Blockpass IDN, Blockchain Advisory Team Up For Compliant Ecosystem

Announcements, Blockchain | February 2, 2019 By:

Maltese-based Blockchain Advisory (BCA) has announced a strategic alliance and collaboration with Blockpass IDN. The collaboration will focus on the creation of a reg-tech focused compliant ecosystem within blockchain.

BCA is a team of regulatory and technology specialists that introduced blockchain technology and cryptocurrencies to Malta back in 2013, and are assisting numerous blockchain-based and cryptocurrency-related projects, such as token generation events, crypto funds, and cryptocurrency exchanges. They are also providing advice and feedback to the regulatory authorities regarding the implementation and execution of the DLT Regulatory Framework.

Blockpass is digital identity application and service. Blockpass provides a streamlined and cost-effective user on-boarding process for regulated industries and any kind of online service. From the Blockpass application, users can create, store, and manage, data-secure digital identity that can be used for an entire ecosystem of services or token purchases.

“Customer due diligence procedures and general AML processes have become more important than ever in the novel industry of blockchain and other distributed ledger technologies,” said Blockchain Advisory CEO Jonathan Galea. “The strategic partnership with Blockpass gives our clients access to and the cutting-edge technology provided by Blockpass coupled with peace of mind regarding security and compliance with the latest regulatory requirements.”

“What’s definitely evident is that regulatory bodies are interested in blockchain based DApps and businesses, and that’s what make this strategic alliance with BCA so powerful,” said Adam Vaziri, CEO of Blockpass. “By combining our solution with their expertise, we are creating a think tank that will make a compliant reg-tech ecosystem accessible to all players within the space.”

Blockpass has announced a number of key collaborations recently, most notably with Edinburgh Napier University for the creation of the pioneering new blockchain research laboratory, the Blockpass Identity Lab. With five fully funded Studentships and led by Professor Bill Buchanan, the Blockpass Identity Lab will focus on the creation of world-leading knowledge and innovation around citizen-focused systems which enshrine the right to privacy.