EDC Bringing Blockchain Securities System to the Cloud

World’s first supernode infrastructure inches closer to full launch

TORONTO, Ontario— Equibit Development Corporation (“EDC”) is one step closer to delivering a peer-to-peer, over-the-counter (OTC) securities platform built around a new open source blockchain and powered by a state-of-the-art Supernode infrastructure.

According to Chris Horlacher, CEO of EDC, the Supernode installation is now complete and a private beta testing phase of the platform will kick off soon. The beta testing group will consist of financial institutions and other power users, of which a leading investor communications firm has already signed on.

The Supernode is the first cryptocurrency node that performs all cryptographic operations — private key generation, encryption, decryption and digital signatures — in hardware rather than software. It is certified FIPS (Federal Information Processing Standard) 140-2 Level II compliant under the Crypto Module Validation Program, providing the utmost level of security over users’ private keys.

“Supernodes are the foundation of our institutional product line, providing great speed and industry-leading security to firms wanting to use the Equibit network, but not necessarily wanting to be concerned with maintaining the IT infrastructure and dealing with the compliance and security challenges that come along with that,” said Horlacher.

Coming on as hosting partner for the Supernode is data centre giant, Equinix (NASDAQ: EQIX), which operates over 145 facilities with over 14 million square feet of space around the globe.The first Supernode has been placed in Equinix’s TR2 data centre located in downtown Toronto. It is a Tier 3+ facility with over 100,000 square feet of colocation space. Equinix's strong network and interconnection base helps decrease latency, improving performance and reliability of content delivery.

According to IDC MarketScape’s 2016 vendor assessment on Canadian data centre operations, “Equinix placed in the Leaders category . . . [w]ith double-digit annual revenue growth, [and] is one of the largest and fastest-growing data centre providers in the world.”

Equibit Development Corporation has partnered with cloud solutions provider, AirGate Technologies. AirGate will be assisting EDC in distributing the Equibit software through services such as Amazon Web Services, Microsoft Azure and Google Cloud Platform. This will allow companies to rapidly deploy regular Equibit nodes in the cloud and secure the network by adding to its total computing power.

Equibit Development Corporation also plans to launch a crowdsale of its equibit tokens in January, of which there will be a total supply of 21 million units available with a pre-sale opportunity on the first million. Each unit will be divisible to eight decimal places and will be required to create equity units on the network and for transaction fees.

Equibit Development Corporation recently opened a seed round of funding with 10 million common shares available to investors. Investors wishing to participate in the offering can email investors@equibit.org for more information.

About EDC

EDC was founded by a former securities industry chief financial officer and a team of blockchain development experts with the aim of revolutionizing the OTC securities industry. The company is developing Equibit, which is a decentralized securities register. With Equibit, issuers can securely communicate with their shareholders, collect votes, distribute earnings, and update their shareholder registers in real-time at little to no cost.

Media Contact

Nathan Wosnack
Chief Operations Officer
nathan@equibit.org
Tel: (604) 500-9438