RocketFuel Blockchain Announces Formation of Advisory Board

Las Vegas, Nevada, Dec. 16, 2020 (GLOBE NEWSWIRE) -- RocketFuel Blockchain, Inc. (OTC QB: “RKFL”) (“RocketFuel” or the “Company”), a developer of blockchain-based payment check-out technologies, today announced that it has established an Advisory Board of highly experienced Industry leaders that will influence the company’s innovation agenda and provide guidance on solutions strategies.

The new Board will be chaired by Scott Klein, a strategic, forward-thinking Information Technology professional with 25 years of progressive managerial experience. Scott holds a BS in Business Management from Cornell University and received his MBA from the UCLA Anderson School of Management. Scott has led numerous large-scale, complex projects and business transformation initiatives, especially in the Source-To-Pay (S2P) arena, and has worked for major companies and clients, including Accenture, The Hackett Group, Corning, and Honda. Scott currently works for Sony Pictures Entertainment as IT Director.

RocketFuel’s check-out solution allows customers to pay in a secure blockchain environment using cryptocurrencies. Customers will no longer be required to share personal and sensitive data, such as credit card information. Instead, the purchase is confirmed and after using our patent-pending “1-3 click” technology, the service is delivered. RocketFuel believes that its technology provides a convenient and more simplified transactional solution from product purchase to delivery.

Mr. Peter Jensen, RocketFuel’s CEO, stated: "We are very pleased to have been able to get Scott to chair the Board of Advisors for RocketFuel and support our strategic planning and execution in the marketplace"

Mr. Scott Klein: "I am thrilled to be part of RocketFuel! It is such an exciting company launching products and services in a market that is exploding both in terms of number of users but also in terms of merchants wanting to enable crypto as a new payment method. At the same time Central Banks are preparing to launch their own national digital currencies, which RocketFuel will be able to facilitate for online payments. I am looking very much forward to be a part of this and to contribute to the company’s development and strategies”

About RocketFuel Blockchain, Inc.

RocketFuel Blockchain, Inc. is developing blockchain-based technologies to bring highly efficient one-click payment check-out solutions to eCommerce and brick and mortar merchants and their customers.

The RocketFuel blockchain payment technologies are designed to focus on making the check-out experience frictionless and at the same time enhance security and the ease of use. RocketFuel believes that users of its technologies will be able to enjoy seamless check-out and forget about the clunky cart paradigm of the past. We also believe merchants will be able to implement new impulse buying schemes and generate new sales channels that may be unavailable in present day eCommerce sites. More information about RocketFuel is available at:

Forward-Looking Statements

The Company believes that this press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Terms such as “may,” “might,” “would,” “should,” “could,” “project,” “estimate,” “pro-forma,” “predict,” “potential,” “strategy,” “anticipate,” “attempt,” “develop,” “plan,” “help,” “believe,” “continue,” “intend,” “expect,” “future,” and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. Such forward-looking statements, including but not limited to statements regarding the plans and objectives of management for future operations, are based on management’s current expectations and are subject to risks and uncertainties that could cause results to differ materially from the forward-looking statements. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation, market acceptance of the company’s products and services; competition from existing products or new products that may emerge; the implementation of the company’s business model and strategic plans for its business and our products; estimates of the company’s future revenue, expenses, capital requirements and need for financing; current and future government regulations; and developments relating to the company’s competitors. Readers are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them. For further information on such risks and uncertainties, you are encouraged to review the Company’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K for the fiscal year ended March 31, 2020. The Company assumes no obligation to update any forward-looking statements as a result of new information or future events or developments, except as required by law.

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