KSIX management has decided to utilize Microsoft’s Azure to develop, test and deploy blockchain applications. KSIX programmers have already been engaged and have begun testing several new revenue projects in the Azure environment.
See below for more information on Microsoft’s take on Blockchain and the benefits of Azure:
Blockchain is an emerging way for businesses, industries, and public organizations to almost instantaneously make and verify transactions—streamlining business processes, saving money, and reducing the potential for fraud. At its core, a blockchain is a data structure that’s used to create a digital transaction ledger that, instead of resting with a single provider, is shared among a distributed network of computers.
The result is a more open, transparent, and publicly verifiable system that will fundamentally change the way we think about exchanging value and assets, enforcing contracts, and sharing data across industries. The applications using blockchain are almost limitless, ranging from loans, bonds, and payments to more efficient supply chains to even identity management and verification.
THE BENEFITS OF AZURE
As an open, flexible, and scalable platform, Azure supports a rapidly growing number of distributed ledger technologies that address specific business and technical requirements for security, performance, and operational processes. Our intelligence services, like Cortana Intelligence, provide unique data management and analysis capabilities that no other platform is able to offer. And the vast Microsoft partner ecosystem extends the capabilities of our platforms and services in a way to fit specific roles and industry needs.
Blockchain as a Service (BaaS) provides a rapid, low-cost, low-risk, and fail-fast platform for organizations to collaborate together by experimenting with new business processes—backed by a cloud platform with the largest compliance portfolio in the industry.
The Board of Directors of KSIX approved the engagement of Paritz & Company, P.A.- Certified Public Accountants (“Paritz”) as KSIX’s independent public accountants for its fiscal year ending December 31, 2016.
The Board will work diligently with Paritz and has high expectations to expeditiously complete the 2016 audit while catching up on any past due filings immediately upon the finalization of the audit.
KSIX/True Wireless currently does approximately $1,200,000 a month in 5 states where True holds an ETC license. KSIX is entering into an agreement to create a Virtual ETC which results in instantly gaining access to 30 more states including California. This is the culmination of a year of diligently working on this enterprise and should result in exponential sales and revenue.
The rollout is expected in the next 30 days. The KSIX team is currently testing the onboarding system and distribution changes necessary to hit the ground running while the finance team is creating the model to intelligently manage short term cash-flow to produce the most efficient long term value.
Pushing forward in the Blockchain space, KSIX has engaged the firm of Homeier Law, PC to formulate the strategic plan for the development and all the mechanics of a Utility Token roll out. A KSIX subsidiary (to be named) will be moving forward with this Ethereum Utility Token.
Manny Flores and David Ansani have joined the Board of Directors and immediately begin on day one working towards the formation of an audit and compensation committee.
Both gentleman bolster the governance, credibility and compliance of the company while assisting in mergers and acquisitions.
Manny is a graduate of The George Washington University Law School Manny has held various applicable positions including: Secretary – Illinois Department of Financial and Professional Regulation, Director – Illinois Department of Financial and Professional Regulation, Chairman – Illinois Commerce Commission, Alderman – City of Chicago, 1st Ward, and Congressional Aide – U.S. House of Representatives.
David earned his Master of Business Administration in Strategic Management/Organizational & Managerial Behavior from the University of Chicago and Juris Doctor from IIT/Chicago-Kent School of Law. With a background in compliance, negotiation, finance, due diligence and audit, David is our corporate expert specializing in administrative back-office accountability while assisting in general business compliance aspects including mergers and acquisitions. David is also our liaison to strategic regulatory attorneys ensuring a smooth flow of information and processes with adherence to all requirements necessary so the visionaries on our team will not be distracted with the business of being a public company.
KSIX has commissioned Vision Software Solutions to build a Bitcoin app and software wallet for both Androids and iPhones . The app and wallet will be installed on new handsets that True Wireless distributes and will also be available for download in the Apple Store and Google Play Store.
The app will be a “Bitcoin Faucet” which allows anyone to earn and win free bitcoin by playing games and performing other activities such as spinning a prize wheel each day.
The wallet (www.bitcoinsecurebank.com) will store customer Bitcoins while giving the option to trade for other Ethereum based coins.
The apps will uniquely drive revenue for KSIX by leveraging the existing Ad Network impressions from KSIX Media while consumers are playing games and offer “in-app” purchases.
Estimated time to market is 90 days.
Some domains that KSIX owns that are reserved for future projects:
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