Waterloo, ON, Canada, January 2022: Blockchain pioneer Geeq Corporation has formed a strategic partnership with market-leading management consultancy Alchemmy. The partnership enables Alchemmy to offer its clients the best technical solutions for their specific business needs, while giving Geeq access to a new client base.
As one of the UK’s leading management consultancies specializing in digital transformation, Alchemmy recognized the game-changing potential of Geeq, particularly for micropayments and notary service applications. Geeq enables micropayments to be transacted for costs as low as a fraction of a cent, while its notary service provides a modular, non-invasive data consistency layer for enterprises.
While decentralized technology has long been heralded as the next frontier for digital transformation, Alchemmy’s clients have been frustrated by limitations of the underlying consensus protocols, such as high transaction costs, limited capacity and reliability, environmental concerns, and security vulnerabilities. In contrast, Geeq’s multiple independent blockchains, combined with the Proof of Honesty mechanism, offer unlimited scalability while bypassing the security and congestion concerns of current platforms, along with very low transaction costs and low environmental impact.
Geeq’s Proof of Honesty protocol offers real, secure scalability without a high carbon footprint, which makes it the right option to offer our clients. We are delighted to join forces with a project, platform and team that align with our passion for doing the right thing — for the planet as well as for our clients.Alchemmy Co-founder Dipak Patel
In Alchemmy Founders Dipak and Nik, we see deep subject matter experts with an exemplary pedigree in crypto who can help us expand adoption of the Geeq platform. We are only starting to scratch the surface of what blockchain can do; Proof of Honesty and micropayments will be key to expanding these opportunities, and Dipak, Nik and Alchemmy are perfectly positioned strategic partners for Geeq as we push the boundaries of possibility.Geeq CEO Ric Asselstine
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About the Geeq Project
Geeq is a multi-blockchain platform secured by an entirely new consensus mechanism called Proof of Honesty (PoH), which radically reduces the cost of securely transacting value at scale. It is safe enough for highly valuable data, fast and cheap enough for IoT, and flexible enough for any use.
Geeq was founded by a team of expert economists and technologists. The founders see unprecedented opportunity in decentralized technology that to date has not been realized, as existing blockchains are caught in a trade-off between scalability and security. Geeq resolves the dilemma with an accessible, dependable, low-cost solution that does not sacrifice either trust or capacity, unlocking blockchain’s real potential for the real world.
Alchemmy is a transformation specialist that delivers sustainable change for clients through data and design. With deep expertise in retail & consumer products, transportation, and the public sector, its consultants help clients to address their biggest challenges in growth, operational improvement, digitalization and change. For the past three years, the Financial Times has named Alchemmy one of the UK’s Leading Management Consultancies in the category of digital transformation.
Forward Looking Statements
Statements in this press release, including statements relating to Geeq’s and Alchemmy’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in technology development and commercialization. As a result, actual results may vary materially from those described in the forward-looking statements.
Contact: Bridie Mitchell
Address: 554 Parkside Drive
Waterloo, Ontario, Canada, N2L 5Z4
Address: High Holborn House (4th floor)
52-54 High Holborn
London WC1V 6RL