Crypto payments gateway solution Transak has teamed up with Privado ID to launch a new “Reusable KYC” service aimed at improving the decentralized identity verification process. This collaboration introduces a novel method that promises to maintain user privacy without compromising on regulatory standards.
Transak and Privado ID Team Up to Simplify KYC
According to the two teams, the partnership between Transak, a crypto payments gateway, and Privado ID, a specialist in privacy-centric identity management, marks a significant step towards streamlined identity checks. Their Reusable KYC initiative allows users to undergo the KYC process once and subsequently reuse the verified credentials across multiple platforms. This approach seeks to eliminate redundant KYC submissions, thereby saving time and reducing operational costs for businesses within the blockchain ecosystem.
Transak and Privado ID’s decentralized identity verification claims to provide an innovative approach to digital security. Utilizing advanced technologies such as zero-knowledge proofs, this partnership not only aims to improve user convenience but hopes to set a new benchmark for privacy and security within the Web3 ecosystem. A noteworthy feature of Transak’s and Privado’s collaboration is the introduction of Transak’s “Proof of Uniqueness.” This innovative method ensures that each user is uniquely verified.
“This collaboration embodies the principles of decentralization by allowing users to control their own identity data,” Yeshu Agarwal, the CTO of Transak told Bitcoin.com News. “Over the years, we have built a KYC infrastructure unlike any other in the industry, and got a powerful distribution. Now, with this collaboration with Privado ID’s advanced framework, we are providing a scalable and secure solution that addresses the critical need for reliable identity verification in Web3,” Agarwal added.
Transak stated that traditionally, projects have found it difficult to distinguish between wallet holders, often encountering issues with reward distribution, such as airdrop farming where individuals exploit multiple wallets to gain unfair benefits. By employing Proof of Uniqueness, projects can accurately target humans rather than just wallets for their airdrop campaigns. The partnership aims to open new opportunities for decentralized applications, forthcoming decentralized finance protocols, and innovative blockchain scaling solutions.
What do you think about the duo’s collaboration to simplify KYC? Share your thoughts and opinions about this subject in the comments section below.
where can i buy generic clomiphene tablets can you get generic clomid for sale how can i get generic clomiphene price can i buy cheap clomiphene no prescription can i buy clomiphene no prescription where to get cheap clomid without prescription can you buy generic clomid without a prescription
More peace pieces like this would urge the интернет better.
I couldn’t resist commenting. Profoundly written!
buy azithromycin no prescription – metronidazole where to buy metronidazole ca
order rybelsus 14mg pill – semaglutide 14 mg sale buy periactin 4mg
order motilium generic – generic flexeril order cyclobenzaprine 15mg generic
amoxicillin tablet – purchase amoxil sale order ipratropium 100mcg generic
zithromax cheap – brand bystolic buy bystolic without a prescription
augmentin 1000mg pill – https://atbioinfo.com/ how to get acillin without a prescription
order nexium 40mg pills – https://anexamate.com/ nexium us
warfarin 2mg pill – blood thinner buy hyzaar
mobic 7.5mg cheap – https://moboxsin.com/ buy generic meloxicam over the counter
prednisone without prescription – corticosteroid prednisone 20mg oral
best male ed pills – site buy ed pills sale
buy amoxicillin tablets – https://combamoxi.com/ purchase amoxil pills
order forcan online – https://gpdifluca.com/ order diflucan 100mg pills
how to buy cenforce – https://cenforcers.com/ buy generic cenforce
erectile dysfunction tadalafil – https://ciltadgn.com/# buying cialis generic
prescription free cialis – strong tadafl cialis price south africa
ranitidine 150mg sale – https://aranitidine.com/# buy ranitidine sale
buy viagra generic online – this buy viagra hua hin
This website absolutely has all of the information and facts I needed to this thesis and didn’t comprehend who to ask. https://gnolvade.com/es/amoxicilina-online/
More delight pieces like this would make the web better. https://buyfastonl.com/gabapentin.html
This website really has all of the tidings and facts I needed about this thesis and didn’t comprehend who to ask. ursxdol
Thanks on putting this up. It’s okay done. https://prohnrg.com/product/acyclovir-pills/
With thanks. Loads of expertise! propecia en ligne
More posts like this would make the online play more useful. https://ondactone.com/spironolactone/
This is the description of glad I take advantage of reading.
celecoxib online buy
More posts like this would make the blogosphere more useful. http://www.predictive-datascience.com/forum/member.php?action=profile&uid=44797
order forxiga 10 mg sale – https://janozin.com/# order dapagliflozin 10 mg sale
orlistat online – janozin.com buy cheap xenical