Two of the most important trends defining the intermediate-term future are starting to coalesce, as both blockchain and artificial intelligence are increasingly implicated in game-changing disruptions that stand to redefine a sweeping range of industries ahead.
And, as we will suggest below, both trends are also converging in a new OTC opportunity, BLGI Inc (OTCMKTS:BLGI). According to information from the company’s communications and website, BLGI is attached through licensing agreements to privately held Chicago-based leading-edge software development firm, Charteris, Mackie, Baillie & Cummins Limited (CMBC).
CMBC’s primary focus has been, most centrally, the development of commercial solutions for Asset Management for complex financial transactions. But it is also involved in entertainment, music, film, healthcare data, and other potential applications of its software development value proposition.
As noted by the company in its July press release: “BLGI has entered into a Software License Agreement with CMBC for the use of its IP that supports the blockchain based development platform that BLGI will commercialize by developing solutions for a broad range of industries. CMBC has also assigned all the rights and benefits to BLGI of the Software License it granted Benchmark Advisors (Bahamas) Limited, a Broker Dealer and Investment Advisor licensed by the Securities Commission of the Bahamas. In exchange for these two transactions BLGI has issued CMBC 294,109,944 shares of common stock.”
Critical to the BLGI Inc (OTCMKTS:BLGI) story is the convergence of Blockchain and AI technology, paving the way toward solutions with relevance to almost every major growth industry in the 21st century economic picture coming into view.
In their own right, these are both massive booms.
According to Grand View Research, the global artificial intelligence market size was valued at $39.9 billion in 2019 and is expected to grow at a CAGR of 42.2% from 2020 to 2027.
That report notes, “The continuous research and innovation directed by the tech giants are driving the adoption of advanced technologies in industry verticals, such as automotive, healthcare, retail, finance, and manufacturing. However, technology has always been an essential element for these industries, but AI has brought technology at the center of the organizations. For instance, from self-driving vehicles to crucial life-saving medical gear, AI is being infused virtually to every apparatus and program. AI is proven to be the significant revolutionary element of the upcoming digital era. Tech giants like Amazon.com, Inc.; Google LLC; Apple Inc.; Facebook; International Business Machines Corporation; and Microsoft are investing significantly in the research and development of AI. These companies are working for making AI more accessible for enterprise use-cases.”
At the same time, a report from Statista shows that global blockchain technology revenues will experience massive growth in the coming years, with the market expected to climb to over 39 billion U.S. dollars in size by 2025. The financial sector has been one of the quickest to invest in blockchain, with over 60 percent of the technology’s market value concentrated in this field.
In addition, ResearchAndMarkets.com notes that the Global Blockchain-as-a-Service Market is expected to reach over $980 billion by 2025, at a CAGR of 15.2% over the forecast period 2020-2025.
Based on its communications and materials so far released, BLGI Inc (OTCMKTS:BLGI) is primed to gain increasing visibility and attention as an emerging leader at the nexus of this converging boom. Future catalysts from the company will be interesting, to say the least.
COMPENSATION DISCLOSURE: Section 17(b) of the 1933 Act requires publishers to disclose who paid them, the amount, and the type of payment. In order to be in full compliance with the Securities Act of 1933, Section 17(b): Tiger Global Management Partners LLC has compensated a third party to produce and present weekly content for various companies for the publication. For more information, please click here. In addition, this article is part of JournalTranscript.com Networks. Read the JournalTranscript.com Networks Disclaimer.