NEWS ! NovaTeqni Receives Request For Proposal For Blockchain Solution
Calgary, Alberta / TheNe wswire / October 5, 2017 – NovaTeqni Corporation (“ NovaTeqni ” or the " Company ") (TSXV - NTQ: OTCQB - NVTQF) is pleased to announce that the first version of the blockchain Farmers Management System is being proposed to an African country that requested
that the Company submit a proposal based on the success of the system in Malawi.
Representatives flew to South Africa to see a demonstration of the Farmers Management System in operation and requested a formal proposal submitted as soon as possible.
The Farmers Management System originally launched in Malawi, includes government quality biometrics, fixed offices, wireless and land line communications, cloud based computing, and mobile biometrics systems.
Farmers were issued secure contactless smart cards containing biometrics data to allow instant identification. The system contains administrative functionality such as financial reporting and crop related reporting which led to an improvement in efficiency and capability within the important farming sector The new blockchain based system will be customizable to work for different standard and non-standard product applications such as Know Your Client, student registration, access control, time and attendance, health plans, driver’s licences, voter validation, voter registration, and money transfers.
The newly proposed Farmers Management System will have distributed ledger smart contracts (blockchain) as the core of its technology. The Blockchain Farmers Management System is a practical example of where blockchain can be used and be monetized.
Further to the Company’s press release dated October 3, 2017, the Company has secured a non-dilutive funding partner.
Gerhard Mynhardt, CEO of Novateqni stated , “Blockchain is the perfect application when it comes to Farmers Management systems. Having this opportunity is just another affirmation that we are on the right track. We see only growth in this area for other applications.”