BIGG Digital Assets Inc., an innovator in the digital assets space and owner of Netcoins, Blockchain Intelligence Group and TerraZero is pleased to announce that it has initiated a strategy to source partners to integrate and apply Artificial Intelligence (AI) and Machine Learning (ML) training models “to leverage its proprietary data aggregated by BIG over the past 8 years relating to Bitcoin, Ethereum and 14 other blockchains.”
One of the advantages that BIGG Digital Assets has “is its ownership of both a leading blockchain analytic company, as well as a crypto exchange licensed in Canada and many US States.”
BIG claims it has acquired a large amount of blockchain data, “holding 28,922,996,280 unique blockchain data points across 16 blockchains, with more blockchains being implemented.”
AI technology has the potential to enhance data sets and attribution, allowing us “to extract a wider range of information more easily and obtain greater value from that data.”
AI harnesses the power of computers, data, and advanced algorithms “to emulate human cognitive functions, particularly in problem-solving and decision-making. With continued advancements in AI, BIG is seeking to expand its capabilities in its compliance suite of products and services.”
Dan Reitzik, Interim CEO of BIGG Digital Assets commented:
“BIGG is uniquely positioned in the market to use assets and expertise from one division to provide advantages and meaningful data to the other divisions. While we already use Data Science and Intelligent Algorithms in various parts of our products, this plan involves a significant milestone for the Company as AI and ML are becoming a major focus for the Company. Blockchain Intelligence Group has billions of data points from many years of blockchain analysis of 16 blockchains.”
As noted in the update:
“With recent advances in technology, it is now possible to apply AI to this data to create products and services that give competitive advantages to both law enforcement clients using QLUE, as well as potentially crypto trading clients on the Netcoins platform. This initiative is just one of the ways in which BIGG Digital Assets portfolio companies are working together to create competitive advantages for the Company’s products and services and we’re excited to unveil other new initiatives in the coming months. We will provide further updates as we progress this new initiative with AI and ML using BIG’s data.”
The market advantages are evident given AI’s capacity “to automate monotonous tasks, enhance decision-making accuracy, and elevate the customer experience. BIG currently uses intelligent agents to automate certain tasks, which would be further enhanced with ML and deep learning to leverage their classification, predictive, and quantitative abilities.”
BIG’s data will be used for Quantitative AI analysis which “aids in forecasting market trends, the optimization of trading strategies, the advancement of risk management, while laying the groundwork for potential fully automated AI driven trading.”
For this reason, they are looking at “a variety of potential solutions.”
Companies specializing in unique AI and ML learning models and algorithms that can deliver on their goals “are invited to contact the company to explore collaboration opportunities.”
For more details, click here.