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Khot Infrastructure to be reborn as blockchain indexing specialist

The company will be disposing of its Mongolian subsidiary for a nominal amount

Blockchain
As "pivots" go, this is quite a change

A change of name should be in the pipeline for Khot Infrastructure Holdings Ltd (CNSX:UTM), which is looking to move into the blockchain arena.

The company is planning to develop broad-based indexing products and blockchain tracking metrics critical to financial services firms participating in blockchain applications.

Change needs approval of shareholders and CEX

In anticipation of the further adoption of blockchain technologies in diverse industries, Khot intends to expand its indexing capabilities to cover multiple blockchains and cryptocurrency applications.

Future Khot applications will be able to track industry participation, transaction velocity, aggregate KYC/AML (know your customer/anti-money laundering) exchange data, and peer-to-peer transactions, thus creating a transparent and robust dataset for financial market participants, Khot said.

Khot intends to launch these blockchain intelligence products in a software-as-a-service model with a web-enabled customer portal.

The change of business still needs to be approved by the Canadian Securities Exchange and the company's shareholders.

Quick facts: Khot Infrastructure

Price: - -

CSE:KOT
Market: CSE
Market Cap: -
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