Red Bank, NJ, January 21, 2025 (GLOBE NEWSWIRE) — VeeMost Technologies Inc., formerly Global Developments, Inc. (OTC: GDVM), is pleased to announce a strategic initiative to build a proprietary, enterprise-grade blockchain platform aimed at empowering businesses and government organizations with secure, transparent and efficient digital solutions — with a focus on real-world applications across supply-chain management, licensing, digital identities and payments.
Designed to balance flexibility and governance, the platform will serve external clients and also integrate into VeeMost’s e-commerce store, VeeStore, to streamline payment processing, product verification and licensing services.
“Our blockchain platform is being designed to solve specific problems for our clients. By leveraging this platform internally and externally, we will enhance our operational efficiency, strengthen client trust, and create new revenue streams that position us for long-term growth.”
— Melvin Ejiogu, President of VeeMost Technologies Inc.
Project timeline
- Phase 1 — Research & planning (months 1–3): finalize architecture and staffing; secure partnerships and pilot clients.
- Phase 2 — Development & initial testing (months 4–9): build the foundational layer and smart-contract functionality; release an MVP.
- Phase 3 — Pilot rollout (months 10–12): pilots for supply-chain verification, licensing automation and digital identity, including VeeStore.
- Phase 4 — Public launch (months 13–18): full rollout with APIs, subscription access, licensing plans and transaction services.
Monetization
- Licensing fees for identity verification, supply-chain transparency and smart contracts
- Blockchain-as-a-Service (BaaS) subscription plans
- Low-cost transaction and asset-tracking fees
- Consulting and dApp-development services
The initiative supports VeeMost’s broader goal of expanding market reach and increasing revenue as the Company prepares for an uplisting to Nasdaq, with the platform expected to be operational within 18 months.
About VeeMost Technologies Inc.
VeeMost Technologies Inc. (OTC: VMST) is a technology solutions provider offering IT consulting, cloud, cybersecurity, managed services and infrastructure solutions to enterprise and government clients — backed by proprietary platforms including VeeStore, VeeBids and VeeShield. For more information, visit veemost.com.
Safe Harbor Statement
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “plans,” “expects,” “anticipates,” “estimates,” “projects,” and “intends,” and similar expressions identify forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially, including the Company’s ability to execute its business strategy, general economic and business conditions, competition, changes in technology, regulatory requirements, and other factors beyond the Company’s control. VeeMost undertakes no obligation to update forward-looking statements except as required by law.
Contact: VeeMost Technologies Inc. · [email protected] · +1 877 862 0307