BIG Blockchain Intelligence Group

Delivering Peace of Mind in the Cryptocurrency Space

This profile is part of a paid investor education campaign.*

Overview

BIG Blockchain Intelligence Group (CSE:BIGG, OTC:BBKCF, WKN:A2JSKG) is a technology company dedicated to delivering a suite of blockchain search and analytics solutions that monitor and analyze cryptocurrency transactions to give their clients and users peace of mind. BIG Blockchain Intelligence Group (BIG) has developed two patent-pending technologies, technologies, which are deployed through its Forensic Services division: QLUE™ and BitRank™.

QLUE™ was designed to trace, track and analyze suspicious cryptocurrency transactions, enabling users to ‘follow the money’ and identify the transgressor. QLUE™ is of particular interest to law enforcement agencies and regulators, as well as financial institutions. Organizations that are already on board include the US Department of Homeland Security, particularly their Illicit Finance and Proceeds Crime Unit, as well as the US Department of Justice. Additional clients in the pipeline are law enforcement agencies globally, exchanges and banks interested in the industry.

Aimed at both institutional and individual users, BitRank™ is a “risk scoring” service that analyzes cryptocurrency wallets. The lower the risk factor, the higher or better the score. As more and more people enter the cryptocurrency space, BitRank™ provides peace of mind by providing users with accurate information regarding cryptocurrency wallets. BitRank™ can deliver 7 billion requests per month at an average of less than 1 second per request; is language agnostic; and can be used by any person or company in any country. It is a highly automated, highly scalable cloud solution with the ability to grow exponentially as BIG’s network and partnerships expand.

BIG’s management team leads the Company through its wealth of experience in developing technologies and profitable tech companies since 1994. Management is also significantly invested in the company, holding 27 percent of shares, and is supported by at least 18 institutional investors.

Investment Highlights

  • Developer of two patent-pending technologies dedicated to tracking and analyzing cryptocurrency transactions and wallet risk
  • Providing a comprehensive suite of security tools for the ever-growing cryptocurrency space and the criminal activities linked to it
  • Some customers include: US Department of Homeland Security, US Department of Justice,Securrency (FinTech/RegTech), Hilltop Security (cyber security)
  • Management team experienced in the technology space holds 27 percent of shares

Cryptocurrency Crime on the Rise

In an environment where ‘blockchain’ and ‘bitcoin’ are hot issues at the dinner table, cryptocurrencies have exponentially increased in number and usage. Tied to this growth is the rise of financial crimes related to cryptocurrencies.

Since the inception of bitcoin, cryptocurrencies have carried the stigma of being a ‘currency for criminals’. This stigma has been merited, to some degree, as crypto coins have been involved in the sale of illicit goods, terrorism financing, money laundering, ransomware, and other criminal activities associated with the so-called ‘dark web’.

As cryptocurrencies continue to be linked to criminal activity, there is a market gap for technology solutions like those BIG provides to track and monitor cryptocurrency transactions, bringing security and accountability to their use.

“Since the use of cryptocurrency shows every sign of accelerating, we are here to bring peace of mind to the market and the regulators by protecting anyone that wishes to use digital currencies safely,” said BIG CEO Lance Morginn.

Industries that can benefit from BIG’s solutions

While law enforcement and regulatory agencies are target customer bases for BIG’s technologies, there are many industries that are stepping onto the cryptocurrency train that might need additional peace of mind to operate effectively within that space.

One area of note is the financial services industry. Financial institutions are bound by strict regulations that lead to massive spending (up to $1 billion for large institutions) and 10 to 15 percent of staff dedicated to regulatory compliance and controls. Implementing BIG’s tools would mitigate additional spending linked to monitoring and evaluating the risk of cryptocurrency transactions.

Blockchain Intelligence Forensic Services Division

With the goal of using data-analysis and risk-scoring capabilities to monitor and evaluate cryptocurrencies, BIG has launched its Forensic Services division, through which it offers a a comprehensive suite of solutions aimed at servicing the law enforcement, financial and retail sectors. The Forensic Services division is led by the company’s Director of Forensics and Investigations, Robert Whitaker. Whitaker is a former Homeland Security Investigations Supervisory Special Agent and brings over 23 years of experience in law enforcement.

