Silver Scott Mines, Inc. Licenses Walacor Software to Enhance Data Security in Finance and Healthcare

Rhea-AI Summary

Silver Scott Mines (OTC:SILS) has secured a licensing agreement to implement Walacor's security software to enhance data protection in finance and healthcare sectors. The company plans to integrate this tamper-resistant platform to develop secure applications including patient-controlled health data wallets, personal financial vaults, and a secure KYC/AML platform.

CEO Stuart Fine emphasized that this technology adoption demonstrates Silver Scott's commitment to providing trusted, regulatory-compliant solutions. The company, operating as a holding company, focuses on digital innovation across traditional asset classes, specializing in secure technology solutions for institutional-grade asset tokenization.

Positive

• Strategic expansion into high-growth sectors (finance and healthcare) through new technology licensing
• Potential for new revenue streams through secure applications development
• Enhanced competitive position in regulatory-compliant solutions market

Negative

• Implementation success and market adoption of new technology remains uncertain
• Operating in highly regulated sectors may pose compliance risks
• Potential competition from established players in fintech and healthtech sectors

FRANKLIN, NJ / ACCESS Newswire / May 1, 2025 / Silver Scott Mines, Inc. (OTC PINK:SILS) has entered into a licensing agreement to utilize Walacor's security software, aiming to strengthen data protection in its finance and healthcare initiatives.

Under the agreement, Silver Scott Mines will integrate Walacor's, tamper-resistant platform into its suite of digital solutions. The company's focus is on deploying this technology to address the growing need for secure, compliant data management in sectors where privacy and regulatory requirements are critical.

Silver Scott's Application of Walacor Technology

Silver Scott Mines plans to leverage the Walacor platform to develop secure applications, such as:

• Patient-controlled health data wallets for secure storage and sharing of medical records.

• Personal financial vaults for consumers and institutions.

• Secure KYC/AML platform that protects investors and institutions.

By integrating Walacor's software, Silver Scott Mines aims to offer clients advanced data protection, transparent audit trails, and streamlined compliance with industry standards.

"Our adoption of Walacor's security platform reflects Silver Scott's commitment to delivering trusted, regulatory-compliant solutions in finance and healthcare," said Stuart Fine, CEO of Silver Scott Mines. "We believe this technology will allow us to better serve our clients' evolving security needs and support our growth in these critical sectors."

About Silver Scott Mines, Inc.

Silver Scott Mines, Inc. (OTC:SILS) is a holding company advancing digital innovation across traditional asset classes. The company specializes in secure technology solutions for institutional-grade asset tokenization and is expanding its portfolio in healthcare, cleantech, and digital platforms.

LinkedIn: www.linkedin.com/company/silverscott
X: https://x.com/silverscottmine

For more information or to request an investor deck, visit: https://silverscottdigital.com/investors/

Forward Looking Statements

This press release includes forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as expects, believes, anticipates, intends, estimates, seeks and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements with respect to revenues, earnings, performance, strategies, prospects and other aspects of the businesses of Silver Scott Mines, are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements.

Contact: Stuart Fine, CEO stuartfine@silverscottmines.com 908-356-9852

SOURCE: Silver Scott Mines Inc

View the original press release on ACCESS Newswire

FAQ

What is the purpose of Silver Scott Mines' (SILS) licensing agreement with Walacor?

The licensing agreement allows SILS to use Walacor's security software to enhance data protection in finance and healthcare initiatives, specifically for developing secure applications like health data wallets, financial vaults, and KYC/AML platforms.

What are the main applications Silver Scott Mines plans to develop with Walacor's technology?

SILS plans to develop three main applications: patient-controlled health data wallets, personal financial vaults, and a secure KYC/AML platform for investors and institutions.

How does the Walacor licensing agreement align with Silver Scott Mines' business strategy?

The agreement aligns with SILS's focus on digital innovation and secure technology solutions, particularly in institutional-grade asset tokenization and expanding their portfolio in healthcare, cleantech, and digital platforms.

Who is the CEO of Silver Scott Mines (SILS) and what is their view on the Walacor partnership?

Stuart Fine is the CEO of Silver Scott Mines, and he views the Walacor partnership as a reflection of the company's commitment to delivering trusted, regulatory-compliant solutions in finance and healthcare sectors.