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Belvedere plans switch to blockchain technology company

Belvedere Resources Ltd. is considering a business switch and entered into a binding letter of intent to purchase 100% of BlockCoBuilders Inc., a blockchain-based software technologies developer.

The company said June 13 that it plans to continue the business of BlockCoBuilders following the transaction under the name Helix Applications Inc.

BlockCoBuilders' first project is the development of a blockchain software application for trucking and logistics businesses, with a working demo targeted for the third or fourth quarter.

A definitive agreement will be signed by Aug. 31.