Cogint, Inc. (NASDAQ: COGT) shares rose Thursday on striking a deal Wednesday. Cogint and Dragonchain reported a strategic alliance to combine analytics and intelligence with blockchain technology.
The Boca Raton, Florida-based Cogint, a leading provider of information and performance marketing solutions, today announced the formation of a strategic alliance with Seattle-based Dragonchain, Inc. cogint and Dragonchain are collaborating on the implementation of cogint solutions, including asset tracking, identity verification, fraud prevention, and transaction security with the Dragonchain blockchain platform.
A release out Thursday morning says the goal of the collaboration is to integrate mission-critical business applications with the secure, serverless, scalable Dragonchain blockchain platform to empower businesses of all kinds to adopt the Dragonchain blockchain platform for their daily business functions.
Says Cogint CEO Derek Dubner, "We are excited to form an alliance with Joe, Eileen and the Dragonchain team We are intrigued by Dragonchain's application across disparate enterprises to drive secure transactions.
“We believe that combining cogint's differentiated abilities to deliver asset tracking, identity verification, fraud prevention, and secure transactions with the Dragonchain blockchain platform will accelerate adoption of the platform by enterprises, as well as instill confidence in counterparties and the investing public in not only Dragonchain but the emerging blockchain and cryptocurrency industries."
The release goes on to say Dragonchain simplifies the integration of real business applications on a blockchain and provides features such as easy integration, protection of business data and operations, currency agnosticism, and multi-currency support.
Cogint shares vaulted 65 cents, or 13.7%, to $5.40 in midday Thursday trading.
