DMG Blockchain Solutions Inc., a diversified blockchain and cryptocurrency company, has entered into a licensing agreement with Japan Credit Information Service Co. Ltd. (“JCIS”), a Japanese company engaged in fintech to market and sell DMG’s proprietary blockchain data analytics and forensics software tool – Bitscore into the Japanese market. The parties may in the future enter into a joint venture.
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.
Source: Global News Wire