Silver Scott Mines Blockchain Platform to Offer Counterparty Vetting Protocols and Enterprise KYC Frameworks

Rhea-AI Summary

Silver Scott Mines (SILS) has announced the launch of its enterprise-grade private blockchain platform using Hyperledger Fabric technology. The platform will provide a secure ecosystem for asset tokenization with strict KYC/AML checks and permissioned access.

The company's proprietary ecosystem token will operate exclusively within the SILS network, facilitating transactions among pre-vetted corporate partners and financial entities. The system is expected to reduce onboarding costs by 30-50% through reusable digital identities while maintaining regulatory compliance.

SILS has initiated asset tokenization through a letter of intent with Aviation Unlimited to tokenize high-value aircraft via NFTs for fractional ownership. The company targets sectors including aviation, healthcare, and FinTech, where private blockchain adoption is projected to grow at 40% CAGR through 2027. According to industry data, 83% of enterprises prioritize permissioned networks for real estate tokenization.

Positive

• Platform expected to reduce onboarding costs by 30-50%
• Secured letter of intent with Aviation Unlimited for aircraft tokenization
• Operating in high-growth sector with 40% CAGR projection through 2027

Negative

• Platform not yet operational - still in development phase
• Revenue generation timeline unclear
• Depends on successful integration with traditional financial institutions

FRANKLIN, NJ / ACCESS Newswire / February 7, 2025 / Silver Scott Mines, Inc. (Pink Sheets:SILS) today announced it will launch its enterprise-grade private blockchain platform, leveraging Hyperledger Fabric or similar technology to deliver a secure ecosystem for asset tokenization with rigorous KYC/AML checks and permissioned access.

Public blockchains like Bitcoin operate as open networks where anyone can participate anonymously, while private chains like SILS' will restrict access to verified institutions that pass rigorous KYC/AML checks - ensuring compliance and reduced fraud risks.

SILS' proprietary ecosystem token, which remains exclusively within the SILS network, facilitates transactions solely among pre-vetted corporate partners and financial entities, which provides audit-ready transparency through permissioned node governance. This closed-loop system ensures that the SILS token operates within a controlled environment, enhancing security and regulatory compliance for institutional participants.

By leveraging blockchain's tamper-resistant record-keeping capabilities alongside institutional KYC frameworks, SILS will empower trusted counterparties to streamline compliance processes. This integration allows for the creation of reusable digital identities, significantly reducing onboarding costs by 30-50% while ensuring adherence to regulatory compliance and governance oversight requirements.

Sector-Specific Network Chains

Private blockchains are poised to transform institutional asset management, with 83% of enterprises prioritizing permissioned networks for real estate tokenization due to immutable title tracking and automated yield distribution via smart contracts.

In FinTech and healthcare, adoption is accelerating as private chains enable compliant fractionalization of revenue-generating assets (loan portfolios, medical equipment leases) while maintaining GDPR/HIPAA-grade data governance - a critical advantage driving projected 40% CAGR in regulated-sector blockchain deployments through 2027.

These are some of the core areas the company plans to target in 2025.

Assets into Private Blockchain

The company has begun the process of tokenizing assets within its blockchain ecosystem through its recent letter of intent with Aviation Unlimited, which brings decades of aviation expertise to tokenize high-value aircraft via NFTs for fractional ownership.

This acquisition will mark the first in SILS' pipeline of institutional-grade assets targeted for blockchain enablement, prioritizing sectors like aviation where verifiable revenue streams and physical collateral align with compliance-focused fractionalization strategies.

About Silver Scott Mines, Inc

Silver Scott Mines, Inc. (OTC: SILS) is a forward-focused holding company accelerating blockchain integration across traditional asset classes. Specializing in private blockchain solutions for institutional-grade tokenization, the company enables fractional ownership models and cryptographic validation of assets through TrustNFT™ technology. The company acquisition pipeline will target blockchain-enhanced opportunities in healthcare, cleantech, and digital platforms.

Follow on X: https://x.com/silverscottmine

Forward Looking Statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

Contact Information

Stuart Fine
CEO
stuartfine@silverscottmines.com
908-356-9852

SOURCE: Silver Scott Mines Inc.

View the original press release on ACCESS Newswire

FAQ

What is SILS's new blockchain platform's main feature?

SILS's new blockchain platform features enterprise-grade private blockchain technology with strict KYC/AML checks and permissioned access for verified institutions.

How much cost reduction does SILS's blockchain platform promise?

SILS's blockchain platform promises to reduce onboarding costs by 30-50% through reusable digital identities.

What is SILS's first major tokenization project?

SILS's first major tokenization project involves partnering with Aviation Unlimited to tokenize high-value aircraft via NFTs for fractional ownership.

What is the projected CAGR for SILS's target market through 2027?

The regulated-sector blockchain deployments, which is SILS's target market, is projected to grow at 40% CAGR through 2027.

How does SILS's token differ from public cryptocurrencies?

SILS's token operates exclusively within a closed-loop network among pre-vetted corporate partners, unlike public cryptocurrencies that allow anonymous participation.