Graph Blockchain Inc. (CNSX:GBLC) is increasingly making a name for itself in the development of leading-edge business intelligence and data management solutions. The company has already launched a proprietary and wholly-owned Wellness Marketplace BluStem Ltd, using Shopify multichannel e-commerce platform.
E-Commerce Prospects
The BluStem e-commerce marketplace focuses on personal protective equipment and other related services in the fight against the COVID-19 pandemic. Likewise, the platform is being configured to support other wellness products and wellness brands in other jurisdictions.
The unveiling of the blockchain e-commerce platform marks an important milestone to the company and its shareholders. According to Chief Executive officer, Andrew Ryu the focus shifts towards pursuing growth opportunities around the e-commerce marketplace.
Plans are underway to pursue the creation of a revenue model that facilitates both scale and organic growth. Graph Blockchain has already received its first order of Personal Protective Equipment and other ancillary product in the BluStem multi-channel ecommerce market place. The value of the sales is approximately $63,000. With the sale the company should continue to expand its online footprint and strengthen focus on value driving plans.
The company also continues to experience an influx in demand due to COVID-19 for protective equipment. The sale of the first PPE on the Omni-channel platform represents the further streamlining of operations and a considerable step towards optimizing BluStem.
Debt Settlement
Focus also shifts towards expanding the online footprint and strengthening focus on sustainable value-driving plans. Graph Blockchain has already confirmed the termination of the previously announced letter of intent to acquire Third Eye Corp. The termination underscores the company’s growing focus on growing the e-commerce business.
Separately, Graph Blockchain has closed its shares for debt settlement offering with four creditors. As part of the deal, the company is to settle an aggregate of $386,004 in debt for service provided by the company’s creditors.
