Blockpass provides identity verification for Radom Network’s KYC and KYB processes

HONG KONG, Dec 3, 2021 – (ACN Newswire) – Blockpass is pleased to unveil the remote configuration platform, Radom Network, as the latest partner to sign up for ID and KYC services. Blockpass will provide essential identity verification services to Radom as the company strives to enable users to manage, view and configure Internet of Things assets – the ever-expanding network of smart devices connected in the world.

Radom Network is a decentralized network for the coordination of cloud applications and connected assets. The remote configuration platform is built on existing public blockchain technology and facilitates the routing of payments, rental and exchange of public keys to enable point-to-point encryption for devices and message brokers. Radom Network provides a fully managed solution that allows service discovery and security metadata to be sent directly to the blockchain for cloud servers and connected assets. It facilitates the ability to create unique encrypted tunnels between devices, allowing devices to receive payments in new ways, and provides the ability to rent devices either physically or through the ability to receive data from them.

Blockpass is a digital identity verification provider that provides a one-click compliance gateway to financial services and other regulated industries. With Blockpass, users can create, store, and manage a 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 complete KYC and AML SaaS that requires no integration and no setup costs. You can set up a service in minutes, test the service for free, and start verifying and onboarding users. With over 160,000 verified user identity profiles currently, Blockpass facilitates instant onboarding, and to date nearly 5,000 services have taken the opportunity to access users with reusable digital identity profiles.

“We are delighted to be working with the visionary team at Radom Network,” said Adam Vaziri, CEO of Blockpass. “The Internet of Things has the potential to transform the way we live in so many different ways, but it encompasses so many elements that require both their own provable identities and methods to manage them. We aim to deliver the identity solutions Radom needs as Radom provides the infrastructure to manage, monitor and monetize the space. “

“Very happy to work with Blockpass, their enterprise solution has allowed us to streamline both our KYC and KYB processes. By removing a lot of worry about regulatory requirements for our current funding cycle, ”said Chris Wilson, CEO of Radom Network. “Blockpass as a business has done a lot for the blockchain community at large, especially here in Edinburgh through the Blockpass Identity Lab with Radom Network’s academic advisor, Professor Bill Buchanan, OBE.”

Blockpass has grown significantly in size and use since its inception, both in terms of 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 comply with regulations and recent integrations has led to renewed interest in Blockpass’s KYC (TM) on-chain solution that promises to change the way blockchains enable compliance. Through its recent work with Animoca Brands, Blockpass is developing the ability to provide a KYC where delivery of the verification result is provably sent and displayed on a blockchain without sharing the underlying data. This represents an important step into the future that Blockpass hopes to bring where identity verification can be proven without revealing any personal information.

About Blockpass

Blockpass, the pioneer of On-chain KYC (TM), is a fast and comprehensive software as a KYC and AML filtering 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 costs, no integration required, free testing, immediate launch, and at the lowest cost. Blockpass’s KYC Connect (TM) platform allows businesses to select customer onboarding requirements which may include identity authentication, face matching, address verification, continuous monitoring of AML and / or filtering of sanctions lists, Politically Exposed Persons (PEP) and adverse media. . With Blockpass, end users easily create a verified portable identity that they can control and reuse to instantly integrate any service. By integrating with Chainlink Network – a decentralized Oracle solution – in early January, Blockpass introduced the first KYC (TM) on-chain solution that will serve many blockchains for years to come. The Blockpass app is available on the App Store and Google Play.

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About the Radom network

Radom Network is a decentralized service discovery and security solution for network management, remote IoT device configuration, and cloud server identity management. Radom is the first remote configuration platform based on existing public blockchain technology, facilitating payment routing, rental and public key exchange. Their network provides devices and servers running in the cloud with the ability to find each other and communicate with point-to-point encryption. This is especially important because Radom not only provides a secure way to manage who can talk to your devices, but also helps configure how they talk to them.

The centerpiece of Radom Network is its BaaS (Blockchain + Software as a Service) platform which enables DevOps engineers and network specialists to create configurations and permission sets for their networks, and provide the metadata for their networks. connected assets they contain. Ultimately, Radom enables devices, message brokers and cloud servers to receive payments and lease network access in an open and responsible manner, benefiting the public’s concerns about privacy. Radom Network makes it easy to create unique encrypted tunnels between devices, allowing devices to receive payments in new ways and providing the ability to rent devices either physically or through the ability to receive data from them.

Source: IDN Blockpass

Copyright 2021 ACN Newswire. All rights reserved.

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