TSXV: MKT OTC: MKTDF FRA: DEP
The Company's MintCarbon.io Platform has Successfully been
Evaluated for Security-Related Issues, Code Quality and Adherence
to Best Practices Related to Smart Contracts
CALGARY,
AB, July 13, 2022 /CNW/ - DeepMarkit
Corp., ("DeepMarkit" or the "Company") (TSXV: MKT) (OTC: MKTDF)
(FRA: DEP), a company focused on transitioning the global carbon
offset market to the more accessible digital economy by minting
credits into non-fungible tokens ("NFTs"), is pleased to
announce that its wholly owned subsidiary, First Carbon Corp.
("FCC"), has received a Security Assessment Certificate (the
"Certificate") from Quantstamp, Inc. ("Quantstamp").
In order to receive the Certificate, Quantstamp evaluated and
passed security-related issues, code quality and adherence to
specifications and best practices related to the MintCarbon.io
platform's smart contracts.
The Company complied with Quantstamp's iterative audit process
to rigorously review and test the MintCarbon.io platform's
blockchain-based smart contracts. Quantstamp performed the security
assessment of the platform's codebase and FCC
incorporated feedback and recommendations from Quantstamp to
complete the audit and receive the Certificate. All audited
smart contracts are now ready to be deployed on the MintCarbon.io
platform.
"We are excited to announce the Company's receipt of the
important Security Assessment Certificate from Quantstamp. The
Certificate validates our robust focus on enhancing the
MintCarbon.io platform's codebase security. Performing
institutional-level diligence further highlights our competitive
strategy, which is to ensure that our products and ideas are well
designed, offer a high level of utility to stakeholders and are
well protected. We continue to enhance the MintCarbon.io platform
for users worldwide and build supply-side relationships globally as
well," said Ranjeet Sundher, Chief
Executive Officer of DeepMarkit. "The carbon credit market is an
excellent example of how Web3 can improve liquidity in traditional
markets," says Quantstamp CEO Richard
Ma. "We are proud to provide the security foundation
necessary for pragmatic use cases to thrive in the real world,"
added Mr. Ma.
Quantstamp is a leader in blockchain security and its mission is
to secure the decentralized internet. To date, it has protected
over $200 billion in digital asset
risk from hackers. Start-ups, foundations and other enterprises
work with
Quantstamp to protect their innovative ideas
and products. Quantstamp's services include securing Layer 1
blockchains, securing smart contract powered NFT and DeFi
applications as well as developing financial primitives for Layer 1
blockchain ecosystems. With Web3 security more critical than ever,
developers are encouraged to test and evaluate codes by engaging
with an established third-party security
auditor.1 Accordingly, DeepMarkit's engagement of Quantstamp through
FCC is aligned with its goal of ensuring the
security of the MintCarbon.io platform for users and
stakeholders.
ABOUT DEEPMARKIT
DeepMarkit Corp. is a company focused on democratizing access to
the voluntary carbon offset market by minting credits into NFTs.
Its common shares are listed on the TSX Venture Exchange under the
"MKT" stock symbol. DeepMarkit's wholly owned subsidiary, First
Carbon Corp. ("FCC"), is a software infrastructure company
operating in the tokenization vertical of the blockchain. FCC's
primary asset, MintCarbon.io, is a web-based platform that
facilitates the minting of carbon credits into NFTs (based on the
ERC-1155 standard) or other secure tokens (based on the ERC-20
standard). FCC anticipates an official launch of the MintCarbon.io
platform in the near future.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news
release.
CAUTIONARY STATEMENT
Statements in this news release may contain forward-looking
information. Any statements that are contained in this news release
that are not statements of historical fact may be deemed to be
forward-looking statements, including statements relating to the
Company's business and corporate plans including, without
limitation, the tokenization of high quality, verified carbon
credits. The reader is cautioned that assumptions used in the
preparation of any forward- looking information may prove to be
incorrect. Events or circumstances may cause actual
results to differ materially from those predicted, as a result
of numerous known and unknown risks,
uncertainties, and other factors, many of which are
beyond the control of DeepMarkit. Various factors can
cause the actual results to differ materially from those in
forward-looking statements. The reader is cautioned not to
place undue reliance on any forward-looking information.
The forward-looking statements contained in this press release are made as of the date of this
news release and DeepMarkit does not undertake any obligation to
update publicly or to revise any of the included
forward-looking statements, whether
as a result of new information, future
events or otherwise, except as required by securities law.
ENDNOTES
1 "How to Ensure Web3
Security", by Steve Ellis, Office1, June 1, 2022,
https://www.office1.com/blog/how-to-ensure-web3-security
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SOURCE DeepMarkit Corp.