Quotidien Finance, Corporate Finance, Crypto Finance, ICO, STO, Blockchain Daily News


              



Blockpass and Beam Collaborate on Research to Provide User-Centric Solutions that put Privacy First


Blockpass, the digital identity verification platform, has announced a planned collaboration with Beam, a scalable, confidential blockchain and cryptocurrency based on the Mimblewimble protocol.



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://www.blockpass.org/) 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.
blockpass.org

About Beam
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.

Finyear & Chaineum

Lisez gratuitement le quotidien Finyear & sa newsletter quotidienne.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.

Read for free The daily newspaper Finyear & its daily newsletter.
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in digital finance, corporate finance & crypto finance.

----------------

Chaineum - Conseil haut de bilan & stratégie blockchain
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICOs et STOs, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
Besançon - Paris + réseau international de partenaires.

About Chaineum
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICOs and STOs, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum Segment, Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.
https://www.chaineum.com

No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.


Thursday, June 13th 2019
Rate it


New comment:
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles

Free Daily Newsletter / Newsletter quotidienne gratuite


Cryptocurrencies



Finyear - Daily News