The Company's Choice of Quantstamp is
Driven by the Goal of Maximizing the Enhancement of the Codebase
Security in its MintCarbon.io Platform
CALGARY,
AB, June 17, 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 engaged Quantstamp, Inc. ("Quantstamp")
via a Statement of Work (the "SOW" or "Agreement") to
provide security assessment services related to FCC's MintCarbon.io
platform (the "Platform") as well as to enhance codebase
security.
![DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.) DeepMarkit Corp. (TSXV: MKT, OTC: MKTDF, FRA: DEP) (CNW Group/DeepMarkit Corp.)](https://mma.prnewswire.com/media/1841956/DeepMarkit_Corp__DeepMarkit_Engages_Quantstamp_for_Security_Asse.jpg)
Pursuant to the SOW, Quantstamp will provide the resources
needed to perform a security assessment of the Platform's codebase
over a 90-day period. Should any security issues be discovered,
Quantstamp will provide findings and options for DeepMarkit and FCC
to consider in order to rewrite the code. FCC's obligations under
the Agreement are to be responsible for providing access to
personnel, content, resources, systems and information as may be
needed by Quantstamp to perform the proper assessments and to carry
out any improvements.
"We are excited to announce our engagement of Quantstamp to
review and ultimately enhance the MintCarbon.io platform's codebase
security. It's a wise investment in our technology and in our
competitive strategy to ensure that our products and ideas are well
designed and protected. We continue to develop the MintCarbon.io
platform and are also considering other new innovations to enhance
the global carbon offset credit and renewable energy certificate
markets," said Ranjeet Sundher,
Chief Executive Officer of DeepMarkit.
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
Therefore, DeepMarkit's engagement of Quantstamp through FCC is
aligned with its goal of ensuring the security of the Platform for
users and stakeholders.
Service Provider
Engagement
New Era Publishing Inc. (dba CarbonCredits.com). has been
engaged to provide news release coverage, create a custom
advertorial email, create an advertorial on CarbonCredits.com and
provide other coverage of the Company on CarbonCredits.com. The
contract is for a term of four months commencing on June 1, 2022 for a fee of US$180,000. CarbonCredits.com is arm's length to
DeepMarkit and carboncredits.com employees may own securities of
DeepMarkit but are not allowed to trade during the engagement
period. The engagement of CarbonCredits.com is subject to
approval by the TSX Venture Exchange.
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. FCC is a software infrastructure company
operating in the tokenization vertical of the blockchain. FCC's
primary asset, MintCarbon.io, is a web-based, software-as-a-service
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). MintCarbon.io is currently undergoing testing
and FCC anticipates an official launch of the platform in the near
future.
On behalf of:
DEEPMARKIT CORP.
"Ranjeet Sundher"
Ranjeet Sundher, Interim
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:
- "How to Ensure Web3 Security", by Steve
Ellis, Office1, June 1,
2022, https://www.office1.com/blog/how-to-ensure-web3-security
SOURCE DeepMarkit Corp.