..



.

ACN Business

Blockpass and Beam Collaborate on Research to Provide User-Centric Solutions that put Privacy First

  • Written by ACN Newswire
image
HONG KONG, June 11, 2019 - (ACN Newswire) - Blockpass, the digital identity verification platform, has announced a planned collaboration with Beam, a scalable, confidential blockchain and cryptocurrency based on the Mimblewimble protocol. This partnership is intended to bring the two companies together to work on their mutual goals of providing user-centric solutions that put privacy first. Blockpass and Beam will collaborate on researching the ways of integrating Blockpass' KYC solutions into the future versions of Beam wallet for business users, eventually allowing business users to opt-in for this feature if they choose so, thus making a step towards opt-in compliance.

Headquartered in Hong Kong, Blockpass is a leading RegTech and Compliance business which provides digital identity verification as a service. Through its vast network of partners, Blockpass is creating an ecosystem of pre-verified customers for easy and seamless customer onboarding for any regulated business and industry. Blockpass aims to provide a solution which puts the user back in control of their data and is working with the Blockpass Identity Lab in Edinburgh Napier University to develop technology such as zero-knowledge proofs and homomorphic encryption that could eventually see the need for users to show their personal details eliminated.

Beam is a blockchain and cryptocurrency developed using the Mimblewimble protocol to create a scalable and flexible solution which puts privacy first - with no information about transaction participants being stored on-chain. The platform's "Scriptless Script" technology enables a range of transaction types to take place, including escrow and atomic swapping. Beam's vision is building a cryptocurrency that combines complete confidentiality with opt-in compliance, allowing both business and personal uses of the currency without compromising the privacy in any way.

"When we were creating Blockpass we knew that the privacy-centric goal of cryptocurrencies and blockchain - putting control back in the hands of the user - was the future. At the same time, we realized the importance of regulatory compliance. This is what drove the development of a user-centric, user-controlled Blockpass identity we believe will underpin every aspect of interaction with the blockchain ecosystem," said Adam Vaziri, CEO of Blockpass. "As a company whose ideals match our own so closely, we are excited to work with Beam to enable a safe, secure and confidential space for users to transact and interact, and to develop new and innovative use cases for this collaboration."

Alexander Zaidelson, CEO of Beam: "At Beam, we want to give users full sovereignty over their funds and over their information. That means that users should be able to decide for themselves whether they stay completely confidential or disclose their information to designated 3rd parties. Wallet KYC may be a desirable feature for business users, and we are glad to partner with Blockpass on this."

Blockpass continues to work on expanding its uses and features, with multiple partnerships announced this year, including Waves, Tokenomica, the BBFTA and Ethfinex. There have been a number of updates to the app, with the most significant seeing the release of Face Match Certification. The partnership between Blockpass and Edinburgh Napier recently saw its six month anniversary and the work being carried out at the Blockpass Identity Lab will see improved privacy for the user as solutions are developed. The Blockpass App is available to download from the App Store and Google Play.

About Blockpass IDN

The goal of Blockpass IDN (http://www.blockpass.org/[1]) is the global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production-ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

For more information and updates, please visit and sign up to the following:Promotional video: https://youtu.be/SvO2cw3e-SIWebsite: http://www.blockpass.orgMedium: https://medium.com/@blockpassTwitter: https://twitter.com/BlockpassOrgFacebook: https://www.facebook.com/blockpassorg/Telegram: https://t.me/blockpass[2][3][4][5][6][7]

Contact: Caitlin Fargo, +852 9733 4935, [email protected][8]

About Beam

Beam is a scalable confidential cryptocurrency using Mimblewimble as a basis for its decentralized and permissionless blockchain. Beam has capped emission with periodic halvings and uses proof-of-work mining for securing the network.

Without any address information stored on the blockchain and keeping transactions private by default, Beam is meant to provide users with control over privacy in its compact design. Beam's long-term vision is to create a currency that combines full confidentiality with opt-in compliance, letting both businesses and individuals use it without compromising their privacy.

