Following previously communicated information, here is a new update at JS Security. The update includes further development as well as sales and business assignments.
JS Security has initiated an in-depth discussion regarding sales, i.e., the next step in the sales process with three players regarding the Company's service "Security-as-a-service".
These three companies are now in the stage of drawing up requirements specifications.
The requirements specifications lay the foundation for the infrastructure and the functionality and any additions that the potential customers want within the framework of their specially adapted versions of Security-as-a-service. The potential customers are found in the law, finance, and insurance.
"We are now, after long dialogues and processes, finally in the final stages and hope that they will bear fruit shortly," says Christopher Ramstedt, chief operating officer and IR manager.
In parallel with sales and development, we evaluate our sales processes to streamline sales work and shorten the time from initial contact to the conclusion of an agreement.
In addition, we are in full swing with planning for further development in the coming years. We plan to release an update and renewed development plan shortly, which shows the steps that follow the completion of R1, our first communicated development plan.
In addition to the above, we plan to launch parts of our updated decentralized network in an "early access" campaign by the end of the year. This enables both shareholders, private individuals, and other stakeholders in the market to be a part of JS Security's development and physically become part of the continued construction of our decentralized network. All individuals who join via our early access campaign will allocate storage space to the network, which over time contributes to our vision becoming a reality.
We will continue to proactively drive the Company in the right direction, in line with our various focus areas, to create additional value for all our shareholders.
The next block, "Block_003" will be published on November 3, 2021.
For further information, please contact:
Christopher Ramstedt, Chief Operating Officer & IR Manager
About JS Security
JS Security is a Swedish blockchain-based cyber security group. The Company's expertise lies in developing advanced technological infrastructure and platforms based on blockchain technology. JS Security offers secure decentralized data storage and complementary applications primarily for B2B. The current customers are located in Scandinavia. JS Security has offices in Helsingborg and headquarters in Stockholm.
The Company's shares are listed on the Spotlight Stock Market.