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Friday, January 19, 2018 12:10:41 PM
Jan 09, 2018
OTC Disclosure & News Service
Wilmington, DE -
HQ Global Education, Inc. (OTCPink: HQGE) today announced the development of a suite of software products using blockchain technology it calls "Bit Temple Development". The applications will use the same technology that makes popular Crypto-currencies like Bitcoin, Etherium, and Litecoin function so efficiently and securely to change the way several industries operate such as the financial, healthcare, and insurance industries.
Blockchain technology uses a digitized, decentralized, public ledger of transactions. Constantly growing as completed "blocks" (the most recent transactions) are recorded and added in chronological order to this ledger, which is encrypted and safely stored across hundreds or even millions of computers globally making it impossible to forge or hack. This allows companies or individuals to keep track of any type of transaction without vulnerable central record keeping. Efficiencies resulting from this technology add up to huge savings, and make it possible for businesses to streamline operations, dramatically reducing the expense, errors, and delays of traditional methods for reconciliation of records and transactions while increasing security.
HQ Global management is convinced that we are witnessing a revolution in the way transactions are completed and the way records are transferred. Blockchain technology promises to completely change the way these things take place and HQ Global, with its Bit Temple development platforms aims to be in the forefront of that innovation. With Development underway for some time now, the company plans to have initial demos available as soon as this summer.
While the main target market for the product line will be the largest corporations in the healthcare, insurance and finance industries, the platform will have many applications and could save hundreds of millions of dollars in overhead and security for companies large and small. HQ Global would like to invite the public to watch for major announcements coming in the near future regarding the progress and the initial major partnerships the company has in the works.
About HQ Global Education, Inc.
HQ Global Education, Inc. though its newest brand, Bit Temple Development plans to bring innovative blockchain technologies similar to those used by popular crypto-currencies to various mainstream industries. The wave of the future is blockchain technology and by applying it to transactional and record related industries, Bit Temple Development can drastically improve infrastructure speed and security while lowering cost.
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