DMG Secures New Patent To Further Strengthen its Intellectual Property for Regulatory Compliance

DMG Blockchain Solutions announces the issuance of US Patent No. 12,067,572 for Cryptographic Taint Tracking. This patent, issued by the US Patent and Trademark Office, is a continuation of the previously issued U.S. Patent No. 11,257,089. The original patent laid the foundation for a method to detect and track tainted cryptographic wallets, supporting efforts to combat money laundering and fraud.

This new patent builds on the innovative technology behind Blockseer’s wallet risk scoring method, which reinforces DMG’s clean-block mining initiative and its use in mining pools. The patented methods enable real-time identification and monitoring of wallets linked to nefarious activities, enhancing compliance and supporting law enforcement in their mission to safeguard blockchain networks.

Key Features of Cryptographic Taint Tracking (Patent 12,067,572):

• Tainted Wallet Detection: Identifies wallets linked to criminal or suspicious activities by measuring their propensity for illicit transactions.

• Enhanced Compliance: Prevents engagement with wallets tied to illegal activity, reducing the risk of funding crime or laundering proceeds.

• Real-Time Risk Flagging: Automatically flags risky withdrawal requests for further review before committing them to the blockchain.

• Wallet Quarantine: Allows exchanges to quarantine wallets exceeding a specified wallet risk score, halting transactions until reviewed.

DMG’s CEO, Sheldon Bennett commented, “By advancing a novel methodology to detect and prevent suspicious activity in real-time, we’re enhancing the trust and safety of the blockchain. This is a notable step forward to enable custody providers and exchanges to ensure regulatory compliance. As we look forward with our Systemic Trust custody subsidiary and Terra Pool as the key enabling elements of our carbon neutral Bitcoin ecosystem, compliance technology, such as what is being enabled by our patent, is core to ensuring that bad actors are prevented from tainting our ecosystem.”

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DMG

DMG’s mission is to lead the digital asset industry by meeting the most stringent compliance requirements while focused on environmental requirements.

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Systemic Trust, a custody solution for digital assets, ensures security with advanced technology, risk management, and transparency.

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Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.

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