QTUM and Blockpass Partnership Brings On-Chain KYC to Ecosystem
HONG KONG, Feb 16, 2021 - (ACN Newswire) - Blockpass, the pioneer of On-chain KYC(TM), is excited to announce the latest in a number of new partners for 2021: QTUM. Through this new partnership, QTUM and Blockpass will be working together to offer revolutionary On-chain KYC solutions to the QTUM ecosystem. In the spirit of blockchain technology, both Blockpass and QTUM will work in the most transparent way to support the space; this will include QTUM offering subsidies to specific members of the ecosystem looking to achieve regulatory compliance with On-chain KYC(TM) solutions.
Qtum is an open sourced, public blockchain platform, leveraging the security of unspent transaction outputs and combining that with EVM smart contracts. Qtum is secured by a Proof of Stake consensus algorithm and boasts a Decentralized Governance Protocol (DGP), allowing specific blockchain settings to be modified by making use of smart contracts, leading to potential options such as increasing the block size of Qtum without the need of a hard fork or innumerable other possibilities.
Blockpass is a digital identity verification provider which provides a one-click compliance gateway to financial services and other regulated industries. Through Blockpass, users can create, store, and manage a data-secure digital identity that can be used for an entire ecosystem of services, token purchases and access to regulated industries. For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users.
"We've known and been fans of the QTUM team and network for a long time and it's great to have the opportunity to work closely with them." said Blockpass CEO Adam Vaziri. "The QTUM network is innovative and we're excited to be able to bring the benefits and possibilities of On-chain KYC to developers and users alike. Bringing fast, simple and efficient regulatory compliance to QTUM creates more opportunities for everyone and spreads the phenomenon of On-chain KYC to an even wider audience."
"On-chain KYC will become a critical component to numerous protocols on the decentralized web. Rather than hinder innovators who are seeking to stay compliant while enabling new technologies, the Qtum Foundation would like to support those builders by backing Blockpass' expansion to the Qtum blockchain. Blockpass' solution has exceeded our expectations when it came to cost, which is an order of magnitude cheaper than traditional services, and its ability to only allow non-sensitive pieces of information to touch the blockchain," said Jordan Earls, co-founder of Qtum.
Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with, and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass' On-chain KYC(TM) solution which promises to change the way blockchains enable compliance.
With a current 90%+ discount on its services, a fact made possible due to the unique reusable nature of its verification method, and put in place to help as many people as possible access KYC in the current pandemic, there has never been a better time to explore the potential of Blockpass. The Blockpass App is available from the App Store and Google Play.
Blockpass, the pioneer of On-chain KYC(TM), is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, Defi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass' KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network - a decentralized oracle solution - in early January, Blockpass introduced the first On-chain KYC(TM) solution that will service many blockchains in the years to come.
For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Qtum is an open-sourced public blockchain platform, leveraging the security of UTXO while enabling multiple virtual machines including EVM and soon, Neutron. Qtum is PoS based and boasts a Decentralized Governance Protocol (DGP) allowing specific blockchain settings to be modified by making use of smart contracts. For instance, the block size of Qtum can be increased without the need of a hard fork. For more information, please visit: www.qtum.org
Source: Blockpass IDN
Sectors: CryptoCurrency, Blockchain
Copyright ©2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Press Release
More Latest Release >>
Honda Exhibits the World Premiere of All-new BF150, BF135 and BF115 Large-size Marine Outboard Engines at the Genoa International Boat Show 2021
Sep 16, 2021 19:08 JST
Applus+ IDIADA and MHI Group to Develop Testing and Verification System for Highly Automated Vehicles
Sep 16, 2021 14:52 JST
Honda: Takahisa Fujinami to End 26-Year Trial World Championship Career
Sep 15, 2021 19:30 JST
NEC Utilizes Digital Technologies to Create Healthcare and Life Science Business
Sep 15, 2021 09:59 JST
Eisai to Join The Global Environmental Initiative "RE100"
Sep 14, 2021 17:46 JST
Telefonica and NEC to Build Open RAN Live Pilots in 4 Global Markets as a Key Milestone Toward Mass Deployment
Sep 14, 2021 17:03 JST
Toyota to Launch All-New Corolla Cross
Sep 14, 2021 14:05 JST
Eisai to Present Abstracts on Oncology Products and Pipeline at ESMO Virtual Congress 2021
Sep 14, 2021 12:36 JST
Lucid and Cross Marketing Co. Ltd. partner on 'Global QiQUMO'
Sep 14, 2021 09:00 JST
Showa Denko Concludes Long-Term Contract to Supply SiC Epitaxial Wafers for ROHM Co., Ltd.
Sep 13, 2021 17:00 JST
AbbVie, Eisai, and EA Pharma Launch "Humira Support Tool Ordering Service for Patients"
Sep 13, 2021 16:37 JST
Epic Triumph for Rovanpera and the Toyota Yaris WRC in Greece
Sep 13, 2021 14:34 JST
Mitsubishi Heavy Industries and Osaka Gas Acquire Clean Energy Solution, Brighter Future Solar Project
Sep 13, 2021 13:04 JST
Hitachi Sets New Target to Contribute to a Net Zero Society
Sep 13, 2021 11:41 JST
Tech Leaders from The Philippines to Draw Insights From Use-Cases and Informative Keynotes at Trescon's World AI & RPA Show
Sep 11, 2021 09:00 JST
MHI Thermal Systems' Air Conditioners for the Australian Market Receive Highest Ratings Once Again
Sep 10, 2021 13:02 JST
Chevron Agrees on Framework to Join Hydrogen Joint Venture with Magnum Development and Mitsubishi Power
Sep 10, 2021 11:15 JST
Hitachi Elevator Philippines Receives 67 Elevators and Escalators Order for Its First Railway System Project
Sep 09, 2021 13:57 JST
Mitsubishi Corporation and Shell Sign MoU to Collaborate on Hydrogen Plans in Alberta
Sep 09, 2021 12:36 JST
All-New Outlander Earns Highest Safety Rating from IIHS in the US
Sep 09, 2021 11:09 JST