Blockpass, a digital identity verification, has partnered with with video verification solutions provider Fully-Verified.
As part of its investment, Blockpass will gain exclusive access to the solutions provided by Fully-Verified.
The company offers shared regulatory compliance services for humans, companies, objects and devices. As an identity system that supports verification of humans (KYC), objects (KYO) and connected devices (KYD), Blockpass said it will enable the development of new applications that rely on a trusted connection between multiple entities.
Based in Tallinn, Estonia, Fully-Verified provides banking-grade identity verifications on live video, backed by human verification specialists, automated document scanning, and face recognition. It claims its service solves your KYC compliance issues, eliminates fraud, and speeds up customer onboarding.
“We are extremely happy to be part of the Blockpass ecosystem. Connecting our identity verifications with a blockchain based solution for storing identity details, allows for an extra level of comfort and security for the end users,” said Lucas Kwiatkowski, CEO of Fully-Verified.
Through the use of blockchain technology and smart contracts, Blockpass offers shared regulatory and compliance services for humans, businesses, objects and devices.
The goal of Blockpass IDN is global realization of identity for the Internet of Everything. 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.
“Integrating the Fully-Verified video verification solution into the Blockpass application means that as a business, we are taking the quality of our product offering to the next level. Video verification is the future of digital identity creation, and it is with great pride we bring the Fully-Verified team and product into our ecosystem,” said Adam Vaziri, CEO of Blockpass.
Earlier this year, Holdex partnered with Blockpass to offer streamlined Know Your Customer (KYC) and Anti-Money-Laundering (AML) identity verification solutions to its clients. The company, which enables ICO campaign setup without having to code a single line or maintain the infrastructure, said it partnered with Blockpass to bolster compliance for the ICO and crypto funding process.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
