BLGI Inc (OTCMKTS:BLGI), an emerging software development player trading on the OTC with full and exclusive licensing rights from one of the most impressive private blockchain/AI/cloud technology firms around, just announced that it has launched its “BLGI Markets” platform variant for clients including banks and asset management companies.
In a world increasingly financialized with new investors pouring capital into trading platforms, investment banks, equity fund management firms, and daytrading accounts, this step should not be overlooked, especially given the rising popularity of blockchain solutions as Bitcoin skyrockets into the stratosphere on a wave of increasing legitimacy.
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.”
This opens up a number of opportunities that the company is only beginning to tap into, with its BLGI Markets solution serving as an impressive example.
The Details
BLGI Inc (OTCMKTS:BLGI), as noted above, benefits from a core exclusive licensing agreement that grants it access to capitalize on a broad base of IP tailored toward a number of viable end markets, with financial institutions representing a powerful piece of that pie.
According to the release, the “BLGI Markets” platform is a white label solution that offers market data, trading, and asset management technology integrated into BLGI’s unique De-centralized Network Architecture in the clients desired configuration and design.
The platform has been designed and built by BLGI’s CEO Lawrence P. Cummins utilizing proprietary De-centralized Cloud Architecture entitled “ DCA”.
“With significantly lower costs of implementation and hosted in the cloud, DCA offers unparalleled reliability with no service outages. We look forward to announcing further white labelled variants of BLGI Markets for our clients as well as deploying DCA into other market sectors,” said Cummins.
The company notes that BLGI Markets provides real-time market data on company stocks, Forex, Futures, CFD’s EFT’s, Indices, Bitcoin, and Cryptocurrency Markets.
The Big Point
Woven into this picture is the basic idea that De-centralized Cloud Architecture – DCA TM – enables all of BLGI’s proprietary platforms including it BLGI Markets Platform to operate without all information passing through a single point.
According to the company’s release, this key development from BLGI means that no one party is required to be responsible for all the data and information: All BLGI platforms operate on a peer-to-peer basis with security utilizing 256-bit encryption. 256-bit key to encrypt and decrypt data or files. It is one of the most secure encryption methods after 128- and 192-bit encryption and is used in most modern encryption algorithms protocols.
This matters because cybersecurity and functionality have been consistently stymied by classic centralized systems, and the veil is beginning to lift on a deep structural basis in favor of decentralized systems, with financial institutions perhaps standing to gain the most from the transition.
As confidence begins to build in blockchain and ledger solutions with the increasingly legitimacy of cryptocurrency systems and platforms, the door gets easier and easier to open with new potential clients. That suggests the new move by BLGI Inc (OTCMKTS:BLGI) holds the potential to gain quick traction in the marketplace.
According to the company’s release, BLGI’s Platforms offer unique security, privacy and control over the assets.
The Platforms also operate with the utilization of a smart contract. When a transaction initiates on a Platform, a DEX (decentralized exchange), the transaction data is processed on different hard drives and verified to achieve a secure result. The Company is currently in-build with several asset management clients for white-labelled versions Platforms.
BLGI is a leading Data Science innovator building technology for the Internet of Economies and provides Machine Learning and blockchain solutions for Fin-tech, Media, and other market sectors.
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