Blockchain Intelligence Group Enters Into MOU with RootStock of RSK Labs

Blockchain Intelligence Group (“BIG”) today announces that it has entered into Non-Binding Memorandum of Understanding with RSK Labs with the intent to collaborate with RSK Labs. This memorandum of understanding allows BIG to begin adapting its block explorer, “blockbits” to work with the RSK Labs smart contract and micro payments network.

RSK Labs also has identified interest in using BIG’s Global network for RSK Labs nodes allowing for increased network support for RSK Labs transactions. BIG would also look to provide client services to both its and RSK Lab’s clients through its wholly owned services division, 2140 Software Solutions Inc. Shone Anstey,President of BIG stated, “We feel this relationship with RSK Labs will help to diversify our product offering and help bring a more robust capability to our services. RSK Labs has the foresight to embrace the bitcoin network with their smart contract service and we only want to align ourselves with companies of this talent and expertise.”

Lance Morginn, CEO further stated that, “smart contacts are essentially “programmable money” or self-automated computer programs that can carry out the terms of any contract and we want to be the leader for providing search and analytics for this space.”

About RSK Labs
RSK is the first open-source smart contract platform with a 2-way peg to Bitcoin that also rewards the Bitcoin miners via merge-mining, allowing them to actively participate in the Smart Contract revolution. RSK goal is to add value and functionality to the Bitcoin ecosystem by enabling smart-contracts, near instant payments and higher-scalability.

About Blockchain Intelligence Group
Blockchain Intelligence Group is headquartered in Vancouver, BC, Canada. As a developer of Blockchain technology solutions, search and data analytics, BIG’s propriety platform will globally target Governments and Fortune 1000 companies that perform business in the finance, and ecommerce sectors.

Blockchain Intelligence Group

Lance MorginnCEO & Director
D: 1-778-819-8702
email: [email protected]

Shone AnsteyPresident & CTO
D: 1-778-819-8703
email: [email protected]

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from the BIG’s expectations include, consumer sentiment towards BIG’s products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.