Venice, FL, Feb. 06, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advanced Credit Technologies, Inc. ("CyberloQ" or the "Company") (OTC: ACRT) is pleased to announce the following update on the Company's business and information objectives going forward.
A private blockchain is an invitation-only network governed by a single entity. Entrants to the network require permission to read, write or audit the blockchain. There can be different levels of access and information can be encrypted to protect commercial confidentiality. Private blockchains allow organizations to employ distributed ledger technology without making data public.
Private blockchains are faster, more efficient and more cost-effective than public blockchains, which require a lot of time and energy to validate transactions.
Gregory Ricca, President of The Diabetic Help Center, states, “The Diabetic Help Center is set to begin launching its clinics throughout the U.S., beginning in South Florida. These clinics utilize diagnostic testing, including DNA profiling, and a functional medical approach to identify and assess the root causes for abnormally high blood sugar and applies customized natural therapies to restoring patients with Diabetes Mellitus to health and reducing their dependence on pharmaceuticals that damage the bodies processes. Our programs are also very effective in maintaining the health of Pre-Diabetics. The system requires our Medical, Dietary, Fitness and Mental Health Professionals to record and review patient data, test results and progress reports and share this data with approved patient physicians. We use these reports as the focal point of our proven systemic approach to achieve and support lifestyle changes that result in positive patient outcomes. CyberloQ has developed our database and data collection systems from the ground up and is our choice for securing this data. In a world where computer security and HIPAA compliance is always an issue, we are very pleased, confident and proud to have CyberloQ as a most-valued Vendor Partner.”
The Company is attaching this private blockchain to their SQL database. All information that would connect the patients to their medical and personal details will be encrypted in the blockchain (name, address, phone numbers, etc.). The combination of utilizing our CyberloQ APP system along with our private blockchain will give (ACRT) the ability to offer a truly unprecedented level of security to virtually any company or agency, stated Mark Carten, the Company’s Chief Technology Officer. The building of the blockchain for Diabetic Help Centers is an important milestone for ACRT in the medical community as well as for other verticals that want to protect the front and back end of valuable and sensitive data. Fines and violations can be significantly high for data breaches such as PII and HIPAA, in some cases putting clinics out of business. The CyberloQ platform/blockchain protects against those intrusions and hacks giving the Company's involved peace of mind. This will give the company great visibility for the CyberloQ platform. The Company has received other indications of interest already in several verticals.
About CyberloQ: Whether it be bank cards, websites or databases, the CyberloQ “back-end” software can be installed on the client’s servers or CyberloQ can handle the authentications on our servers. Our apps can run autonomously, or our API’s can be integrated into the card issuer’s exiting app system. We offer complete customization to suit any client requirements.
Safe Harbor: From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated. The Company discourages any and all promotional activity by non-Company actors, and encourages investors and potential investors to review the Company's public filings, its website and its press releases, and to discuss these matters with their personal legal and financial advisors. Non-Company newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, should not be relied on because these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and/or independent decision-making.