Global Arena Holding Subsidiary Attends Final Demo of Blockchain High Speed Scanning and Voting Tabulation Software
Marketwired
NEW YORK, NY--(Marketwired - Dec 7, 2015) - Global Arena Holding, Inc. (OTC PINK: GAHC), (the "Company") announced today that its subsidiary, Global Elections Services ("GES"), successfully completed its final testing of the blockchain voting tabulation system developed by Blockchain Technologies Corporation ("BTC").
In early November, GES executives conducted their first round of tests on a blockchain tabulation system designed by BTC as a technology upgrade for one of the current methods the elections company uses. While those initial tests did give Ms. Maralin Falik (CEO of GES) confidence in the system's user interface, as expected from a 35 year industry veteran, she sent BTC back with additional specs to be met. After several more iterations by BTC's software engineers, GES conducted their final test of BTC's blockchain scanning and voting tabulation system with great success.
"GES strives to provide the highest standards in the election process. All of our municipal public elections must conform with the regulations of the United States Department of Labor, which has very stringent requirements," stated Maralin Falik. "Conforming to these standards is crucial. Working with BTC, we will now be on the cutting edge as an early adapter of a world changing technology, which will transform the election process in an efficient and credible way while maintaining the level of integrity the Department of Labor requires and expects."
Ms. Falik continued, "We are very pleased with the results of this demonstration for Scanning and Tabulating Mail-in Ballots. We will look to move forward with BTC's technology at our elections, and quickly begin expanding our reach, securing many different types of elections, on a global scale."
BTC CEO Nick Spanos stated, "At Blockchain Technologies Corporation, we pride ourselves on achieving real world blockchain integration. Through a partnership with GES, we will revolutionize election processes with the unveiling of the world's first blockchain voting tabulation system. In this case, we have modified our patented platform to coincide with the Department of Labor specifications. This will allow for greater transparency, accessibility and security for Union elections."
Mr. Spanos continued, "This is just the beginning. Keep in mind, this blockchain voting tabulation system is only utilizing a small segment of our elections platform. I have over three decades of experience engineering electoral management software. So Maralin will have many options to grow GES with our technologies and applications, and we will support her every step of the way."
John Matthews, CEO of Global Arena Holding, Inc., said, "When we began investing in Blockchain Technologies Corporation, we envisioned great synergies between GES and BTC. Today, it looks as though our ambitions are materializing. This relationship will pave the way to a new standard in 21st century voting, with the integrity of every election now being secured by the blockchain."
Mr. Matthews continued, "This new process will also mean continued growth and potentially increased revenues to GES, while concurrently providing an income stream for BTC. So instead of paying third party providers for tabulation services, GES will pay a technologically advanced company [BTC], which Global Area Holding has a vested interest in." Mr. Matthews additionally stated, "This demonstration of the High Speed Scanning and Tabulation Software is phase one of GES' growth strategy. The Company expects further software upgrades using the blockchain to enhance our other current services which include; Internet Voting, In Person voting, and Hybrid Elections."
At this point, the next step is for GES to sign an agreement with BTC and begin conducting elections using BTC's blockchain voting system. The Company's management is excitedly looking forward to this collaboration being consummated.
About Global Arena Holding
The Company trades on the OTC Pink Sheets under the ticker symbol GAHC. The Company has been publicly traded since 2011 and holds a number of interests, including Global Elections Services, Inc., GAHI Acquisition Corp and Blockchain Technologies Corporation Inc. The Company focuses on acquiring technologies, patents and companies having the ability to leverage the blockchain crypto technology.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release contains statements that are forward-looking, such as statements related to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned or required capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statements made by, or on behalf of, the company. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, and other risks and uncertainties described in the Company's periodic filings with the Securities and Exchange Commission.
