GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. announced that it is launching a service layer technology called Laser. Laser works by operating on top of any existing blockchain network and optimizes its functions – which includes the ability to operate with other blockchains. Laser with these new and unique features seeks to play a central role in the growth of all Blockchains by for the first time allowing interoperability between Blockchains. The Laser Network is built on a hard-fork of the Ethereum blockchain, the Laser Blockchain. Laser will offer two other key features in its initial version: The first feature is the use of an overlay protocol that provides “pseudo confirmation” of transactions, enabling any two cryptocurrencies to be transacted in a matter of seconds. This is a significant improvement over the processing times of other blockchains, which can take minutes, or even hours to be finalized. The second feature is the optional “joining” service to make transactions anonymous in any cryptocurrency. This is accomplished by bundling multiple transactions together – where coins are “shuffled” and predetermined amounts are disbursed to predetermined recipients. This will obfuscate the ownership history of a given unit of a cryptocurrency, preventing it from being tracked through the blockchain. On a broader scale, the full nodes that will comprise the Laser blockchain will be incentivized through transaction fees which full nodes on other blockchains do not generally benefit from. This will result in the improvement of the performance of the underlying blockchain – as without incentivization, many blockchains suffer from not having enough full nodes – and thus, not enough computing power. More importantly, these nodes will be required to provide collateral in order to operate – which disincentivizes dishonest behavior from rogue operators, giving integrity to the blockchain’s backbone.