WiSilica Sells COVID-19 Self-Quarantine Monitoring Line to Blockchain Holdings

Represented WiSilica, Inc. in an agreement whereby WiSilica contributed assets comprising its COVID-19 TRACESafe and IMSafe self-quarantine management and monitoring suites to a newly-formed subsidiary of Blockchain Holdings Ltd. (“BCX”), a company listed on the Canadian Securities Exchange, in exchange for approximately $1.57 million in cash and BCX stock, with additional contingent stock payments.

TRACEsafe, is a proprietary self-quarantine management monitoring system which registers a user through a wrist tag. The tag can log time stamps and locations of the user through a single application used by both the user and administrators to a central monitoring system. TRACEsafe allows a user to declare once they have entered quarantine, and subsequently prompts periodic check-in acknowledgements. The application will alert administrators if the user fails to acknowledge a check-in, the tag is unreachable through the user’s phone or if the tag has been tampered with.