Blockpass and Beam Collaborate on Research to Provide User-Centric Solutions that put Privacy First
This partnership is intended to bring the two companies together to work on their mutual goals of providing user-centric solutions that put privacy first. Blockpass and Beam will collaborate on researching the ways of integrating Blockpass’ KYC solutions into the future versions of Beam wallet for business users, eventually allowing business users to opt-in for this feature if they choose so, thus making a step towards opt-in compliance.
Headquartered in Hong Kong, Blockpass is a leading RegTech and Compliance business which provides digital identity verification as a service. Through its vast network of partners, Blockpass is creating an ecosystem of pre-verified customers for easy and seamless customer onboarding for any regulated business and industry. Blockpass aims to provide a solution which puts the user back in control of their data and is working with the Blockpass Identity Lab in Edinburgh Napier University to develop technology such as zero-knowledge proofs and homomorphic encryption that could eventually see the need for users to show their personal details eliminated.
Beam is a blockchain and cryptocurrency developed using the Mimblewimble protocol to create a scalable and flexible solution which puts privacy first – with no information about transaction participants being stored on-chain. The platform’s “Scriptless Script” technology enables a range of transaction types to take place, including escrow and atomic swapping. Beam’s vision is building a cryptocurrency that combines complete confidentiality with opt-in compliance, allowing both business and personal uses of the currency without compromising the privacy in any way.
“When we were creating Blockpass we knew that the privacy-centric goal of cryptocurrencies and blockchain – putting control back in the hands of the user – was the future. At the same time, we realized the importance of regulatory compliance. This is what drove the development of a user-centric, user-controlled Blockpass identity we believe will underpin every aspect of interaction with the blockchain ecosystem,” said Adam Vaziri, CEO of Blockpass. “As a company whose ideals match our own so closely, we are excited to work with Beam to enable a safe, secure and confidential space for users to transact and interact, and to develop new and innovative use cases for this collaboration.”
Alexander Zaidelson, CEO of Beam: “At Beam, we want to give users full sovereignty over their funds and over their information. That means that users should be able to decide for themselves whether they stay completely confidential or disclose their information to designated 3rd parties. Wallet KYC may be a desirable feature for business users, and we are glad to partner with Blockpass on this.”
Blockpass continues to work on expanding its uses and features, with multiple partnerships announced this year, including Waves, Tokenomica, the BBFTA and Ethfinex. There have been a number of updates to the app, with the most significant seeing the release of Face Match Certification. The partnership between Blockpass and Edinburgh Napier recently saw its six month anniversary and the work being carried out at the Blockpass Identity Lab will see improved privacy for the user as solutions are developed. The Blockpass App is available to download from the App Store and Google Play.
About Blockpass IDN
The goal of Blockpass IDN (http://bit.ly/2xLkqTk) 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.
Beam is a scalable confidential cryptocurrency using Mimblewimble as a basis for its decentralized and permissionless blockchain. Beam has capped emission with periodic halvings and uses proof-of-work mining for securing the network.
Without any address information stored on the blockchain and keeping transactions private by default, Beam is meant to provide users with control over privacy in its compact design. Beam’s long-term vision is to create a currency that combines full confidentiality with opt-in compliance, letting both businesses and individuals use it without compromising their privacy.
via Quotidien Finance, Corporate Finance, Crypto Finance, ICO, STO, Blockchain Daily News https://www.finyear.com/
link : https://www.finyear.com/Blockpass-and-Beam-Collaborate-on-Research-to-Provide-User-Centric-Solutions-that-put-Privacy-First_a41173.html
June 13, 2019 at 07:54AM