Quantum Materials Corp (QMC) announced that it has acquired certain elements of Capstan Platform, Inc., a developer of blockchain technologies. This news surfaced on 15 August.
Stephen B. Squires, President and Chief Executive Officer of Quantum Materials Corp cited –
“We are excited by this strategic acquisition, which allows our company to expand its market focuses by tapping into the potential offered by this transformational technology. We are convinced that the combination of our existing quantum dots offerings and blockchain can substantially reduce the friction currently experienced by a number of key business processes.”
QMC set the context to share some of its industry credentials. QMC noted that it develops and manufactures nanomaterials for use in display, solar energy or lighting applications through its high-tech production process. QMC clarified that its volume manufacturing methods enable consistent quality and scalable cost reductions. The high-tech firm summarized the multi-faceted productivity gains from its processes.
QMC maintained that its systems provide the foundation for technologically superior, energy-efficient and environmentally sound displays. The firm asserted delivering the next generation of solid-state lighting and solar photovoltaic power applications. QMC further added that its owned subsidiary Solterra Renewable Technologies developed sustainable quantum dot solar technology. QMC extended outreach to the readers to visit their portal.
QMC suggested that it intended to leverage the technologies that Capstan has developed to introduce products into the global market in the future. Capstan’s Co-Founder and CTO Jay M. Williams said that Capstan Platform was enthusiastic about the acquisition. He expressed that they were looking forward to becoming part of a great team of innovators. Jay summarized that the acquisition was a step in bringing the physical and digital world together.
In a report related to blockchain for businesses, VeChain reported that with the growing cases of food and drug-related fatalities in China, BrightCode would change people’s food purchasing and consumption habits. VeChain conveyed that over the past years, genuine Chinese enterprises had invested heavily in quality control. The blockchain platform further added that companies like Bright Food were dedicated to providing top-tier products.
In yet another case of fruitful consumption of blockchain, Ten Billion Coin, a new decentralized innovation designed to empower Chinese industries was hoping to leverage the power of distributed ledger technologies. Ten Billion Coin started by noting that the platform would allow existing companies to take advantage of this technology. Such firms could avail transparent financial reports, supply chain management, authentic product verification, customer usage, and satisfaction reports.