eXeBlock Technology Corp. (CSE:XBLK) (OTCMKTS:EXXBF) has joined up with the Peerplays blockchain Standards Association to develop four new DApps.
What is a DApp? A DApp, or decentralized app, is similar to a regular app (like something you would have on your phone) except that it is de-centralized, thus the name. A DApp’s code runs on a decentralized peer-to-peer network, whereas a regular app’s code is run on centralized servers (a centralized system means that all the control is run top down, while a decentralized system is more consensus-based run).
Getting back to what this has to do with eXeBlock, DApps are developed with blockchain technology. eXeBlock is a software development company that designs blockchain based software applications – so, DApps. At its very core, eXeBlock is a company that develops DApps for third parties, making it perfect for the job from Peerplays.
Peerplays is a non-profit organization registered under the Canada Not-for-profit Corporations ACT that promotes fair gaming standards for Peerplays blockchains in Canada and internationally. Peerplay has commissioned eXeBlock to develop four DApps for it that are compatible with Peerplays’ blockchain platform. eXeBlock will have 24 months to do so. Peerplays has said that eXeBlock is free to develop whatever DApp it sees fit. The DApps will be released for beta testing on TestNet before being released officially.
This all sounds like the perfect combination. eXeBlock knows DApps and now it’s gotten a great contract to produce them. So what’s the problem? The problem is that none of this is reflected in the company’s stock. Shares closed on Friday at $1.27, which is down $0.06, or 4.5%, from Thursday’s close of $1.33. This may not seem like a lot, but considering the deal the company just got, you would think that the stock would have seen some sort of increase, instead of following the downtrend it’s been displaying this week.
It could be that investors are waiting to see the developments eXeBlock makes on the DApps first, before proceeding. It is always good to proceed with caution, so this may be the right choice. I, for one, will be very interested to see the results that the company manages to produce, and whether or not these DApps, which should be the core of the company, will be able to achieve any of the gains that they should.
Featured Image: twitter
