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Blockchain and Data Privacy - Blockchain DNA?
On April 27, 2016 the European Union (“EU”) adopted a new data privacy regulation, the “General Data Protection Regulation (GRPR)" which is due to take effect this year (2018). This regulation restricts companies from using or sharing personal data and this regulation applies to the most miniscule of data such as your name, phone number or email address.
Penalties for violating these regulations are very strict, up to 4% of annual revenue or €20M per occurrence. This means if a company accidentally shares your email address they are subject to a violation. As you can imagine, a breech, such as the one that happened to Target, could cost enough to put a company out of business. Of course, this is only in the EU so does not apply to companies unless they are doing business in most EMEA countries which many do.
And along comes Blockchain. The open ledger and anonymous nature of the Blockchain is very intriguing for data privacy. Can it be applied to email? Contracts? HR data? Let’s hope that somewhere Carl Grant and his small panel of experts are already working on a plan for this because this is going to be a multi-billion dollar industry THIS YEAR, at least for the European Union once they start applying penalties. Most companies are behind the ball on this regulation so once the penalties start coming in they are going to open the checkbooks for a solution. As these data privacy laws are adopted globally this will become a multi-trillion dollar industry.
I just hope Blockchain DNA is on this. The Corp. headquarters in in the UK, I would imagine they are aware of it and timing is pretty good as far as creating the new subsidiary.
-Rocket
In the release they have "tour" instead of "our".
That misspelled word is driving me crazy. Is this the work of the new Investor Relations company?
I wouldn't take "Advisor to BTCS" to seriously. That company tanked. Still, their stock is over $0.06. Is Bruce Fenton supposed to be part of this new subsidiary?
They have more than $300K in the bank, that was just to fund the subsidiary BlockchainDNA. DNA Dynamics is still working on other stuff. The BlockchainDNA is a subsidiary created to look for opportunity in Blockchain and crypto currency.
As the EU tightens the data privacy laws companies are scrambling to gain compliance. There is an amazing opportunity for Blockchain when it comes to personal data privacy and protection.
https://homepage.cs.uiowa.edu/~ghosh/blockchain.pdf
But wait, there's more.
The announcement said that BlockchainDNA was a subsidiary, DNA Dynamics is still around. They just parlayed the Bitcoin ATM patent into another facet of the company. I am wondering what the next news will be since they have been working on something else since December and haven't yet announced it.
I am thinking more like $1
Ok boys and girls, we'll put a pin in this and revisit next week. Lets hope for some good news releases over the weekend. I would like to see this company rise from the ashes like a Phoenix and take to the clouds!!
Blast Off!
-Rocket
That is the building where the IP traces back to, not a DNAD address. It's just a big building with a lot of switches, routers and servers in it. Look on Google, lots of air vents.
I'll give them a million of mine for $1 each.
100K at .00625 and now the ask is 10K at .0054?? Who does that?? Momentum breaker? Actually, it doesn't matter because when the news release happens that is going to get gobbled up in a second.
He said that this would be part of their "cash reserves". Whatever he is doing they already have the $$ for it and were already in progress months ago. I like the fact that they are not dependent on this sale to keep this going, it only helps to drive this plan even better.
Registration date on dnablockchain is May of 2008. Someone was way ahead of the curve on that one. I am thinking this may not be a DNAD site after all. It would be cool and the longer we pontificate without any news the tale grows ever taller.
Source: whois.arin.net
IP Address: 66.147.244.211
Name: UNIFIEDLAYER-NETWORK-4
Handle: NET-66-147-240-0-1
Registration Date: 5/5/08
Range: 66.147.240.0-66.147.255.255
Org: Unified Layer
Org Handle: BLUEH-2
Address: 1958 South 950 East
City: Provo
State/Province: UT
Postal Code: 84606
Country: United States
So DNAD gets $525K not $700K. Still....we're done with that one. Moving on.
Sorry, I called the IR firm, didn't realize that was a DNAD phone number. BlockchainDNA?? I am curious how long that has been an option on the phone system. I Googled it and of course there was nothing relating to this company.
Found a website, nothing there.
http://blockchaindna.com/index.html
Found a Twitter account, nothing there.
@Blockchaindna
I wonder if these are related.
DraftKings and FanDuel are 2 "skilled gaming platforms" that are currently operating online. They brought in a combined $3B in 2015 and they don't use Crypto. Is this the kind of skilled gaming platform Carl is going to announce? The 2018 Strategic Direction letter said that it would be a platform where subscribers play against each other and would pay in crypto. It also said that it would be sports based.
http://awfulannouncing.com/2016/draftkings-and-fanduel-took-in-3-billion-in-entry-fees-in-2015.html
Makes me wonder...
As we wind on down the road.
I have already called investor relations. The company appears to be one guy and you can leave a message on his machine, he will call you back. I am not putting any stock in the fact that they have a company to handle investor relations. I am only interested in this skilled gaming platform they said they were going to create or acquire and use crypto currency to pay players.
Keep in mind, they are still a game company so they are making a game that people will subscribe to. I don't know that this is going to be a huge winner but the projections from Carl in the Strategic Direction letter was that they would have a market cap of $100M by 2019. I am ok with that but with the current outstanding shares at 4.1B that equates to about .025/share. That was my goal when I bought into this stock, just need to realize it soon. I don't like having my portfolio jump up and down so much on +/-.0001. This is crazy!
They just made $700K selling an unenforceable Bitcoin ATM patent and are days away from announcing their play into crypto currency. In Dec they sent "Strategic Direction for 2018" letter out to shareholders and they are right on schedule.
