Global Arena Holding Inc. (GAHC)) today announced that with an initial investment it has officially and successfully secured six blockchain startups, five provisional patents, and one non-provisional patent through its subsidiary’s acquisition of Blockchain Technologies Corporation (“BTC”).
GAHC’s interest in the blockchain became apparent after it started taking assertive steps to acquire BTC this year.
John Matthews, CEO of GAHC, expressed his happiness over the present development stating that since the blockchain and the businesses around it will turn out to be one of the largest drivers of the economy, therefore the company would play a big role in this and in the job creation.
He was unambiguous when he said that blockchain will turn out to be as crucial as the Internet itself.
The CEO further compared the two, opining that the early adoption of the blockchain would help the companies, who are presently banking on it, just like a similar move had favored the companies who banked on the internet in its early days.
It should be remembered that the GAHC had filed a Form 8-K SEC filing on May 20, 2015, stating the incorporation of a new wholly owned subsidiary called “GAHI Acquisition Corp.” The said buyout was made to see BTC merge with the new subsidiary.
The CEO was highly appreciative of Nick Spanos, whom he termed as the “most valuable asset” and a visionary at par with Bill gates and Steve Jobs, and further underlined that he was thrilled about the work that Spanos was undertaking at Global Election Services (“GES”).
Matthews also pointed out that at present GAHC was only at a tenable accumulation of up to 30% of BTC in the initial transaction and that company is working to acquire more.
He also vowed that the company will remain transparent with investors and also stated that soon the Global Arena Holding will become an innovator and a leader in the blockchain world.