One of the more useful applications of blockchain technology is its potential ability to help realize decentralized identity authenticators. This application would be a huge benefit to many businesses, especially those in in the financial sector that are subject to burdensome and expensive KYC and anti-money laundering laws.
In what can be called a major milestone for VeriME – a Singaporean FinTech offering Blockchain based digital identity verification platform, has partnered with Maritime Bank – one of the largest Banks in Vietnam.
Mastercard has joined the world’s fintech movement, filing a patent for a blockchain technology system. The US Patent and Trademark Office (USPTO) released an application stating this fact on April 12. Blockchain is seen as a key factor for safeguarding customers’ personal data.
THEKEY’s Identity Verification (IDV) technology in the survival certification part of the pension claim has allowed the Forest Industry Administration of Heilongjiang Province (shortened to the Administration) to be much more efficient and accurate in releasing annual retirement pensions.
German automobile company BMW plans to install the world’s leading financial technology for digital assets, Blockchain, into its business. It is now cooperating with English start-up Circulor, whose CEO informed that the main purpose of this teamwork is to confirm that batteries for electric vehicles, produced by BMW, will contain only clean cobalt.
Safein, the digital identity and payment wallet, continues to set the pace for the legitimization of modern payment service providers in becoming the first to secure the Electronic Money Institution (EMI) license issue in the European Union. The license, which includes both cryptocurrency and traditional fiat payments, is only obtainable by companies that pass some of the most stringent business due diligence around, proving the viability of and trust in the Safein project.
Velix ID, a blockchain-based ID security company, is to solve the problems of global identity verification crisis by developing its new ID verification platform. The token sale begins on January 27 and will last until February 26.