Blockchain Platform Waves To Integrate Blockpass’ KYC Solution

Decentralized blockchain platform Waves will be integrating Blockpass‘ easy and transparent know your customer (KYC) solution for developers and users.

Founded in Switzerland in 2016, Waves is a decentralized blockchain platform focusing on custom blockchain tokens operations. The technology it offers allows clients to issue, store, manage, trade, and analyze digital assets with the Waves blockchain platform and decentralized exchange.

Blockpass is digital identity application and service that provides a streamlined and cost-effective user on-boarding process for regulated industries and any kind of online service. Its KYC solution, called KYC Connect, uses blockchain technology and smart contracts to solve tedious KYC and AML compliance procedures. It reduces sign up friction and increases conversions. It also enables users to get approved and whitelisted once for near immediate access to multiple merchants and service providers.

The partnership will allow Waves to bring KYC Connect to its platform, allowing users to users create, store and manage data-secure digital identity that can be used for the Waves entire ecosystem of services or token purchase.

“Waves team keeps developing our platform while focusing on the features and instruments requested by the community and required for the smooth and effective development of decentralized applications,” said Waves founder and CEO Sasha Ivanov. “As KYC, KYD and KYO are essential parts of decentralised solutions for the regulated industries that are required for any application aiming for mass adoption, we are now partnering with Blockpass and integrating its KYC Connect, one of the leading solutions to provide shared regulatory compliance services.”

According to Waves, a special PASS token will be airdropped to all Waves users once the technical integration of Blockpass KYC Connect with Waves has been completed. Users can then verify their identity by downloading the Blockpass mobile application, submitting the required documentation and receiving the relevant certificates. After verification, users can submit this information to the Waves PASS whitelisting service by scanning the QR code on the Waves website.

“This is a world-first partnership for Blockpass and implementing our KYC-forward token on a platform like Waves means that we can offer a much broader service within the realm of securitised asset trading,” said Blockpass CEO Adam Vaziri. “Waves is a pioneering platform for Web 3.0, and identity will without a doubt be the pillar that supports the growth of decentralisation.”