DatChat (DatChat.com) was founded three years ago by a team dedicated to creating a personal privacy platform that always provides privacy, control and security. The DatChat Digital Rights Management Technology ("DRM") is the core of the platform. DatChat recently launched its initial product, a messaging application for mobile smart phones available on iOS and Android. The app allows users to control sent messages on the recipient's phone. Additionally, the Company is expanding its platform to include a peer-to-peer secure email system that will be built on Ethereum blockchain technology. This system is intended to provide enhanced security, because there is no central storage point for messages, therefore they cannot be accessed by an unauthorized recipient. Once fully-developed, the DatChat blockchain technology is being designed to allow each message to become its own micro-blockchain that will be permissioned, private and controlled. The closing of the acquisition is subject to shareholder approval and other customary conditions.


DatChat Issues Shareholder Update on Spherix Merger and Blockchain Development.