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BIG Blockchain Intelligence Group (CSE: $BIGG.C) (OTC Pink: $BBKCF) Forms Partnership With Global Real Estate Investment Platform, Reitium

BIG Blockchain Intelligence Group Inc. ("BIG"), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, has partnered with Reitium to support AML (Anti-Money Laundering) efforts and scrutinize investors that load cryptocurrency funds into Reitium's real estate investment platform.

 

VANCOUVER, British Columbia - June 4, 2018 (Investorideas.com Newswire) BIG Blockchain Intelligence Group Inc. (CSE: BIGG) (WKN: A2JSKG) (OTC Pink: BBKCF) ("BIG" or "the Company"), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, announced today the Company has formed a partnership ("the partnership") with Reitium Blockchain Technologies Ltd. ("Reitium"). Under the terms of the partnership, BIG's cryptocurrency transaction risk-scoring BitRank VerifiedTM service will be integrated into Reitium's platform. BIG will be paid a commission fee on Bitcoin transactions processed through Reitium's real estate investment platform that utilize BIG's proprietary BitRank VerifiedTM service.

BitRank VerifiedTM will be utilized to support Reitium's AML (Anti-Money Laundering) efforts and validate Reitium's accredited investor status by scrutinizing investors that load cryptocurrency funds into the Reitium platform. Utilizing BIG's proprietary cryptocurrency verification product, BitRank Verified™, Reitium will be able to detect if the funds are associated with money laundering, nefarious actors, illicit entities or exchanges within the cryptocurrency marketplace, or countries connected with criminal elements.

BIG's cryptocurrency risk-scoring service will enable Reitium to:

  • reduce the platform’s risk exposure related to cryptocurrencies;
  • increase confidence in meeting regulatory compliance;
  • increase security through Anti-Money laundering (AML) efforts;
  • deliver transparency regarding the legitimacy of transactions;
  • create a deterrence against criminal elements that could engage in illicit activity; and,
  • provide assurance to their customers that measures are in place to strongly curtail illicit transactions or reduce the amount of illicit funds that would have otherwise transacted.

Reitium is a global, asset-backed, compliant and secure real estate investment token, wallet and marketplace platform. Reitium, Real Estate For EveryoneTM, leverages crowd investing to allow anyone the opportunity to invest in real estate at a fraction of the buy-in required when compared to investing in property on their own. Using blockchain and smart contracts, Reitium reduces the legal and accounting costs of facilitating global real estate transactions while increasing the security and trust for all parties involved.

"We're excited to add Reitium to our growing list of partners," said BIG CEO, Lance Morginn. "Reitium represents another innovative way that blockchain and cryptocurrency technologies are becoming mainstream and improving people's lives. This partnership is another example of how BitRank VerifiedTM can be easily integrated into a wide range of cryptocurrency platforms through our robust API. While the individual applications might differ, there's a growing need for AML (Anti-Money Laundering) and transaction risk-scoring whenever cryptocurrencies are involved. We look forward to helping the team at Reitium create a world where everyone has a chance to create wealth through real estate investing while utilizing cryptocurrency and blockchain technology."

Reitium's CEO, Thomas Park, commented: "Our mission is to become the worldwide standard protocol and cryptocurrency for global real estate investing and unlock the trillions of dollars of sleeping capital. But to make that possible, investors must be able to trust the process and feel confident when using our platform. That's why we chose to partner with BIG and their BitRank VerifiedTM service. As far as we're concerned, BitRank VerifiedTM is the premiumoption for helping us give our customers the safety and security they deserve when they invest in a cryptocurrency-based system."

On behalf of the Board,

Lance Morginn
Chief Executive Officer

About BIG Blockchain Intelligence Group Inc.

BIG Blockchain Intelligence Group Inc. (BIG) brings security and accountability to the new era of cryptocurrency. BIG has developed from the ground up a Blockchain-agnostic search and analytics engine, QLUETM, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually trace, track and monitor cryptocurrency transactions at a forensic level. Our commercial product, BitRank VerifiedTM, offers a "risk score" for Bitcoin wallets, enabling RegTech, banks, ATMs, exchanges and retailers to meet traditional regulatory/compliance requirements. Our Forensic Services Division brings our team of investigative experts into action for investigations that require in-depth expertise and experience, either in conjunction with or supplemental to our user-friendly search, risk-scoring and data analytics tools.

About BitRank VerifiedTM

BIG developed BitRank VerifiedTM to be the industry gold standard in ranking and verifying cryptocurrency transactions. BitRank VerifiedTM offers the financial world a simplified front-end results page, enabling consumer-facing bank tellers, exchanges, eCommerce sites and retailers to know whether a proposed transaction is safe to accept, questionable, or should be denied. BitRank VerifiedTM and its API are custom tailored to provide the RegTech sector with a reliable tool for meeting their regulatory requirements while mitigating exposure to risk of money laundering or other criminal activities.

About QLUETM

QLUE™ (Qualitative Law Enforcement Unified Edge) enables Law Enforcement, RegTech, Regulators and Government Agencies to literally "follow the virtual money". QLUE™ incorporates advanced techniques and unique search algorithms to detect suspicious activity within bitcoin and cryptocurrency transactions, enabling investigators to quickly and visually trace, track and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering, and other cyber crimes.

Investor Relations - USA

KCSA Strategic Communications

Valter Pinto, Managing Director

Scott Eckstein, VP of Market Intelligence

email: BlockChainGroup@KCSA.com

D: +1-212-896-1254

Investor Relations - Canada

Skanderbeg Capital Advisors
Adam Ross
email: adam@skanderbegcapital.com
P: +1-604-687-7130

BIG Investor Relations

Anthony Zelen
D: +1-778-819-8705
email: anthony@blockchaingroup.io

For more information and to register to BIG's mailing list, please visit our website at https://www.blockchaingroup.io/. Follow @blocksearch on Twitter. Or visit SEDAR at www.sedar.com.

For more information and to register to Reitium's mailing list, please visit http://www.reitium.com/.

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which include completion of the search technology software and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of BIG. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Undue reliance should not be placed on the forward-looking information because BIG can give no assurance that they will prove to be correct. Important factors that could cause actual results to differ materially from BIG's expectations include, consumer sentiment towards BIG's products and Blockchain technology generally, technology failures, competition, and failure of counterparties to perform their contractual obligations.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BIG disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BIG undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.


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