GEOSPATIAL CORPORATION TO INTEGRATE BLOCKCHAIN TECHNOLOGY WITH GIS PLATFORM TO SERVE THE GLOBAL OIL & GAS INDUSTRY
Providing Oil & Gas Related “3D Location, Management-and-Integrity-as-a-Service”
Pittsburgh Pennsylvania – January 24, 2018– Geospatial Corporation (OTCQB Symbol “GSPH”) announces today that the Company will be integrating Blockchain technology (the software behind Bitcoin and other Cryptocurrency) with GeoUnderground, providing a cloud-based locational software platform allowing energy companies a secure way to manage contracts, assure provenance and track asset maintenance.
Mark Smith, Geospatial’s CEO stated, “Integrating Blockchain technology with GeoUnderground will allow us to provide a seamless sharing of constantly updated locational data and status of each asset and each contract along with the verification and history of each piece of equipment, pipeline and property status, via the cloud. The integration of Blockchain and GeoUnderground has the potential to drive profound, positive change to the global oil and gas industry.”
About Geospatial Corporation
Geospatial Corporation utilizes integrated technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate three-dimensional (3D) digital maps and models of underground infrastructure. Our website is www.GeospatialCorporation.com. The Company manages this critical infrastructure data on its cloud-based GIS portal called GeoUnderground, our proprietary GIS platform custom designed around the Google Maps API.
GeoUnderground, designed around the Google Maps API, is Geospatial’s cloud-based GIS platform that when integrated with Blockchain technology will provide clients with a total solution to their underground and above-ground asset management and location needs. www.GeoUnderground.com. Please feel free to download a free trial from this website. Geospatial is a Google Cloud – Technology Partner.
Forward Looking Statements
This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements, if any, are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company's news releases and/or its filings or as a result of other factors.
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