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Cogeco Peer 1 Joins DigitalBits Partner Ecosystem to Support Enterprises and Application Service Providers with Blockchain

Enables Cogeco Peer 1 customers to take advantage of distributed ledger technology, in addition to their suite of Cloud, Hosting, Managed Services, Colocation and Connectivity Services

NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) -- Consensus 2018The DigitalBits Foundation and Cogeco Peer 1, a global provider of essential business-to-business products and services, today announced that Cogeco Peer 1 has joined the DigitalBits Partner Ecosystem.

With the distributed DigitalBits blockchain network, enterprises can tokenize assets such as loyalty points and rewards, make fast micropayments and remittances, and perform cross-asset transfer and trading of value on-chain.

“We’re thrilled to have Cogeco Peer 1 as a member of the DigitalBits Partner Ecosystem,” said Al Burgio, Founder & CEO, The DigitalBits Foundation. “We are looking forward to supporting Cogeco Peer 1 and their cloud and data center customers, including enterprises and application service providers, with their use of this distributed ledger technology.”

Cogeco Peer 1 is a wholly-owned subsidiary of Cogeco Communications Inc. (TSX:CCA) and is a global provider of essential business-to-business products and services, such as colocation, network connectivity, managed hosting, cloud services and managed services, that allow customers across Canada, Mexico, the United States and Western Europe to focus on their core business.

“We are delighted to join The DigitalBits Foundation Partner Ecosystem and reaffirm our commitment to support our customers that are using distributed ledger technology,” said Bertrand Labelle, Vice President Marketing & Innovation for Cogeco Peer 1. “Companies that are implementing blockchain in their business processes can look to Cogeco Peer 1’s suite of hosting, managed and professional services and connectivity to ensure the security and stability these applications need to be effective. We’re proud to be bringing together partners to deliver comprehensive solutions that will help power the potential of businesses worldwide.”

About The DigitalBits Foundation

The DigitalBits Foundation supports the DigitalBits™ open-source project by providing development resources, infrastructure, events and education.  DigitalBits is a secure, low-cost global transaction network and protocol for anyone to use, including but not limited to businesses with loyalty and rewards programs and their users. Loyalty program operators are able to create their respective loyalty points as digital assets on this decentralized network and users can trade these various digital assets on-chain.

The Foundation’s vision is to see the DigitalBits blockchain help solve portability, security and liquidity issues with certain digital assets, such as Loyalty and Rewards programs, and help generate additional value for consumers, businesses and certain charitable organizations. For more information, please visit www.digitalbits.io.

All trademarks referenced in this press release are the property of their respective owners.

Press Contact for Cogeco Peer 1
Raneal Engineer
raneal.engineer@mslgroup.com
416-847-1317

Press Contact for The DigitalBits Foundation
Rebecca Ferrick
March Communications
digitalbits@marchcomms.com
617-960-9857

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