TORONTO: Blockchain Foundry Inc., a leading North American blockchain development firm, has entered into a blockchain development agreement with a client in the General Data Protection Regulation (GDPR) compliance space.
The initial phase of the Agreement is valued at approximately $50,000 and will last for approximately four weeks.
General Data Protection Regulation (GDPR) is a regulation in EU law concerning data protection and privacy. The market for GDPR compliance services in Europe is estimated to be worth approximately US$1.2 billion by 20231.
Pursuant to the Agreement, BCF will work with the Client to complete the MVP of its GDPR compliance solution. The Client expects to undertake more product development beyond the MVP phase and BCF will have the opportunity to establish itself as the preferred vendor for future development initiatives.
Blockchain Foundry develops and commercializes blockchain‐based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.