As part of the partnership, Blockpass will be integrated with Avalanche for KYC and AML verification, enabling the certification of ownership of digital wallets, suitable for Unhosted Wallets through Blockpass' new feature. The Unhosted Wallet KYC solution will enable blockchains and DeFi platforms to have a compliance layer. The partnership is a significant step towards the future that Blockpass hopes to bring about, where identity verification can be proved without revealing any personal information at all.
Avalanche is a high-performance, scalable, customizable, and secure blockchain platform that facilitates the creation and launching of scalable decentralized applications and complex digital assets with custom rules, covenants, and riders. The platform provides a low-cost and eco-friendly platform for the creation, transfer, and trade of digital assets. With Blockpass integration, Avalanche users will benefit from an additional layer of security and compliance, making it a reliable platform for creating, transferring, and trading digital assets.
Blockpass is a digital identity verification provider that offers a one-click compliance gateway to financial services and other regulated industries. The provider offers users a data-secure digital identity that can be used for an entire ecosystem of services, token purchases, and access to regulated industries.
Blockpass has over one million verified user identity profiles, and over a thousand businesses have taken advantage of the opportunity to get access to users. The partnership with Avalanche will enable Blockpass to expand its digital identity protocol, with updates and additions that will improve the compliance experience.
The partnership between Avalanche and Blockpass is an exciting development for the blockchain ecosystem. With the integration of Blockpass' KYC and AML verification and Avalanche's smart contracts platform, users can enjoy a more secure and compliant platform for creating, transferring, and trading digital assets.
The Unhosted Wallet KYC solution will enable blockchains and DeFi platforms to have a compliance layer, which is an important step towards ensuring regulatory compliance in the DeFi industry. With this partnership, both companies have demonstrated their commitment to the development of blockchains, decentralized apps, and smart assets.
