Business
Epazz to Launch Social Media and Workflow Blockchain App Using Its Proprietary Blockchain Storage Technology from the Cordtell Project
Epazz to Launch Social Media and Workflow Blockchain App Using Its Proprietary Blockchain Storage Technology from the Cordtell Project.
About this update from Epazz, Inc.
[{"type":"text","content":"\n\n CHICAGO, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Epazz, Inc. (OTC: EPAZ), a leading provider of blockchain cryptocurrency mobile apps and cloud-based business software solutions, announced today that the company will launch a social media and workflow blockchain app using its Proprietary Blockchain Storage technology, which was initially created for the Cordtell project. One of Cordtell’s core features is blockchain storage technology that retrieves data from the blockchain, allowing users to view the data on their mobile devices. This technology was included in the Blockchain Smart Contract provisional patent.\n The company believes this is a major opportunity to expand the block storage technology into other blockchain mobile apps, and also believes it will be able to file additional patents for related operations. This core feature is in the final development stage. The company will be releasing this application before the end of the second quarter of 2018. The company will announce the name of the social media and workflow blockchain app and its website in the future. The business model for the app will be free—for limited uses—for consumers, with ads and in-application purchase options for additional features. For businesses, the app will offer a workflow service, which will have an approval layer to send, receive, and broadcast data within an organization. Businesses will be able to use the workflow service for a monthly fee. “We are taking features of Cordtell that are in the final stages of development and releasing them into separate applications to monetize the technology. We believe there are several more applications that could be created based on our proprietary technology,” said Shaun Passley, PhD, chairman, and CEO of Epazz, Inc. About Cordtell (www.cordtell.com) Cordtell reduces fraud in business transactional contracts. The technology allows for a transactional contract to become a living contract that is tracked and traced; it also verifies that a section of terms within a contract are followed and that all parties of an agreement obey the terms of the contract. Cordtell, which is under development, automatically verifies signatures, distributes the contract to the blockchain, records the transaction and verifies the terms are being followed via our blockchain apps, which also trace...