DMG Blockchain Announces Licensing Agreement with JCIS

DMG Blockchain Solutions (TSXV:DMGI) has announced it has entered into a licensing agreement with Japan Credit Information Service to sell DMGI’s blockchain data analytics and forensiscs software tool Bitscore to the market in Japan.

As quoted in the press release:

Japan is the first country to officially regulate bitcoin markets, and as such is the ideal jurisdiction for KYC (Know your Customer) and AML (Anti Money Laundering) technology products. DMG’s suite of analytics tools, developed by its Silicon Valley-based Blockseer team, includes Bitscore, a risk-scoring tool for analyzing cryptocurrency holdings, Graph Intelligence, which traces bitcoin flows through the blockchain, and Market Factors, a blockchain data feed for market trading algorithms.

“This partnership opens up a significant new Asian market and distribution channels for our data analytics software,” said Dan Reitzik, CEO of DMG Blockchain Solutions Inc. “Our technology is already proven in the US market and is trusted by U.S. Secret Service, FBI, law enforcement, and several top corporate audit firms.”

Chris Filiatrault has stepped down from his role on DMG’s Board of Directors and will focus his efforts on this new licensing agreement with JCIS. Mr. Filiatrault will continue to work with DMG from time to time as it expands throughout the Asian market.

Click here to read the full press release.