The Blockchain Foundry Inc, a self-described “leading North American blockchain development firm” has entered into an agreement with a client in the General Data Protection Regulation. Allegedly, the partnership in its current state is worth $50,000 and will last for four weeks, according to a press release from Blockchain Foundry.
For those unaware, “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 2021,” the release states.
“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,” the release also makes clear.
Blockchain Foundry Inc describes itself the following way in the release:
“Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses.”