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21 June 2021

Blockchain risk platform provider BIG to develop compliance solution for Syscoin » CryptoNinjas

Blockchain risk platform provider BIG to develop compliance solution for Syscoin » CryptoNinjas


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BitRank Verified and QLUE will be integrated within the Blockchain Foundry’s on-chain compliance solution and wallet-to-wallet transaction monitoring capabilities.

The first phase of integration includes BitRank Verified for which BIG will receive $133K in fees from Blockchain Foundry to seed the initial data set for Blockchain Foundry’s compliance product ahead of its official launch later this year.

BitRank Verified and QLUE will be available to customers through Blockchain Foundry’s product integration enabling an additional layer of regulatory compliance for issuers while generating additional revenue for both organizations.

With the recent Syscoin Lux release, the protocol now offers the ability for asset issuers to opt-in to enable an on-chain pre-transaction compliance feature unique to Syscoin where business rulesets may be managed offchain but enforced on-chain through a single signature, enabling a lean, efficient, and flexible compliance system encompassing digital asset rules and regulations for any jurisdiction.

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