HealthSpace Announces "VIA Protocol & Marketplace" Whitepaper Version 2.0 - A Revolution in Compliance Management Through Blockchain Technology

VANCOUVER, Nov. 21, 2018 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce the release of its updated whitepaper for the VIA Protocol & Marketplace. This second edition of the Company's whitepaper can be accessed by visiting www.healthspace.com or downloading directly from https://s3.amazonaws.com/healthspace/HealthSpace-VIA-Whitepaper-2_0.pdf.

This latest edition details the needs of a blockchain protocol in Compliance Management across numerous verticals.  Compliance Management is a complex and important part of the corporate governance and regulatory process, impacting both government and private industry worldwide. As the world increasingly becomes a connected global marketplace, compliance certification and standardisation are becoming more prevalent as part of mitigating risk, improving trade, and ensuring public safety.

The VIA Protocol & Marketplace brings a newfound approach to the ability of regulators, software providers and private organizations to share data with easy-to-use toolkits and interfaces, all on a singular protocol within a distributed network. The Verification, Inspection and Audit (VIA) blockchain solution from HealthSpace is made up of two distinct components: The VIA protocol - a robust mechanism for the capture and validation of compliance data for regulatory and standardisation purposes The VIA data marketplace - an aggregated data marketplace of verified quality data from both government and private industry, for the furtherance of compliance best practice, regulatory management & risk mitigation.

HealthSpace CEO, Silas Garrison noted "We are proud of this latest release which provides detail and clarity to numerous stakeholders on how this revolutionary technology can be utilized across many spectrums.  As we have already proven to-date, we can implement this in real-world scenarios that encompass both the private and public sectors.  Moving forward, this whitepaper provides a clear roadmap of how we can continue to iterate and implement this technology."

The VIA Protocol is already in its Beta phase of development and being utilized to create a pilot program in Peterborough, Ontario to store food permit and inspection data.  Once completed, this will be the first utilization of the VIA Protocol in a public setting and one of the first-of-its-kind implementation of publicly displaying government data to the general populous utilizing the blockchain.

HealthSpace Data Systems Ltd.

HealthSpace is an industry leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies.

Forward-Looking Statements

This release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although HealthSpace believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. HealthSpace expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE HealthSpace Data

Silas Garrison, CEO, 704-519-8964, [email protected]