HONG KONG, July 15, 2022 – (ACN Newswire) – Blockpass, Safe Network for Crypto, announces partnership with BlockOn, the worldwide blockchain venture builder and company. As part of this move, Blockpass will provide information, updates and coverage of BlockOn’s events, and BlockOn has invited Blockpass to speak at its India Blockchain Week (IBW) event, which covers a wide range of topics from NFTs to governments to start-ups ) over its 7 days.
BlockOn incubates and accelerates projects that promote a better ecosystem for cryptocurrency and blockchain companies by leveraging the network, infrastructure, visibility and resources. BlockOn guides innovators in the development of their ideas and roadmaps, accelerates their development and customer acquisition efforts, connects and secures investments and partnerships, and gains visibility through online and personal community building. In addition, it also hosts blockchain events in the ASEAN region and beyond. Through its efforts, BlockOn is committed to revolutionizing the world and professionalizing the blockchain area.
Blockpass is a provider of digital identity verification that 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 companies and vendors, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup costs. You can set up a service in minutes, test the service for free and start verifying and aboard users. Currently with more than one million verified user identity profiles, Blockpass facilitates instant onboarding, and thousands of companies have taken advantage of this opportunity to access users with reusable digital identity profiles.
“Working with those who want to help others is always rewarding, so partnering with BlockOn is a real pleasure for us.” said Blockpass chief Adam Vaziri. “It’s been a couple of tough years for events thanks to COVID, but now things are starting to come back, we’re excited to be invited to such an important event as IBW to talk about Blockpass and the importance of regulatory compliance.”
BlockOn has been a pioneer in the crypto and blockchain field since 2017, when Bitcoin was not rejected. Basic KYC and AML standards were never discussed at crypto conferences. Blockpass has a SaaS solution that does not require integration and no setup costs to begin verifying “Government agencies in India would like to see Blockpass that can help regulators see advanced compliance standards in the crypto industry,” said Siddharth Pandya, Head of Partnerships at BlockOn.
Blockpass has grown significantly in size and use since the beginning, both in the number and reach of users and organizations it has collaborated with and the scope of the work. Blockpass continues to develop its digital identity protocol with updates and additions to enhance the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to an increase in interest in Blockpass’ On-chain KYC (TM) solution that promises to change the way blockchain enables compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide KYC where the delivery of the verification result is demonstrably sent and displayed on a blockchain without sharing the underlying data. This represents a significant step towards the future Blockpass hopes to bring about where identity verification can be proven without revealing any personal information at all.
Blockpass is “the secure network for crypto”, with millions of crypto enthusiasts pre-verified through KYC / AML in bank class and who can share their profile again with a single click. Existing and new Blockpass users are verified by the fastest, cheapest, fully stacked KYC / AML technology in the crypto sector and equipped with Blockpass’s unique product balance of user-centric data security and reusability of KYC profiles. Blockpass’s network is essentially a highly dynamic decentralized database of permissions of known users, with financial incentives for stakeholders and users to improve and continuously maintain data with users’ permissions. Other innovative features include crypto-ownership certificates for compliance with the FATF Travel Rule, an activity-driven reputation system, “clean crypto” whitelisting and blacklisting of crypto wallet addresses, as well as combating bots and false identities. In 2021, Blockpass introduced its On-chain KYC (TM) solution that enables customers to access zero-knowledge verification of users so they can access likely-completed verifications and meet standards without seeing underlying data. In 2022, Animoca Brands and Yuga Labs were the first to use On-chain KYC (TM), confirming over 150,000 users in the Otherside NFT sale of $ 320 million – the largest to date in the history of the crypto sector. The Blockpass app is available from the App Store and Google Play.
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About BlockOn Capital
BlockOn Capital is a worldwide blockchain venture builder / VC company offering acceleration and advisory support to global innovators in blockchain and emerging technology. BlockOn Capital helps innovators from start to finish, guides innovators in the development of their ideas and roadmaps, accelerates their development and customer acquisition efforts, connects them with secure investments and partnerships to help them gain visibility through online and personal community building work. In addition to their customer services, they are the premiere hosts for the most effective blockchain events in the ASEAN region and beyond. They are committed to revolutionizing and professionalizing the blockchain world.