By being part of a blockchain, information tied to cryptocurrency transactions is permanently stored on a decentralized online public ledger. BIG’s tools, QLUE™ and BitRank™, scour across transaction histories using search and analytics to gather evidence, connect criminals with their transactions, track fund movement between wallets, and assess transactions.

QLUE™

QLUE™, the Qualitative Law Enforcement Unified Edge, uses unique, advanced techniques and search algorithms to uncover suspicious activity within cryptocurrency transactions. The technology enables investigators to efficiently ‘follow the money’ tied to suspicious cryptocurrency transactions all the way to identifiable wallet addresses. QLUE™ is ideal for helping law enforcement, regulatory agencies and financial agencies in the fight against fraud, criminal activities transacted over the ‘dark web’, and other suspicious cryptocurrency transactions.

QLUE™ is offered on a subscription basis with customers being provided with a license for the technology.

BitRank™

BitRank™ is BIG’s proprietary risk scoring service that evaluates cryptocurrency wallets and provides users with an easy to understand safety ranking of up to 100, based on the nature of transactions that have been conducted. By determining the criminal element associated with a wallet, BitRank™ gives users the chance to assess the bitcoin addresses with which they exchange coins. The service also enables users to conduct a check of their own wallet’s score.

The BitRank™ search functionality can be accessed through its dedicated website or through the Company’s proprietary API module, which also has the capacity to conduct large volumes of lookups for retail clients and eCommerce sites. BitRank™ generates revenue on a usage basis, with a cost associated to each wallet search and ranking.

Moving forward

As BIG continues to gain traction and increase interest across the globe, the Company’s next steps are focused on solidifying their product offering and growing their customer base. This will include securing the patents for their technologies and working toward enhancing their relationships within the government and financial sectors. BIG will also focus on contributing further offerings to its suite of tools to provide greater accuracy in regulatory and compliance services.

Management

Shone Anstey – Executive Chairman, President and Co-Founder

Shone Anstey brings 20 years of experience building complex technologies and software within the IT industry. He was co-founder of a scalable web crawler and search engine, and is a Certified Bitcoin Professional. Formerly, he acted as Director of Technology for a distributed Bitcoin mining pool.

Lance Morginn – CEO, Director and Co-Founder

With over 20 years of industry experience in technology-based startups, Lance Morginn brings a vast and proven track record for growing and developing multi-million-dollar businesses from the ground-up. His background includes roles as Founder, CEO and Director in several publicly and privately traded companies. In 1996, Lance founded Planet City Graphics, which won worldwide recognition and became a multi-million-dollar corporation within 18 months. He also founded Western Shores Interactive, which became a publicly listed company and reached a market cap of $400 million.

In addition to his business and technical acumen, Lance has a proven track record working with Asian companies and government entities. In 2000, he was recruited to work closely with China’s Ministry of Foreign Trade and Economic Co-operation (MOFTEC). He assisted in the development of a secure network that permits the dissemination of information to State-owned business as well as businesses around the world.

In 2015, Lance leveraged his breadth of experience in business building and technology to co-found BIG Blockchain Intelligence Group while setting the Company’s strategy and vision.

Anthony Zelen – IR / Corporate Development, Co-Founder

Anthony Zelen has over 17 years of experience in finance, investor relations, and corporate development. He is the owner of the full-service corporate communications firm, Senergy Communications Inc, providing investor relations, public relations, and marketing solutions.

Kim Evans CPA, CGA – CFO

Kim Evans is a Certified General Accountant with extensive experience in both the corporate securities industry and in the junior mining sector. She has 17 years of experience as Director and/or Officer with a number of public companies listed on the TSX Venture Exchange.

Marty Anstey – CTO, Co-Founder

Marty has over 20 years of systems administration and programming experience and enjoys complex challenges solving problems with big data intelligence and analytics. His background includes strong Linux and FreeBSD knowledge, experience designing and administering data center and ISP networks, and expertise with multiple programming languages. Marty is a Certified Bitcoin Professional.

