces-Launch-of-Azure-Blockchain-Inc

FAQ

What is Azure Blockchain, Inc. launched by IDGlobal Corp.?

Azure Blockchain, Inc. is a subsidiary of IDGlobal Corp. focused on developing asset-backed cryptocurrencies linked to tangible assets.

How will Azure Blockchain benefit energy monitoring?

Azure Blockchain intends to integrate its technology with IoT to enhance energy usage measurement and facilitate secure payments.

What assets will Azure Blockchain focus on?

Azure Blockchain will focus on tangible assets such as commodities, precious metals, and real estate.

What is IDGlobal Corp.'s mission with Azure Blockchain?

IDGlobal Corp. aims to foster early-stage companies and explore international investment opportunities through its subsidiary Azure Blockchain.

When was Azure Blockchain, Inc. announced?

Azure Blockchain, Inc. was announced on May 28, 2021.