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globenewswire.com/news-release/2018/03/21/...O-Report-Q1.htmlKey partnerships
Blockchain technology enables the ‘Automation of Trust.’ This may disrupt many industries, as it has the potential for cost savings through greatly improved efficiencies as well as reducing the fraud and friction native to legacy trust-based industries. Bitcoin and other cryptocurrencies are simply the FIRST successful and widely adopted applications of blockchain technology. Our goal as a company is to use our blockchain expertise in partnership with our clients to develop enterprise platforms tailored to their particular use cases.
As announced on December 4, 2017, DMG and Element Fleet Management (TSX:EFN) are working towards the development of a leading-edge Artificial Intelligence and Blockchain solution for fleet-management that is expected to result in greater efficiencies and cost-savings for Element’s fleet customers and business partners. This platform will enable predictive analytics based on the extensive data that Element has gathered on their vehicles and drivers. In addition to having Element as a collaborative partner, Element also purchased approximately 9.9% of DMG.
On January. 23, 2018 DMG signed a new agreement with Mogo Finance Technology Inc. (TSX: MOGO), one of Canada's leading financial technology companies through the formation of its new subsidiary – Mogo Blockchain Technology Inc. Mogo Blockchain plans to begin bitcoin mining through an agreement with DMG bitcoin mining hosting (mining as a service or MaaS) and diversified blockchain platform development. The expansion into bitcoin mining follows Mogo's announcement of the launch of its MogoCrypto – a new product that will allow Canadians to easily buy and sell bitcoin through their MogoAccount and will bring a new level of convenience and transparency to bitcoin ownership.
As announced on January 26, 2018, CannaChain, which is a partnership between DMG and Emerald Health Therapeutics (TSX-V:EMH), one of Canada’s largest Licensed Producers for cannabis. Blockchain technology is ideally suited for the cannabis industry, as ensuring consumer safety, tracking provenance of product and regulatory/tax reporting are all key requirements. The supply chain management platform will enable irrefutable tracking of product from licensed producers to end patients and consumers nationwide. This platform can be customized for other governments and regions based on their requirements.
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