Stocks and Regulated Assets on Public Blockchains, DEX, DeFi? BitRank Verified® Integrates Syscoin
Blockchain Intelligence Group’s BitRank Verified® solution gives banks and businesses confidence in risk-mitigation and regulatory compliance through real-time transaction monitoring and risk scoring to quickly clear low-risk transactions and investigate high-risk ones.
"Integrating Syscoin is a proof point to the vision we share with our partners: building the future of cryptocurrency’s global adoption and utility." - President at Blockchain Intelligence Group, Lance Morginn.
Syscoin and its Core developers at Blockchain Foundry Inc., and Blockchain Intelligence Group, have pioneered new technologies that can be combined to enable securities and other regulated assets to safely settle on public decentralized blockchains in a compliant way, at scale, while customers keep the assets in their own wallets.
“Combining BitRank Verified® with Syscoin’s notary capabilities and rollup-centric vision has big implications for the financial industry. We can eliminate a lot of risk-related barriers that used to discourage enterprises with regulated assets from participating in decentralized fintech. We particularly look forward to leveraging BitRank Verified’s tech stack with NEVM, our upcoming EVM smart chain, and with ZK-Rollups for scale and interoperability.” - Board member of Syscoin Foundation, Bradley Stephenson
“By joining Blockchain Intelligence Group’s ecosystem, we are able to offer compliance and a regulatory framework to Syscoin customers for the first time on a public ledger that brings the same benefits as traditional financial services. These benefits will integrate seamlessly for users all while they hold their tokens in their own digital wallets.“ - Blockchain Foundry Chief Technology Officer and Syscoin Lead Core Developer, Jag Sidhu.
Specifically, Syscoin provides technology that can proactively request that external compliance checks be performed on a pending multi-signature transaction. Syscoin also plans to extend this functionality in new ways into emerging rollup advancements. The BitRank Verified solution with its QLUE™ backend can utilize vast data resources to perform those checks quickly and, depending on the result, trigger the final signature, thereby approving settlement on the Syscoin blockchain.
About BIGG Digital Assets, Inc.
BIGG Digital Assets Inc. (BIGG) believes the future of crypto is a safe, compliant, and regulated environment. BIGG invests in products and companies to support this vision. BIGG owns two operating companies: Netcoins (netcoins.ca) and Blockchain Intelligence Group (blockchaingroup.io).
Syscoin's scalable coordinated financial computation platform combines the blockchain industry's "gold standards"; The Layer-1 strengths of Bitcoin's security through compliance with the Bitcoin Core codebase and merged-mining, combined with Ethereum's EVM programmability, interlinked through protocol adaptation whilst maintaining separation of technical concerns. Syscoin focuses on Layer-2 technologies like ZK-Rollups in order to achieve scale, interoperability, and decentralized fee markets.
About Blockchain Foundry Inc.
Blockchain Foundry develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to incorporate blockchain technology into their businesses. Blockchain Foundry is also the largest community contributor to the core-development of Syscoin.
Learn more about Syscoin NEVM
Syscoin's new Whitepaper will be released soon. Here are some resources for you in the meantime.
A boil-down of what NEVM is, and what it means for Syscoin and blockchain technology
An in-depth article providing a technical overview of the design and the philosophy behind Syscoin NEVM