BIG Blockchain Intelligence Group Signs Exclusive Japanese Territory Agreement with Blockchain Next Corporation as Reseller of BIG’s Cryptocurrency Risk-Scoring Service: BitRank VerifiedTMApril 4, 2018
Vancouver, Canada – BIG Blockchain Intelligence Group Inc. – April 4, 2018 – (CSE: BIGG)(OTC: BBKCF)(WKN: A2JSKG)(“BIG” or the “Company”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce the transfer of a previously established reseller agreement to a new distribution partner, Blockchain Next Corporation (“Blockchain Next”). Under an exclusive agreement for the Japanese territory, Blockchain Next will market BIG’s proprietary KYC (Know Your Customer) and AML (Anti-Money Laundering) cryptocurrency verification and risk-scoring product, BitRank VerifiedTM.
BitRank Verified™ provides users with a safety ranking of the wallet involved in a cryptocurrency transaction. Each BitRank Verified™ cryptocurrency wallet lookup provides a simple to use safety score between 0 and 100 – with 100 representing low risk, and 0 representing a very high-risk profile.
BitRank Verified™ is an exceptionally reliable API that can deliver 7 billion requests a month at an average of less than 1 second per request. It is language agnostic and can be used by any person or company in any country. BitRank Verified™ is a highly automated, highly scalable cloud solution that has the ability to grow exponentially as BIG’s global network and partnerships expand.
Japan is the global leader in cryptocurrency market development, with a solid legal system designed to support the industry and regulate cryptocurrency trading while building credibility among individual investors and consumers. As of late 2017, Japan had 16 companies operating cryptocurrency exchanges, and the country accounted for roughly half the global trade volume in Bitcoin. At that time, over 4,500 stores in Japan accepted payments in Bitcoin, with the Nikkei forecasting that number could rise fivefold. Roughly 260,000 businesses were already using the Air Regi point-of-sale app and had the option to accept payments in Bitcoin.
“When Japan recognized Bitcoin and several cryptocurrencies as legally accepted means of payment in Q2 2017, that accelerated the market need for our proprietary BitRank VerifiedTM security service,” said BIG CEO, Lance Morginn. “We’re excited to have signed this exclusive reseller agreement with Blockchain Next, enabling us to establish a first-mover advantage in Japan’s wide-open market, while further establishing BIG’s global market presence.”
Blockchain Next’s CEO, Yasuharu Kobayashi, commented: “Our mission at Blockchain Next is to contribute to the establishment of safe transactions in cryptocurrency trading and related businesses with the latest technology and services related to blockchain. This distribution partnership with BIG ideally fits that mission, enabling us to resell a risk-scoring solution that is leading the industry and setting the standard for cryptocurrency transaction transparency. The partnership will also contribute toward our larger goal of facilitating Japan’s ongoing acceptance and adoption of Bitcoin.”
On behalf of the Board,
Chief Executive Officer
About BitRank VerifiedTM
BIG developed BitRank VerifiedTM to offer the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM is custom tailored to provide the FinTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities. BIG’s goals are to bring trust to this new era of money while creating a clearer path to mainstream acceptance and usage of cryptocurrencies by bridging the gap between users and global standards set by regulators.
About Blockchain Next Corporation
Blockchain Next Corporation is a global company that provides analysis information on bitcoin blockchains. Blockchain Next’s mission is to collaborate with law enforcement agencies and contribute to the establishment of safe transactions in virtual currency trading and related businesses with the latest technology and services related to blockchain.
About BIG Blockchain Intelligence Group Inc.
BIG Blockchain Intelligence Group Inc. (“BIG”), has developed from the ground up a Blockchain agnostic search and analytics engine allowing RegTech, law enforcement & government agencies to trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a “risk score” for Bitcoin wallets allowing banks, exchanges and eCommerce sites to meet traditional regulatory/compliance requirements.
|Investor Relations – USA
KCSA Strategic Communications
Valter Pinto, Managing Director
Scott Eckstein, VP of Market Intelligence
email: [email protected]
|Investor Relations – Canada
Skanderbeg Capital Advisors
email: [email protected]
|BIG Investor Relations
email: [email protected]
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 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.
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