BIG Blockchain Intelligence Group Inc., a leading developer and provider of blockchain and cryptocurrency search, risk-scoring and data analytics tools and investigation services, has signed a client agreement (the “Agreement”) with Veden, a world-class, crowdfunded bitcoin mining operation built and managed by a team of cryptocurrency mining experts. Under the Agreement, Veden will use BIG’s cryptocurrency risk-scoring service, BitRank Verified®, to enhance Veden’s KYC (Know Your Customer) protocol for its ICO (Initial Coin Offering). BIG will be paid a fee on API queries processed through BIG’s proprietary BitRank Verified® service.
BitRank Verified® will enhance Veden’s KYC protocol with an extra layer of security that enables potential ICO investors to:
- Know Veden’s wallet risk-score ranking prior to submitting any funds
- Know the individual risk scores of transactions processed to date
- Confirm that the funds being used are not originating from entities associated with criminal activities
Veden has successfully established a strong team of executives and directors with deep experience in blockchain, software, bitcoin mining, investment banking, venture capital, and government. Having previously built two mining facilities, the company is expanding to Norway to establish the country’s largest cryptocurrency mining infrastructure. Veden is launching an Initial Coin Offering to allow contributors to join Veden’s expansion and share in the total mining revenue. Due to the stable democracy and favorable climate conditions, Norway offers the best landscape for low-cost cryptocurrency mining. Veden’s advisory team includes Franek Sodzawiczny, CEO & Co-Founder of Zenium Data Centers, who recently sold Zenium to CyrusOne for $442 million, and Pål Brun, Co-Founder of Kolos Norway AS, a 30MW green energy data center that was acquired by HIVE Blockchain Inc and Genesis Mining in March 2018.
BIG has also signed a “client agreement” with Coinme whereby Coinme will utilize BIG’s proprietary cryptocurrency risk-scoring and verification service, BitRank Verified®. There has been no purchase of Coinme by BIG in whole or in part, or vice versa, nor is any such acquisition currently contemplated.