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Blockchain Foundry Announces Phase 2 Blockchain Development Agreement with GDPR Compliance Solution Provider

Blockchain Foundry, a leading North American blockchain development firm, has entered into the second phase of a blockchain development agreement with a client in the General Data Protection Regulation (GDPR) compliance space. This phase of the Agreement is valued at approximately $60,000 and will last for approximately seven weeks. The prior, initial phase of the Agreement was valued at approximately $50,000 and has now been completed.

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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 2023.

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.

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