They are building a blockchain company as we all know - pay to go back and read previous announcements and spend some valuable time on it if your an investor - in terms of revenue - this will come via their Bron wallet and when they go to public exchange value will be created - their website shows how far they have come and leading company in this space in Australia !!!
Brontech has Tier 1 clients in banking, insurance and financial services sectors • Unique identity verification, big data market and KYC verified client database
OOKAMI TO ACQUIRE STRATEGIC STAKE IN BLOCKCHAIN COMPANY ‘BRONTECH’ Highlights
• Ookami has agreed to acquire strategic equity position in blockchain company ‘Brontech Pty Ltd’
• Brontech has Tier 1 clients in banking, insurance and financial services sectors • Unique identity verification, big data market and KYC verified client database
• Leading blockchain technologist Ms Emma Poposka to join the Board of Ookami Ookami Limited (ASX: OOK) (OOK or the Company) is pleased to announce that it has entered into an agreement to acquire a strategic equity position in award-winning blockchain company
Ookami’s business model is to develop an ecosystem of advanced technology solutions encompassing ‘smart contracts’ and blockchain technologies, secure identity management and verification (‘Know Your Client’) (KYC) and anti-money laundering (AML) applications, data analytics, cryptocurrency solutions and security and encryption applications. These should be both complementary to the Company’s Akela Platform, whilst also allowing for mass adoption by third parties within the ecosystem.
The Company has identified the Brontech technology as having key strategic synergies. Brontech Brontech has developed a ubiquitous data marketplace and digital identity platform that collects data directly from its users.
Brontech’s data marketplace, built on blockchain ‘lossless’ technology, disrupts the traditional data brokerage models such as those offered by Equifax, Experian and Acxiom by empowering people to capture the monetary value of their personal information. Unlike centralised data driven models where third parties (e.g. Google and Facebook) hold contextual data on their users without the intention for its cross domain utilisation,
Brontech enables its data wallet holders to use this information across contexts and to actively participate in the future of the data driven economy.
Most importantly, the company is empowering users to have a higher level of control over how their personal data (anonymised or including Personally Identifiable Information-PIIs) is shared with third parties.
Brontech’s data exchange platform can incorporate Facebook, Twitter, LinkedIn and Google+ identity data feeds with up to 10,000 unique data points per customer. The company is actively working to incorporate additional data sources such as bank feeds, shopping accounts, governmental sources etc.
This unparalleled clustering of data creates the basis for the development of future business models that will unleash a new wave of technologies driven by big data, machine learning & artificial intelligence (ML/AI) and smart personalisation.
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