DMG Granted Crypto Patent based on Machine Learning for Walletscore AML Technology

VANCOUVER, British Columbia, July 06, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSXV:DMGI.VN) (OTCQBUS:DMGGF) (FRANKFURT:6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces the issuance of a patent by the US Patent and Trademark Office (USPTO) for U.S Patent No. S2020/0167791A1. This patent is for a novel method for detecting and tracking tainted cryptographic wallets in order to screen out nefarious actors. Generally, this technology can be applied to blockchains to support law enforcement’s efforts to combat money laundering, terrorism and fraud. This patent describes methods for the underlying technology of Blockseer’s Walletscore product, which is the basis for DMG’s clean-block mining and can be used in mining pools.