- DMG Blockchain Solutions (DMGI) has been granted a crypto patent
- This specific patent is for identity tracking in transactions, even if or when the blockchain itself does not store user identity information
- The patent has been put in place to meet the need for strong know-your-customer (KYC) and anti-money laundering (AML) processes
- This patent is one of six which the company has filed for
- DMG Blockchain Solutions Inc. (DMGI) is up 1.39 per cent, trading at C$0.36 at 11:56 am ET
DMG Blockchain Solutions Inc. (DMGI) has been issued a patent by none other than the US Patent and Trademark Office.
This specific patent is for identity tracking in transactions, even if or when the blockchain itself does not store user identity information.
DMG’s new patent has been implemented to meet the growing need for strong know-your-customer (KYC) and anti-money laundering (AML) processes, accelerating Bitcoin adoption.
DMGs very own Sheldon Bennett, the CEO, added his thoughts, “This patent enables DMG to further differentiate itself as building crypto infrastructure to ensure transactions can occur on the Bitcoin and other blockchains that meet regulatory requirements for fraud prevention.”
This patent is one of six which the company has filed for.
“These capabilities combined with Terra Pool, DMG’s ESG-friendly pool, and Petra to filter-in known-good transactions are the foundational technologies for DMG to grow its software-based Core+ strategy,” added Bennett.
DMG is an environmentally friendly, vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem.
DMG Blockchain Solutions Inc. (DMGI) is up 1.39 per cent, trading at C$0.36 at 11:56 am ET.