All-in-a person answer will combine interferometry, automation and blockchain know-how to clear up centuries aged issue

Los Angeles, Nov. 17, 2020 (World NEWSWIRE) — CurrencyWorks Inc. (“CurrencyWorks” or the “Company”) (TSXV and OTCQB: CWRK), a publicly-traded corporation that builds and operates FinTech platforms for Electronic Currencies, Stability Tokens and Electronic Assets that decrease expenditures, maximize transactions in addition liquidity and drive consumer engagement, announced being chosen to produce a remedy that will improve the art sector by applying forensic and blockchain technologies to protect against artwork forgeries and fakes.

Truth (Forensic Artwork Certification Know-how) is a forensic assessment instrument using interferometer technological innovation and the blockchain to develop an immutable history of ownership, and verification that the piece of artwork gained is the artwork originally scanned. The interferometer can capture pictures with outstanding precision allowing the Truth technique to correctly confirm that an picture scanned is the exact same as the picture gained.

By applying forensic technological innovation and innovative imagining to the difficulty of artwork crime CurrencyWorks was chosen to build a patent pending all-in-a single answer for Authenticity Verification, Problem Reporting and Assortment Management. Leveraging technological advancements in Interferometry, Automation, and Blockchain Engineering, Truth gives a really secure item-oriented strategy to 1 of this centuries’ oldest issues.

Less than the conditions of the arrangement the bare minimum deal worth is US$500,000.00 and up to US$2M. This also contains achievable multi-calendar year operational assistance.

“Every calendar year, US$6B Black Marketplace for Art that the FBI estimates worth of artwork is bought all-around the planet – and an believed 20% of them are forgeries. Point works by using forensic science to validate the authenticity of initial is effective to sniff out fraud and put an close to the US$6B artwork forgery market,” stated Bruce Elliott, CurrencyWorks President.

Artwork crime is believed to be the 3rd best grossing criminal offense right after funds laundering and terrorist activities on the other hand, only a fraction of the methods are focused to stopping it relative to other crimes.

“This technological know-how will have the ability to validate art originality in each individual sector of the market,” mentioned Patricia Trompeter, Truth President. “We are enthusiastic to associate with the group at CurrencyWorks that has deep roots in producing blockchain answers to properly carry this to marketplace and assist us to revolutionize the world artwork world.”

About CurrencyWorks

CurrencyWorks Inc. (TSX: CWRK and OTCQB: CWRK) is a publicly-traded organization that builds and operates FinTech platforms for Digital Currencies, Security Tokens and Digital Belongings that lessen expenditures, raise transactions as well as liquidity and drive user engagement.

For a lot more info on CurrencyWorks, please pay a visit to us at: www.currencyworks.io. For extra investor facts take a look at www.currencyworks.io or www.sedar.com and www.sec.gov searching CWRK.

Media Speak to
Arian Hopkins
[email protected]

Company Speak to
Bruce Elliott, President
Mobile phone: 424-570-9446
[email protected]

Investor Inquiries
Telephone: 424-570-9446 ext. 8
[email protected]

Disclaimer for Forward-Looking Statements

This news launch contains “forward-on the lookout statements.” Statements in this news launch that are not purely historic are ahead-seeking statements and involve any statements about beliefs, options, expectations or intentions about the future. These forward-searching statements include, amongst other things,: that the Company’s resolution will alter the artwork current market by applying forensic and blockchain technological innovation to stop art forgeries and fakes that the minimum amount agreement benefit is US$500,000.00 and up to US$2M and this also incorporates the attainable multiyear operational assist that the Company’s technological innovation will have the ability to validate artwork originality in each and every sector of the market and that the Company’s blockchain solutions will productively deliver this to sector and support Simple fact to revolutionize the world artwork globe.

The content assumptions supporting these ahead-on the lookout statements include, amid many others, that there will be no materials variations in latest regulatory environments in which the Corporation or Fact operates the perceived advantages from the Company’s blockchain answers will be as predicted and the Enterprise will be in a position to get hold of any vital funding on satisfactory phrases. Despite the fact that management considers these assumptions to be acceptable dependent on data at this time readily available to it, they may perhaps demonstrate to be incorrect. These forward-searching statements are only predictions and include acknowledged and mysterious pitfalls, uncertainties and other aspects, which includes: the possibility that the Firm will be not able to proficiently develop th blockchain solutions the danger that there may well be negative alterations in common financial and company ailments the hazard that the Business may perhaps have damaging functioning cash stream and not more than enough funds to entire the blockchain answers the danger that the Business might not be equipped to acquire supplemental funding as required the chance that there may perhaps be improves in money and functioning expenses as a final result of operating on the blockchian alternatives the possibility that the blockchain answers may be subject to fraud and other failures the chance that there may possibly be technological changes and developments in the blockchain that make the blockchain solutions out of date pitfalls relating to regulatory alterations or steps which could impede the enhancement or procedure of the blockchain options the risk that other competitors might release equivalent blockchain remedies and other common pitfalls concerned in the blockchain solutions.

Any of these threats might induce the Company’s genuine outcomes, concentrations of action, performance or achievements to be materially various from any long run effects, concentrations of action, effectiveness or achievements expressed or implied by these ahead-seeking statements. Even more, despite the fact that the Enterprise has tried to identify aspects that could cause precise success, levels of action, performance or achievements to differ materially from these explained in ahead-looking statements, there may perhaps be other components that induce benefits, degrees of activity, effectiveness or achievements not to be as anticipated, estimated or meant. These forward-seeking statements are produced as of the date of this information launch, and the Business assumes no obligation to update the ahead-looking statements, or to update the reasons why true effects could differ from people projected in the forward-seeking statements, other than as expected by relevant legislation, which include the securities laws of the United States and Canada. Despite the fact that the Company believes that any beliefs, ideas, anticipations and intentions contained in this information launch are reasonable, there can be no assurance that any this kind of beliefs, plans, anticipations or intentions will verify to be exact.

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