Everything Blockchain Participates in World Blockchain Summit

Rhea-AI Summary

Everything Blockchain Inc. (OTCMKTS: OBTX) recently announced a strategic timeline for the introduction of its enterprise product, EB Control, to the Middle East and North Africa (MENA) region following the World Blockchain Summit in Dubai. The summit, attended by over 1,000 blockchain professionals, facilitated connections with key industry players. The global blockchain market is expected to grow significantly, reaching USD 117.77 billion by 2028, offering substantial opportunities for the company as it leverages its blockchain innovations to address critical business needs.

Positive

• Establishment of a timeline for EB Control product launch in the MENA region.
• Participation in the World Blockchain Summit, enhancing visibility and networking opportunities.
• Significant growth potential in the global blockchain market, projected to reach USD 117.77 billion by 2028.

Negative

• None.

Develops implementation schedule for product introduction in Middle East North Africa

Jacksonville, Florida, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Everything Blockchain Inc., (OTCMKTS: OBTX), a technology company that enables real-world use of blockchain to solve critical business issues, attended the World Blockchain Summit (WBS) in Dubai, United Arab Emirates.

The summit, held from Oct. 17-19, connected over 1,000 leading blockchain experts with policy makers, government authorities, influencers, entrepreneurs, and investors.  The event provided Everything Blockchain Inc.'s (EBI) team an opportunity to share their expertise and innovative blockchain technology with over a hundred members of the blockchain community from around the globe.

EBI’s team in attendance consisted of Toney Jennings, CEO, Brandon Hart, Chief Technology Officer and Board of Directors member, Eric Jaffe.  “The Dubai event serves as a valuable opportunity to connect with other leaders in the blockchain space,” said Toney Jennings, Chief Executive Officer, EBI. “The WBS provided an opportunity to engage with dozens of people and companies interested in our zero-trust data security and blockchain technologies. During our visit in Dubai, we were successful in establishing a timeline with our strategic partner for our product, the enterprise version of EB Control, to enter the Middle East and North African region in 2022.”

“I couldn’t be prouder of our team’s great presentation.  The interest they have received in Dubai has created some great opportunities for our business,” stated Michael Hawkins, Everything Blockchain’s Chairman of the Board.

The blockchain market continues to rapidly grow. According to ResearchAndMarkets.com the Global Blockchain Market was valued at USD 4.56 Billion in 2021, and it is expected to reach a value of USD 117.77 Billion by 2028, at a CAGR of more than 59.12% over the forecast period (2022 - 2028).

For more information about EBI, visit everythingblockchain.io.

About Everything Blockchain Inc.
Everything Blockchain, Inc. (OTCMKTS: OBTX) envisions a future where every transaction is trusted and blockchain is used to meet ESG goals, support cities of the future, build and control the transparency of supply chains and ensure the rights of data ownership sustain forever. The company’s patent-pending advances in blockchain engineering deliver the essential elements needed for real-world business use: speed, security, and energy efficiency. Current sub-brands include: EB Advise, EB Build and EB Control. For more information, please visit https://www.everythingblockchain.io/

Forward Looking Statements
This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan” or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of blockchain and zero trust- based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

FAQ

What is the latest news from Everything Blockchain Inc. (OBTX)?

Everything Blockchain Inc. announced a timeline for launching its EB Control product in the Middle East and North Africa after attending the World Blockchain Summit in Dubai.

What opportunities were created for OBTX at the World Blockchain Summit?

The World Blockchain Summit facilitated connections with numerous blockchain leaders and potential partners interested in OBTX's zero-trust data security and blockchain technologies.

What is the expected growth of the global blockchain market relevant to OBTX?

The global blockchain market is projected to grow from USD 4.56 billion in 2021 to USD 117.77 billion by 2028, indicating strong market opportunities for OBTX.

Who represented Everything Blockchain Inc. at the World Blockchain Summit?

The team included CEO Toney Jennings, CTO Brandon Hart, and Board member Eric Jaffe.