Here is the plan per the letter:
"Our aim is to create a ‘skills-based gaming’ platform where players pit themselves one against the other to put their knowledge and experience to the test for profit. A really good explanation of what Skills Based Gaming is can be found in Nevada’s Regulation 14.010(10) which states that “a Game of skill is defined as a game in which the skill of the player, rather than chance, is the dominant factor in affecting the outcome of the game as determined over a period of continuous play.”
In the letter it also states, "In order to comply with the various State rules around Games of Skill, we went looking for a compliant ‘payment processing system’ that allowed gamers to ‘swap’ their winnings for crypto-currencies or ‘game-coins’ that can either be stored in a digital wallet or even used within other games."
Well folks, DNAD CEO Carl Grant is days away from revealing their new platform and infrastructure system and there is nothing but crickets on the market. They are actually moving forward with a strategic plan and have capital to make it happen WITHOUT further diluting stock or borrowing money. In fact, since January they have erased 5 billion shares off the market. Yes, they still have a lot outstanding (public float of 166M) but the new CEO is working hard to create revenue and increase shareholder value. In 2017 the stock popped to .05 just on the news that they bought a Bitcoin ATM Patent and this is way bigger than that. Going back up to .05 would be 1000% increase if that happened now.
Here is a link to the Strategic Direction letter if anyone is interested.
https://docs.wixstatic.com/ugd/13c26f_84c63c242a864cd6a529194467312508.pdf
I would really like to know what the plan is. Per the last news release about the ATM patent they were going to announce the next phase in "days". Well, it's been days and still no new news. If they don't come out with a NR by Friday I will start to be concerned but at this point I have to assume that they are diligently ironing out the last details of whatever they have in store for DNAD. And, yes, they need to initiate the next sequence for sure.
I have about 2 million shares at this point. I would love to see a 10/1 reverse split as part of the new announcement.
Not only has Carl dissolved 5B shares of his own but he is working on non dilutive ways to right this ship. I am impressed and looking forward to what he can do for shareholders and employees of DNA going forward.
788K on the block at .0047. I wonder why anyone would sell that now with the pending news release just hours to days away. I can wait until the end of Q1 for Carl's strategic direction. I am really curious how all this stuff he has been working on will do. He stated in the Strategic Direction that he wanted to have a 100M market cap by 2019 which is around $0.025/share and I hope he has found a way to do even better since December. We'll see soon.
What's up everybody? We need a big announcement today or tomorrow. I am ready to see this go up!
Carl said a few days....that means this week is the week we find out about the new direction and business in the crypto space. Lots have been guessing and some have lost interest but this week should be a real game changer for DNAD.
GLTA!
I am curious about the technology they acquired from SLAM Productions and whether that is part of the new strategy.
The link to the 2018 strategic direction is on this website right above the chat board. There is some helpful info there. If you go to the "About" section on dnadynamicsinc.com you will see some other info that is very interesting.
They sold the patent for $700,000 cash. They no longer own nor get royalties from the patent. If you think that is a bad thing you should go read the patent. Not only that, they expected $1M/yr on royalties which means little to nothing on the stock. Better to invest in their new business which, per the "2018 Strategic Direction" letter to shareholders, is a skills gaming platform and infrastructure which pays players in crypto. This was outlined in detail in the December letter. They are right on track and per the last NR they are days away from unveiling their new system. Per the letter they expected to have a $100M market cap by 2019 which means they expect to have a pretty significant revenue off this. Not just pie in the sky ideas but a real working system that people use and subscribe to globally.
Sorry if the answer was too long winded.
So much for the tight float. I guess compared to 4.1 billion it's still tight.
DNAD was already evaluating a gaming system and infrastructure in December. I think they were going to acquire the platform and add crypto to the space. At least, that is what I gathered from the 2018 strategic letter released in December. Now we just need the announcement.
Somebody knows something big is about to happen.
The patent is basically a description of a Bitcoin ATM machine in great detail. There was no technology patented. You can Google and read it.
If he is staying true to his Strategic Direction letter in December, he is working on a skills based platform that uses crypto as payment which can be exchanged for Bitcoin and other cryptos. His plan was to acquire the platform and the infrastructure and expected to have 10,000 active monthly players and $100M market cap. If they accomplish this goal the stock should be trading around $0.024/share.
The one that they were evaluating was sports based so looks like the deal may go through after March Madness but could be inked sooner, maybe already done.
https://docs.wixstatic.com/ugd/13c26f_84c63c242a864cd6a529194467312508.pdf
My guess is that Bitcoin ATM Patent, LLC is a law firm and are going to file about 1000 law suits for back royalties. I read the patent and it's very general but I am sure the law dogs looked over it and saw potential otherwise it would not have been purchased. I don't know if this was the plan going in and not sure what they paid for the patent but I am glad to see that this $700K is "reserves" and not needed to keep going. I can't wait for the next release on what the heck they are going to be doing going forward.
BTW, anyone see that their mobile video games where having a resurgence in Asia? I wonder if they have been working on anything to do with that. I wouldn't think it's much money but anything helps at this point.
Where did you read that they paid $50K for the patent?
I had a bid in for 2,000,000 @ .005 and only got 250K shares.
I hope we have a Kodak moment.
I added 600K yesterday and will try and get a mil today. GLTA!!
Time to load up. Phase 2 will be announced on Monday March 12.
https://www.morningstar.com/news/access-wire/ASW_Accesswire_492338MSN/dna-dynamics-inc-engages-quotcomplete-advisory-partnersquot-to-manage-investor-relations.html
Time to make 1000% on my investment!
Sorry, Phase 2 soon, new website and Investor Relations info Monday the 12th. Either way, load up...this is going to be moving very soon. I picked up 600,000 more shares today at $0.005, hell of a deal.