BIGG Digital Assets Inc. subsidiary Blockchain Intelligence Group Signs CAD~$715,000 Contract with United States Federal Government AgencyFebruary 4, 2020
BIGG Digital Assets Inc. ("BIGG" or the "Company")(CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has signed a 5-year contract with a United States Federal Government agency valued at CAD ~$715,000 to deliver QLUE licenses.
BIG will receive payment upfront for the full value of the contract, adding to our cash reserves.
BIGG will not be naming the specific agency in this release out of respect for the agency’s critical national security mission.
BIG’s 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 cryptocurrency transactions (Bitcoin, Ethereum, ERC20, Litecoin), enabling investigators to quickly and visually track, trace and monitor transactions in their fight against terrorist financing, human trafficking, drug trafficking, weapons trafficking, child pornography, corruption, bribery, money laundering and other cybercrimes.
Blockchain Intelligence Group’s President, Lance Morginn, commented “We are thrilled to have won this contract, enabling us to further cement our US government relationships and demonstrate the value of our products to the US Government. This sizable contract follows on the heels of two other customer contracts valued at $389,000 and $355,000, respectively, attained in Fall 2019 - demonstrating our ongoing gains in market traction. Entering 2020, we have a healthy pipeline of global opportunities and we look forward to updating our investors as we progress.”