Blockpass, the pioneer of On-chain KYC, has partnered with open-source blockchain platform Qtum. Both companies will work together to offer on-chain verification solutions within the Qtum ecosystem. As part of the agreement, Qtum will offer subsidies to specific members seeking to achieve regulatory compliance via Blockpass’s On-chain KYC solutions.
“We’ve known and been fans of the Qtum team and network for a long time, and it’s great to have the opportunity to work closely with them,” said Blockpass CEO Adam Vaziri.
The Qtum network is innovative, and we’re excited to be able to bring the benefits and possibilities of On-chain KYC to developers and users alike. Facilitating fast, simple, and efficient regulatory compliance on Qtum creates more opportunities for everyone and spreads the phenomenon of On-chain KYC to an even wider audience.”
“On-chain KYC will become a critical component for numerous protocols on the decentralized web,” added Qtum co-founder Jordan Earls. “Rather than hinder innovators who are seeking to stay compliant while enabling new technologies, the Qtum Foundation would like to support those builders by backing Blockpass’ expansion to the Qtum blockchain.”
“Blockpass’ solution has exceeded our expectations when it comes to cost, which is an order of magnitude cheaper than traditional services, and its ability to only allow non-sensitive pieces of information to touch the blockchain.”