BOCA RATON, Fla., Jan. 4, 2018 /PRNewswire/ -- Cogint, Inc.
(NASDAQ: COGT), a leading provider of information and performance
marketing solutions, today announced the formation of a strategic
alliance with Seattle-based
Dragonchain, Inc. cogint and Dragonchain are collaborating on
the implementation of cogint solutions, including asset tracking,
identity verification, fraud prevention, and transaction security
with the Dragonchain blockchain platform. The goal of the
collaboration is to integrate mission-critical business
applications with the secure, serverless, scalable Dragonchain
blockchain platform to empower businesses of all kinds to adopt the
Dragonchain blockchain platform for their daily business
functions.
Dragonchain's founder and CEO, Joe
Roets, has contributed to blockchain and cryptocurrency
projects since 2010, including at Overstock™, Coinbase, Symbiont,
and the Walt Disney Company where he worked with Eileen Quenin, current VP Strategic Partnerships
at Dragonchain, who has prior experience including GE Healthcare,
Amazon.com and LexisNexis®. In 2014, Disney's Seattle technology team set out to develop a
blockchain protocol with the goal of ensuring greater data privacy
than other enterprise-oriented blockchains. In 2016, Disney
made the project open source. No longer affiliated with
Disney, Roets and Quenin lead Dragonchain in its expansion of what
is now known as the Dragonchain blockchain platform into a variety
of commercial applications.
Dragonchain is presently working with some of the country's
leading brands to solve complex problems using the Dragonchain
blockchain platform. The Dragonchain blockchain platform is
believed to have applications for just about any enterprise.
Due to its design which makes it difficult to commit fraud, the
platform could revolutionize commercial transactions. Unlike
the public bitcoin and Ethereum protocols, Dragonchain is a hybrid.
This means some information is private, and some is public,
providing advantages over other blockchain platforms.
"We are excited to form an alliance with Joe, Eileen and the
Dragonchain team," commented Derek
Dubner, CEO of cogint. "We are intrigued by
Dragonchain's application across disparate enterprises to drive
secure transactions. We believe that combining cogint's
differentiated abilities to deliver asset tracking, identity
verification, fraud prevention, and secure transactions with the
Dragonchain blockchain platform will accelerate adoption of the
platform by enterprises, as well as instill confidence in
counterparties and the investing public in not only Dragonchain but
the emerging blockchain and cryptocurrency industries."
"With this powerful combination, we are building
blockchain-based identity management and authentication solutions
for cross-industry applications and continuing the expansion of our
network," said Eileen Quenin, VP
Strategic Partnerships at Dragonchain. "We strive to
implement privacy, trust and security. This alliance
represents Dragonchain and cogint's belief that such elements
should be incorporated early in the development cycle to accomplish
our clients' objectives."
About Dragonchain™
Dragonchain simplifies the integration of real business
applications on a blockchain and provides features such as easy
integration, protection of business data and operations, currency
agnosticism, and multi-currency support. The company also provides
professional services to build-out development and successful
tokenization ecosystems with long-term value utilizing an
incubation model.
About cogint™
At cogint, we believe that time is your most valuable asset.
Through powerful analytics, we transform data into intelligence, in
a fast and efficient manner, so that our clients can spend their
time on what matters most – running their organizations with
confidence. Through leading-edge, proprietary technology and a
massive data repository, our data and analytical solutions harness
the power of data fusion, uncovering the relevance of disparate
data points and converting them into comprehensive and insightful
views of people, businesses, assets and their interrelationships.
We empower clients across markets and industries to better execute
all aspects of their business, from managing risk, conducting
investigations, identifying fraud and abuse, and collecting debts,
to identifying and acquiring new customers. At cogint, we are
dedicated to making the world a safer place, to reducing the cost
of doing business, and to enhancing the consumer experience.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," as
that term is defined under the Private Securities Litigation Reform
Act of 1995 (PSLRA), which statements may be identified by words
such as "expects," "plans," "projects," "will," "may,"
"anticipate," "believes," "should," "intends," "estimates," and
other words of similar meaning. Such forward looking statements are
subject to risks and uncertainties that are often difficult to
predict, are beyond our control and which may cause results to
differ materially from expectations, including whether the
Dragonchain blockchain platform includes applications for a wide
variety of enterprises; whether the Dragonchain blockchain platform
could revolutionize commercial transactions; whether combining
cogint's differentiated abilities to deliver asset tracking,
identity verification, fraud prevention, and secure transactions
with the Dragonchain blockchain platform will accelerate adoption
of the platform by enterprises, as well as instill confidence in
counterparties and the investing public in not only Dragonchain but
the emerging blockchain and cryptocurrency industries; and whether
the alliance between cogint and Dragonchain represents the belief
that privacy, trust and security should be incorporated early in
the development cycle to accomplish clients' objectives and whether
the alliance will be successful. Readers are cautioned not to
place undue reliance on these forward-looking statements, which are
based on our expectations as of the date of this press release and
speak only as of the date of this press release and are advised to
consider the factors listed above together with the additional
factors under the heading "Forward-Looking Statements" and "Risk
Factors" in the Company's Annual Report on Form 10-K, as may be
supplemented or amended by the Company's Quarterly Reports on Form
10-Q and other SEC filings. We undertake no obligation to publicly
update or revise any forward-looking statement, whether as a result
of new information, future events or otherwise, except as required
by law.
Contact Information:
Media Contact:
Gabriella Velez
North 6th Agency
212.334.9753 ext. 137
cogint@n6a.com
Investor Relations Contact:
Cogint, Inc.
Aaron Solomon, 561-757-4054
SVP Finance and Administration
aaron.solomon@cogint.com
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SOURCE Cogint