Cogint (COGT) could absolutely explode in the upcoming days… they just made a major announcement this morning that the company has officially launched a Blockchain solutions division called Red Violet Blockchain and Analytical Solutions, which will provide cloud-based identity verification and Know Your Customer (KYC) solutions to the emerging and expansive blockchain industry.
Right now, there are dozens of Cryptocurrency exchanges including Coinbase, Bitfinex, Bittrex, Poloniex, and Binance trading many billions of dollars worth of Cryptocurrencies each day, but most of these companies are not complying with U.S. regulations. COGT will be offering the perfect solution to Cryptocurrency exchanges and other companies in the Blockchain industry that will allow them to achieve regulatory compliance while mitigating the risk of hacking, thereby helping these companies protect themselves from becoming another Mt Gox type of disaster.
COGT will be providing mission-critical business applications to essentially any enterprise-oriented blockchain with the need to mitigate risk. This is a HUGE opportunity for COGT to continue rapidly growing its revenues and EBITDA. Combined with yesterday’s announcement of a major strategic alliance with Dragonchain, the blockchain platform originally developed by Disney – COGT is perfectly positioned to become one of the biggest gaining Blockchain stocks of 2018!
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