Smartlands, a platform for tokenisation of real economy assets, has partnered with identity provider Civic Technologies.
The Smartlands platform is designed to create a new class of low-volatility future-proof security tokens, backed by assets and establish an appropriate infrastructure for Security token offerings in full compliance with legislation, protecting investors from major part of risks. Its mission is to provide a comprehensive and inclusive protocol to invest securely in profitable projects globally for investors of any level of wealth and origin.
Through the partnership, the platform will gain access to secure, trusted identity verification, including Know Your Customer (KYC). By implementing Civic’s identity verification solutions, the company said it will be able to insure customer data is private and secure while improving convenience and user-experience.
Smartlands has already completed the test integration of Civic’s KYC application with the Smartlands Wallet, which ensured technological compatibility of the platforms.
Headquartered in San Francisco Bay Area, California, Civic is a blockchain identity-verification technology company that allows consumers to authorise the use of their identities in real time. It lets users safely access websites and services using Civic Secure ID, satisfy KYC requirements with its resuable KYC, and protects the user before, during, and after an ID-theft incident.
Civic’s Secure Identity Platform (SIP) uses a verified identity for multi-factor authentication on web and mobile apps without the need for usernames or passwords.
The company’s Reusable KYC is a blockchain-based tool for organisations that require more than basic account verification services. Its global offering enables scanning and verification of documents, such as passports, driver’s licenses, utility bills, and Accredited Investor Checks using the Civic Mobile App. Last year, Civic sold $33m of its tokens during its token sale event in June 2017.
Just last week, Menlo One formed a partnership with Civic. The company, which provides an open-source framework for making decentralised applications on the blockchain, said it will use the RegTech for login and KYC services.
Blockchain collaboration platform Enkidu also recently partnered with Civic to develop an advanced KYC identity service that operates on the concept of a Limited Liability company. The new product, which is set to be launched by August, is in the developmental stages, however; interested parties can get an alpha prototype on the Enkidu website.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
