Blockchain Intelligence Group
Original-Research: Blockchain Intelligence Group (von GBC AG): BUY
Original-Research: Blockchain Intelligence Group – von GBC AG
Einstufung von GBC AG zu Blockchain Intelligence Group
Unternehmen: Blockchain Intelligence Group
ISIN: CA08906Q1000
Anlass der Studie: Management Interview
Empfehlung: BUY
Kursziel: 0,69 EUR
Kursziel auf Sicht von: 31.12.2019
Letzte Ratingänderung: –
Analyst: Harald Hof, Matthias Greiffenberger
GBC AG: With the initial release of Bitcoin in January of 2009, blockchain
technology has been growing and evolving. What does BIG provide to the
Blockchain ecosystem?
Lance Morginn: First and foremost, Bitcoin is not asset or government
backed. It’s value is a perceived value which means it’s vulnerable to
negative news especially in these early days. Our tag line is “Bringing
Security & Accountability to Cryptocurrency”. We provide law enforcement
and the financial sector with the a number of proprietary services.
Services such as QLUETM, which offers deep forensics with granular
information about cryptocurrency transactions and the entities behind them.
And then there’s our BitRank Verified® service, which offers a frontline
risk-mitigation defense to assess if an address has been involved in
illicit transactions. Our forensics division, meanwhile, provides law
firms, law enforcement and financial organizations with access to world
class crypto investigators and investigative services for cases they need
assistance with. Between our in-house services and our custom
investigations service, we are positioned to offer the most comprehensive
suite of services in the cryptocurrency compliance and investigations
arena.
GBC AG: Cryptocurrencies suffered a significant drop in value over the last
year. What are the reasons for this and how does this impact BIG?
Lance Morginn: Personally, I believe the decline in value is related to the
market’s understandable lack of education. The run-up in the market was
brought on by traditional stock market traders that were looking to jump on
the next hottest sector. When it started gaining significant momentum in
value, the old saying came into effect: when supply is low and demand is
high, the price will climb extremely quickly. That’s exactly what happened,
and the rest of the market was still not informed enough to know what the
difference is between blockchain, crypto and an ICO. That lack of
fundamental understanding then contributed to the resulting decline. A
number of other things contributed to the decline in value after December
2017 too: first was the announcement that China would not recognize crypto
as an asset due to a terrorist attack last fall in China that was financed
via crypto. China was also concerned about the flight of capital and the
volatility that we are seeing with cryptocurrencies and how their citizens
may have a loss. The second cause for the correction was that every
January, over the last 4 years, all cryptocurrencies have declined in
value. Third, South Korea announced a crackdown on exchanges because of the
lack of Know Your Customer (KYC) information being requested by exchanges.
Fourth, the Finance Minister of India announced they do not recognize
cryptocurrency as legal tender. You couple all these factors together,
along with the lack of understanding that the average individual has of the
sector, and that’s the reason the pricing of crypto and where it’s at
today. The good news for BIG, however, is that as long as crypto has a form
of value and the criminal element could be using it as a mechanism of
payment, our services are more than necessary to our clients, so this
decline does not impact us in a long run. The fundamentals of the industry
are still intact.
GBC AG: How will additional regulation impact blockchain technology?
Lance Morginn: We believe additional regulation will have a positive impact
on the industry. The more regulation that occurs, the more of a demand we
will see for our services, so we welcome it.
GBC AG: BIG Blockchain Intelligence Group Executive Chairman, Shone Anstey,
was a Keynote Speaker at NATO’s Cyber Security Lecture Series. How can BIG
help mitigate the exposure and exploitation of cryptocurrency?
Lance Morginn: We have developed sophisticated cryptocurrency analytics and
risk-mitigation software and techniques that are available for easy-to-use
consumption inside our primary products: QLUETM and BitRank Verified®. Our
services help identify nefarious transactions across the Bitcoin network
and relay actionable intel to cybersecurity and compliance professionals
who use our service.
GBC AG: BIG’s share price has fallen since December. How much cash is still
left and what’s your view on the current situation?
Lance Morginn: We have just over 13 million CDN in the bank and, as I
mentioned earlier, the overall industry is currently a bear market. I
believe that as the market starts to turn around, and as we ramp up our
marketing efforts, the industry will realize how uniquely positioned we are
compared to other blockchain companies.
GBC AG: BIG’s primary products are BitRank Verified® and QLUETM. Could you
give us an update about the current status of these products?
Lance Morginn: We continued onboarding clients in 2018, and have been
collecting feedback from these clients to enhance our services. We have
always had the mandate to release very polished products and we are
sticking to that mandate. Unfortunately, answering this question in any
more detail is a little difficult being that we are a public company and
aren’t at liberty to disclose developments that haven’t been officially
released yet.
GBC AG: What are BIG’s mid/long term goals regarding the business?
Lance Morginn: Continue to enhance our service offerings and position the
company as offering the most comprehensive suite of services relative to
investigations and compliance in the cryptocurrency space.
GBC AG: Thank you, Lance Morginn.
Die vollständige Analyse können Sie hier downloaden:
http://www.more-ir.de/d/17289.pdf
Kontakt für Rückfragen
Jörg Grunwald
Vorstand
GBC AG
Halderstraße 27
86150 Augsburg
0821 / 241133 0
research@gbc-ag.de
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Offenlegung möglicher Interessenskonflikte nach § 85 WpHG und Art. 20 MAR Beim oben analysierten Unternehmen ist folgender möglicher Interessenkonflikt gegeben: (5a,5b,7,11); Einen Katalog möglicher Interessenkonflikte finden Sie unter:
http://www.gbc-ag.de/de/Offenlegung.htm
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Datum (Zeitpunkt) Fertigstellung: 23.11.18 (10:45 Uhr)
Datum (Zeitpunkt) erste Weitergabe: 23.11.18 (11:30 Uhr)
——————-übermittelt durch die EQS Group AG.——————-
Für den Inhalt der Mitteilung bzw. Research ist alleine der Herausgeber bzw.
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