For more information and updates, please visit and sign up to the following:- Download Beam Android Wallet on Google Play https://bit.ly/2Z0oZH5- Download Beam iOS Wallet on App Store https://itunes.apple.com/us/app/beam-privacy-wallet/id1459842353- Download Beam Desktop Wallet on Beam's website https://www.beam.mw/downloads/mainnet- Learn more about Beam on our website (https://www.beam.mw/) and blog ( https://medium.com/beam-mw )- Want to mine Beam? Read our documentation, or join the mining channelhttps://documentation.beam.mw/en/latest/rtd_pages/user_mining_beam.htmlhttps://discord.gg/NnNhQX9- Become a Beam Ambassador: Submit your application https://www.beam.mw/ambassadors- Telegram: t.me/BeamPrivacy https://t.me/BeamPrivacy- QQ Beam: https://jq.qq.com/?_wv=1027&k=5Mbs8N4- Reddit: reddit.com/r/beamprivacy/ - Twitter: twitter.com/beamprivacy [9][10][11][12][13][14][15][16][17][18]

Topic: Press release summarySectors: Currencies, FinTech/Chains[19][20] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2019 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ http://www.blockpass.org/ (www.blockpass.org)
  2. ^ https://youtu.be/SvO2cw3e-SI (youtu.be)
  3. ^ http://www.blockpass.org (www.blockpass.org)
  4. ^ https://medium.com/@blockpass (www.acnnewswire.com)
  5. ^ https://twitter.com/BlockpassOrg (twitter.com)
  6. ^ https://www.facebook.com/blockpassorg/ (www.facebook.com)
  7. ^ https://t.me/blockpass (t.me)
  8. ^ [email protected] (www.acnnewswire.com)
  9. ^ https://bit.ly/2Z0oZH5 (bit.ly)
  10. ^ https://itunes.apple.com/us/app/beam-privacy-wallet/id1459842353 (itunes.apple.com)
  11. ^ https://www.beam.mw/downloads/mainnet (www.beam.mw)
  12. ^ https://www.beam.mw/ (www.beam.mw)
  13. ^ https://medium.com/beam-mw (medium.com)
  14. ^ https://documentation.beam.mw/en/latest/rtd_pages/user_mining_beam.html (documentation.beam.mw)
  15. ^ https://discord.gg/NnNhQX9 (discord.gg)
  16. ^ https://www.beam.mw/ambassadors (www.beam.mw)
  17. ^ https://t.me/BeamPrivacy (t.me)
  18. ^ https://jq.qq.com/?_wv=1027&k=5Mbs8N4 (jq.qq.com)
  19. ^ Currencies (www.acnnewswire.com)
  20. ^ FinTech/Chains (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/52347/

Business Daily Media Business Reports

Di Jones real estate recognises high achievers

Di Jones celebrated its outstanding performers on Saturday (24 February 2018) evening at the Di Jones Real Estate Annual Awards.                               The bla...

Helen Hull - avatar Helen Hull

Eclipse Travel Expands Operations to New Zealand

Eclipse Travel, specialists in key adventure destinations such as Antarctica, the Arctic, Africa and Latin America, have announced today their expansion of operations to ...

Yvonne Kong - avatar Yvonne Kong

How medical professionals can benefit from an overall wealth management solution

As a health care professional, you have made it your life's work to focus on the care and health of the general public. While this kind of work can be extremely rewarding...

News Feature Team - avatar News Feature Team

Why Pinterest Should Be Part of Your Marketing Strategy

Pinterest is a growing social media platform that can deliver significant traffic to your website and new followers to your brand. With it’s steady growth and outrageous ...

Greg Nunan - avatar Greg Nunan

The top reasons why gyms fail

Steve Grant is a Business Coach and Founder of GymHub.com.au   Every month thousands of new trainers walk out of their 6-month course with the qualifications needed ...

Steve Grant - avatar Steve Grant

WHITE LABEL NOBA’s Winter 2016 season: Earth + Country

Taking cues from the warm winter colours of tobacco and caramel, and combining them with the strength of navy and the embracing lightness of whites and creams; and then...

Kath Rose - avatar Kath Rose

Former Etihad boss brings substantial event insight to PMY Group Board

Paul Sergeant PMY Group, the architects of the digital insurgency occurring at major venues across Australia and New Zealand, are delighted to welcome 35 year even...

Annie Konieczny - avatar Annie Konieczny

More training for coffee making than property sales: REINSW

Sydney 9 May 2016. An overhaul of education and training standards for the real estate profession must take place to help prevent illegal activities, according to the Rea...

Helen Hull - avatar Helen Hull