If you launch a company called BIG—the handy acronym of the Vancouver-based Blockchain Intelligence Group (CNSX: BIGG)—you need big ambitions. And the co-founder and President of BIG, Lance Morginn has plenty. They’re centered on the idea of using the blockchain’s public face in a more user-friendly way, by creating tools that more easily ‘read’ the information it contains.
Beginning with a tool for law-enforcement, the company has already expanded to create software that provides a reputation score to guide decisions about Bitcoin transactions.
BIG’s ability to analyze and present clear representations of blockchain transaction histories has already had results, including in court, Lance says: “We’ve defended some of the largest exchanges on the planet successfully.”
With more interest in Bitcoin and blockchain from regulators, the prospects for BIG look good. With regulation, Lance notes, people are required to carefully monitor transactions they make: “it’s no longer a nice to have, it’s a must have.”
A veteran in the technology sector, Lance has witnessed the digital currency space grow exponentially. With vast amounts of data stored in transactions, he asserts that ‘search and analytics’ are a necessity.
