Tokenomica Integrates Blockpass' KYC Connect for Identity Verification
HONG KONG, Apr 03, 2019 - (ACN Newswire) - The latest in a long line of partnerships, Blockpass has announced today that Tokenomica will be integrating Blockpass' unique KYC Connect solution to simplify and expedite the process of onboarding new customers. Tokenomica's Virtual Financial Asset (VFA) exchange and Security Token Issuance Platform require a robust and compliant KYC process, which Blockpass is providing with its identity verification service. Further developments and promotions of this partnership will be announced at a future date.
Incorporated in Malta, taking advantage of the jurisdiction's forward-thinking approach to cryptocurrencies and blockchain technology, Tokenomica operates a regulated and licensed crypto-exchange business, under the transitory period acknowledged by the regulators in Malta, which will become fully regulated and licensed in due course, providing both crypto-to-crypto and crypto-to-fiat options. Tokenomica, which is built on top of the Waves blockchain, carries out extensive checks on the VFAs it lists to ensure only the highest quality tokens are listed for trading. The company recently launched the Beta version of its Security Token Issuance Platform, which provides fully compliant solutions for Security Token Offerings and offers an automatic tool which can be used to design security tokens by following a simple step-by-step process.
Blockpass is a digital identity application and service which puts the user back in control of their personal data. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass Application, users can create, store, and manage, data-secure digital identity that can be used for an entire ecosystem of services or token purchase. Blockpass is supporting the development and use of STOs through its identity verification platform as well as by hosting a number of meet ups and events throughout the year that will focus on this topic - see the Blockpass website for more details.
"We are excited to announce this new partnership with Tokenomica," said Adam Vaziri, CEO of Blockpass. "Regulated and reliable exchanges are vital to realise the benefits that cryptocurrencies and blockchain bring, and STOs are increasingly becoming an integral part of these ecosystems as they revolutionise the way we conduct business. In working with other companies in the field of STOs, we are developing an important area in the blockchain and cryptocurrency space, and we look forward to working with Tokenomica to provide simple, secure and compliant access to both exchanges and STOs."
"Blockpass is a new word in compliance, and we are immensely pleased to use this technology in our product," said Artem Tolkachev, Tokenomica's Founder and CEO. "What makes Blockpass unique is that it provides added value to users. The use of traditional KYC providers is essentially a burden for them: it is necessary to provide the same documents over and over again every time they want to use a new service. The Blockpass technology allows them to create a single KYC ID which is then stored exclusively on the user's device and which they can use for all the services connected to the Blockpass. This is an ideal solution for ecosystem products such as Tokenomica."
Blockpass has continued to expand its uses and features in recent months, inaugurating the Blockpass Identity Lab in partnership with Edinburgh Napier University in September, while continuing to develop its digital identity protocol with continuous releases and updates. Blockpass most recently joined the Open Identity Exchange (OIX), and announced the integration of its KYC Connect solution with other services including ethecal, Legacy Trust and Ethfinex. The Blockpass App is available from the App Store and Google Play.
About Blockpass IDN
The goal of Blockpass IDN (http://www.blockpass.org/) is the global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.
For more information and updates, please visit and sign up to the following: Promotional video: https://youtu.be/SvO2cw3e-SI Website: http://www.blockpass.org Medium: https://medium.com/@blockpass Twitter: https://twitter.com/BlockpassOrg Facebook: https://www.facebook.com/blockpassorg/ Telegram: https://t.me/blockpass
Contact: Caitlin Betts, +852 9733 4935, press@blockpass.org
About Tokenomica
Tokenomica is the new wave in finance where you can create, buy, sell, and trade digital assets using the best elements of traditional financial markets and technology. For more information, visit www.tokenomica.com
Source: Blockpass IDN Sectors: Cards & Payments, CyberSecurity, Blockchain Technology
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
First-ever Mazda CX-80 Crossover SUV Unveiled in Europe Apr 19, 2024 13:50 JST
| Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces Apr 19, 2024 10:17 JST
| Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas Apr 18, 2024 17:01 JST
| Toyota Launches All-New Land Cruiser "250" Series in Japan Apr 18, 2024 13:39 JST
| Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan Apr 18, 2024 11:14 JST
| Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category) Apr 18, 2024 10:53 JST
| All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating Apr 18, 2024 09:22 JST
| Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan Apr 17, 2024 16:17 JST
| Honda Unveils Next-generation EV Series for China Apr 17, 2024 12:15 JST
| Lexus presents Time at the 2024 Milan Design Week Apr 16, 2024 18:49 JST
| Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA Apr 16, 2024 14:36 JST
| New circuit challenge for TOYOTA GAZOO Racing Apr 15, 2024 17:21 JST
| TOYOTA GAZOO Racing back on asphalt for Croatian challenge Apr 12, 2024 19:36 JST
| Heidelberg Materials North America Announces Latest Milestone in Edmonton CCUS Project Apr 12, 2024 14:39 JST
| MHIAEL Completes Expansion of the its Nagasaki Plant for Manufacture of Aero Engine Combustors Apr 11, 2024 18:08 JST
| Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS) Apr 11, 2024 17:50 JST
| DOCOMO, NTT, NEC and Fujitsu Develop Top-level Sub-terahertz 6G Device Capable of Ultra-high-speed 100 Gbps Transmission Apr 11, 2024 15:10 JST
| Mitsubishi Corporation Announces Completion of Capital Raise by Nexamp Apr 11, 2024 13:07 JST
| Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine Apr 10, 2024 16:55 JST
| Transgene and NEC Present First Clinical Benefits of Neoantigen Cancer Vaccine, TG4050, in Head & Neck Cancer at AACR 2024 Apr 10, 2024 13:36 JST
|
More Latest Release >>
|