Blockchain
HAVN’s KYC Chain joins European Blockchain Sandbox
The recent development underscores the significant impact of the particular solution in revolutionizing KYC (Know Your Customer) processes within Web3. The European Blockchain Sandbox is a pioneering framework for validating and testing DLT (Distributed Ledger Technology) solutions. This achievement allows HAVN to delve into regulatory discussions surrounding KYC and privacy in decentralized finance.
The HAVN-supported KYC chain offers an effective solution for identity verification, reusable verification, tokenization, and data control. It aims to streamline traditional KYC processes using Distributed Ledger Technology.
A standout feature of the KYC chain is that users can verify their identities with IDnow, complying with European Union standards. These verified identities will be tokenized by walt.id and stored in Bloom Wallet as soulbound tokens. These tokens enable precise identity verification across Web3 decentralized applications without revealing personal or sensitive information.
The data control feature of the KYC chain empowers users to manage their data and disclose identity information to authorized parties. HAVN provides KYC chain infrastructure compatible with the Ethereum Virtual Machine (EVM), ensuring interchain communication and transaction validation for efficiency and regulatory compliance.
This breakthrough represents a significant step in revitalizing KYC processes for decentralized finance and Web3. HAVN, supported by IOTA (Internet of Things Application), collaborates with the IOTA Foundation, IDnow, walt.id, and Bloom Wallet to create innovative Web3 solutions. The IOTA Foundation is a nonprofit dedicated to promoting scalable and secure DLT. IDnow offers identity verification solutions that enhance security and user experience.
Bloom Wallet serves as a storage medium for identity tokens within the IOTA, EVM, and Shimmer ecosystems. HAVN aims to transform hybrid chains into an interoperable and decentralized network. The primary objective of HAVN Labs is to develop a self-service platform for launching hybrid chains. The team at HAVN Labs envisions a future where liquidity and value seamlessly move between chains.
Being selected for the prestigious European Blockchain Sandbox is a significant achievement. This initiative marks a crucial advancement in privacy-focused KYC processes for the Web3 landscape.
IOTA is leveraging the potential and versatility of blockchain through smart products like Web3 ID solutions. This collaboration highlights IOTA’s role in advancing blockchain applications. The European Blockchain Sandbox aims to integrate distributed ledger technology with regulatory frameworks, fostering productive discussions between technologists and European Union regulators.
The Sandbox environment facilitates intensive testing and refinement of blockchain platforms, including IOTA’s comprehensive Know Your Customer system. Users will benefit from a safe and efficient way to control their data through distributed ledger technology and tokenization. This marks the beginning of a new era in blockchain technology transformation, setting a new standard for privacy-focused digital identity systems.
Source: coinnewsspan.com
The post HAVN’s KYC Chain joins European Blockchain Sandbox appeared first on HIPTHER Alerts.
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
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