25 Apr 2018 Luchezar Simeonov
DMG Blockchain Solutions Welcomes Litecoin’s Creator to Its Advisory Board
Along with creating Litecoin, Mr. Lee was a member of BlockSeer’s advisory board. Earlier this year, the company, also known as Datient Inc., was acquired by DMG. BlockSeer is a Silicon Valley-based company that provides data analytics and artificial intelligence insight into the world of digital currencies and blockchains. Their mission is to increase the level of transparency of the Bitcoin ecosystem and other public blockchain networks.
Through the acquisition, DMG in alliance with Datient Inc. aims to provide own real-time risk compliance scoring and crypto forensics related to prevent money laundering. To accomplish that goal, BlockSeer’s CEO Danny Yang also joins the team of the Canadian company.
In an official press announcement, Dan Reitzik, CEO of DMG Blockchain Solutions, said that the company is excited to offer its users a long-anticipated service - LTC mining. He also stated that the company is fortunate to have such a crypto celebrity like Charlie Lee as an advisor while preparing to expand their services beyond Bitcoin. Furthermore, he praised the industry knowledge and personal attention of Litecoin’s inventor as an excellent asset for the development of the whole company, its’ services, and overall strategy.
Mr. Lee also expressed his delight about DMG’s interest in Litecoin. The managing director of the LTC Foundation said he is looking forward to work with both the mining and the engineering teams to expand its’ services and facilitate the adding of Litecoin mining.
Charlie Lee is one of the crypto world gurus. An MIT Computer Science graduate, he immediately joined Google as a software engineer following his graduation. In 2013, he left the internet giant and joined Coinbase, where he was promoted to Director of Engineering.
Four years later, he dedicated his full-time work to LTC and became the managing director of the Foundation. DMG’s team is excited to work with such a specialist in their bid for company growth and expansion of their mining public blockchains, including offering analytics and applying permissioned blockchain technology services.
Finally, the company shared its’ ultimate goal - to solve fraud and friction problems related to the movement of value through the supply chain. In the meantime, Litecoin mining feature will be a logical step to the growth of DMG. The company is about to announce the precise date of launching LTC support.