Hong Kong registered identity management provider Blockpass IDN has secured a contract to provide identity verification functionality for security token consultancy service provider GoSecurity.
GoSecurity, a white-label technical platform for the tokenization of securities, will use Blockpass as a know-your-customer and identity verification procedure while onboarding new customers.
Blockpass is designed to act as a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service.
The Blockpass application allows users to create, store, and manage a data-secure digital identity that can be used across an ecosystem of services or token purchases.
“Security Tokens are at the forefront of discussion in the cryptocurrency and blockchain community at the moment, and it's fantastic to be able to partner with an organization that has the same passion for seamless compliance that we do,” Blockpass CEO Adam Vaziri said.
“By integrating Blockpass' KYC Connect Solution into the GoSecurity Security Token Platform, we are able to be at the cutting edge of everything this technology has to offer."
Blockpass has also recently announced a collaboration with Edinburgh Napier University to establish a blockhain research laboratory. The Blockpass Identity Lab will be focused on the creation of knowledge and innovation around blockchain based privacy systems.