Ann: Quarterly Activities Report & Appendix 4C, page-2

Cash burn here is tiny and the product is moving well, the writing is I believe on the wall for this to go beyond a SMSF offering into a full smart contract platform, perhaps organically or perhaps via acquisition as have previously been stated as a potential focus.

From the report:

"Post the end of the reporting quarter, the Company has launched a targeted strategy to market directly to prospective new SMSF clients (Clients). The Company has commenced negotiations with accountants, auditors, financial advisors and lawyers to secure agreements for referral of Clients acquired during the direct marketing campaign.

DigitalX
During the quarter, the Company appointed DigitalX Limited as Blockchain Advisor. DigitalX will review the Company’s current product offerings and provide Blockchain consulting and business development services, with a focus on how distributed ledger technology could be integrated into Transcendence’s current business model. The remuneration of DigitalX is primarily success based and payable in script."

From Peter Wall:
"Blockchain

While Bitcoin gets the fame and attention, the technology behind it – Blockchain – is starting to affect a variety of industries. We sat down with Peter Wall from steinpag and he stated that Blockchain is impossible to hack or forge, so it is now being used for asset tracking of financial assets. It is also being built into “smart contracts”. Instead of signing paper contracts and scanning them or signing a contract with one’s mouse and clicking various confirmation buttons, Blockchain is being used to verify and store the user’s signature. Smart contracts will allow people to sign legally binding agreements no matter where they are that are recognized by the courts, whether buying a house or agreeing to payment"

http://thefutureofthings.com/10248-5-law-firm-technology-trends-2018/