Robert Whitaker – Director of Forensics and Investigations

Mr. Whitaker manages the commercialization, implementation and expansion for our QLUE™ product. As the Director of Forensics and Investigations, Mr. Whitaker has a number of roles and responsibilities including the global rollout of QLUE™, development of worldwide policies and strategies, and the recruitment management of sales, partners, and professionals. The relationships Mr. Whitaker has cultivated within U.S. government agencies and around the world will help bolster market penetration, as well as spur and create early adopters to this new technology. His knowledge and expertise in cryptocurrency and cyber/financial investigative fields is unsurpassed. Mr. Whitaker is an exceptional addition to the BIG team, with the ideal background, experience, and expertise to fulfill the position of Director of Forensics and Investigation.

Tejinder Basi – Director of Strategy and Corporate Development

Prior to joining Blockchain Intelligence Group, Tejinder was a Partner with Deloitte & Touche LLP in Vancouver, BC for over 15 years, where he led the Business and Information Technology Risk Services practice. While at Deloitte, Tejinder led the BC Cybersecurity practice, part of Deloitte’s Global Cybersecurity Practice, which provides a full life-cycle of services to large and medium enterprises, including advanced assessment capability, incident response, and a 24×7 fully managed monitoring capability. Prior to Deloitte, Tejinder was with Pricewaterhouse (PWC) in the UK in their Technology Audit practice.


Teresa Anaya – Director of Financial Institution Strategy

Teresa’s career spans a period of over 25 years with experience in fraud, money laundering and terrorist financing investigations. She has developed extensive expertise from investigative work she did for the US FDIC (Federal Deposit Insurance Corporation) during the financial crisis, as well as from her experience with Standard Chartered Bank and Bank of America. She has a great interest in cryptocurrency developed during the cryptocurrency investigations she performed for Standard Chartered Bank. Aware of the need to understand the technology behind the compliance programs, Teresa took on the role of Project Manager at Bank of America working with agile teams developing a proprietary ‘Know Your Customer’ (KYC) suite of applications. She also worked for MoneyGram International to expand the KYC and IDSCAN tools globally. Teresa’s professional qualifications include: Certified Fraud Examiner, Certified Anti-Money Laundering Specialist, ITIL 3 Certified and Certified Bitcoin Professional.

Bernd Petak – Strategy Advisor

Bernd Petak is an investment professional, corporate director, founder, advisor, and consultant to early and mid-stage technology companies and their investors. After eight years as an engineer and technology strategic planner he graduated with an MBA from the Ivey School of Business. Subsequently, Bernd finished a decade-long tenure at Deloitte as partner responsible for the firm’s regional strategy and operations practice. Bernd left Deloitte to found his first startup in 2003, which exited via strategic sale. Bernd acted as interim CFO of a major Canadian bank lending institution and is a multi-time CEO, CFO and COO. Currently he is investment partner for Northmark Ventures, a technology investment firm based in Whitehorse, Vancouver and Calgary. He sits on the board of Screenscape, a leading provider of internet-delivered digital signage products, and advises a number of companies focusing on financial and blockchain technology.

Andrew Csinger – Advisor

Dr. Csinger was Entrepreneur in Residence at the University of British Columbia.  He is a graduate of the INSEAD International Corporate Governance Program and is a Certified Bitcoin Professional (1df800). Dr. Csinger holds several patents in internet security, biometrics, and related areas.

He was Senior VP and Chief Information Officer of Group Telecom (GT). GT’s successful initial public offering took place in March 1999. While at GT, he operated the first PKI Certification Authority and Repository to be licensed under Washington State Digital Signature legislation. This seminal work influenced the later adoption of federal U.S. law (the Electronic Signatures in Global and National Commerce Act of 2000, or “E-Sign Act”), and was an early model for the adoption by other states of the Uniform Electronic Transactions Act (UETA).

In 1996, he founded Xcert Software Inc., a technology leader in the emerging business of Public Key Infrastructure (PKI). PKI is a robust technical solution to the basic security problems associated with communications on open networks, providing a business and technology platform for the delivery of secure value-added services including modern blockchain platforms. Xcert was acquired in 2001 by RSA Technologies Inc.

Andrew received his Ph.D. and M.Sc. Degrees in Computer Science from the University of British Columbia and a Bachelor’s degree in Electrical Engineering from McGill University.

Michael Perklin – Product Advisor

Michael is Chief Information Security Officer at ShapeShift, a Bitcoin and digital asset exchange operating out of Switzerland. Michael has been invited to speak internationally on topics including digital forensics, information security, and Bitcoin security.


 

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