On June 17, 2019, Mr. Patrick Moynihan informed the Board of Directors of Blockchain Industries, Inc. (the Company) that he was resigning from his role as Chief Executive Officer (CEO), effective immediately. On June 6, 2019, the Board of the Company appointed Mr. Paul Kim as the Company's Chief Operating Officer (COO). On June 14, 2019, the Board further appointed Mr. Kim as the Company's Interim Chief Executive Officer.

Mr. Kim, combines over 2 years of experience in the blockchain and crypto-currency industry in executive management, following a 12 year career as computer game industry executive focused on virtual currencies and economies. Previously, he had been involved in 6 gaming and blockchain businesses holding positions including Chief Executive Officer, Chief Operating Officer and EVP of Business Development & Licensing.