DMG Blockchain Solutions Secures Blockchain Tracking Patent for Enhanced Security and Compliance
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DMG Awarded Blockchain Tracking Patent
Vancouver-based DMG Blockchain Solutions has successfully received a US patent for its groundbreaking Cryptographic Taint Tracking technology. This innovative innovation marks a significant milestone in the company’s relentless pursuit of combating fraud and money laundering within blockchain ecosystems.
The patented technology has been designed to identify, monitor, and quarantine wallets associated with suspicious transactions, further solidifying DMG’s position as a pioneer in blockchain security. By introducing advanced methods to detect and manage high-risk wallets, the company is reinforcing compliance and law enforcement efforts within the industry.
“We are committed to enhancing the trust and safety of the blockchain by advancing novel methodologies to detect and prevent suspicious activity in real-time,” stated Sheldon Bennett, CEO at DMG. “This technology is essential for ensuring that bad actors are prevented from tainting our ecosystem and supports our carbon-neutral Bitcoin initiatives through Terra Pool and Systemic Trust.”
The patented solution seamlessly integrates with DMG’s clean-block mining initiative, emphasizing sustainability and regulatory compliance in cryptocurrency mining. This development further underscores the company’s commitment to creating a secure, sustainable, and compliant ecosystem for digital assets.
In addition to this technological advancement, DMG has announced the allocation of 424,680 stock options and 2,050,000 restricted stock units (RSUs) to employees and directors. These incentives aim to foster long-term engagement and align the team’s goals with the company’s mission. The stock options will vest over two years at a price of $0.38 per share, while the RSUs will vest after one year.
The allocation of these incentives is part of DMG’s growth strategy, emphasizing teamwork and collaboration in driving innovation and entrepreneurship.
Source: fullycrypto.com
