Radom Network is pleased to announce the KYC/KYB platform, Blockpass, as its latest partner. Blockpass will facilitate KYC/KYB services for Radom Network's future onboarding of IoT companies that wish to manage their digital assets through the Radom Platform ensuring regulatory compliance.
Blockpass is a digital identity verification provider which 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 businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost. You can set up a service in minutes, test the service for free and start verifying and on-boarding users. Currently with more than 160,000 verified user identity profiles, Blockpass facilitates instant onboarding, and to date almost 5000 services have taken advantage of this opportunity to get access to users with reusable digital identity profiles.
"We’re excited to be working with the visionary team at Radom Network.” said Adam Vaziri, Blockpass CEO. “The Internet of Things has the potential to transform the way we live in many different ways but it encompasses so many elements that require both their own, provable, identities and methods to manage them. We aim to bring the identity solutions Radom needs as Radom provides the infrastructure to manage, monitor and monetize the space.”
“Very glad to be working with Blockpass, their enterprise solution has allowed us to streamline both our KYC and KYB process. Removing a lot of the worry around regulatory requirements for our ongoing funding round.” said Chris Wilson, Radom Network CEO. “Blockpass as a company has done a lot for the wider blockchain community, especially here in Edinburgh through the Blockpass Identity Lab with Radom Network’s academic advisor Prof. Bill Buchanan, OBE”.
Blockpass has grown significantly in size and use since its inception, both in the number and range of users and organizations it has partnered with and the scope of its work. Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience. The existential need for DeFi projects to be regulatory compliant and the recent integrations have led to a surge in interest for Blockpass’ On-chain KYCTM solution which promises to change the way blockchains enable compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide KYC where the delivery of the verification result is provably sent and shown 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 proved without revealing any personal information at all.
Blockpass, the pioneer of On-chain KYC, is a fast, fully comprehensive KYC & AML screening software-as-a-service for blockchains, Crypto, DeFi and other regulated industries. With Blockpass, you get an unmatched set of benefits for any compliance service that includes pay-as-you-go, no setup cost, no integration necessary, free testing, immediate launch and at the lowest cost. Blockpass’ KYC ConnectTM platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media. Through Blockpass, end-users easily create a verified portable identity that they can control and re-use to onboard with any service instantly. By integrating with Chainlink Network – a decentralized oracle solution - in early January, Blockpass introduced the first On-chain KYCTM solution that will service many blockchains in the years to come. The Blockpass App is available from the App Store and Google Play.
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About Radom Network
Radom Network is building the world’s first blockchain-based payment gateway. With Radom Network, Web3 companies and DAOs can access critical services required to operate their business without ever having to off-ramp.
Underpinned by a decentralised protocol for service discovery and authentication, sellers can on-board through the Radom dApp (decentralised application), and sell access to their internet-connected assets, such as cloud servers, API servers, proof-of-work miners or databases with on-chain and on-demand payments in stablecoins.
Customers can connect their self-custody wallet and access services directly through the Radom Marketplace or through a seller’s webpage with the Radom Widget, an integrated payment checkout widget.
Through Radom, Web3 companies, DAOs and service providers can reduce time to market, monetise, and scale quicker than ever before.
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