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Blockchain

Regtank Delivers Full Compliance Solution For Singapore’s Inaugural Non-Fungible Token Charity Auction ‘Blockchain For Good’

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Regtank, the leading provider of a one-stop software-as-a-service compliance solution, has been designated as one of the supporting collaborators for Blockchain Association Singapore (BAS) and the National Trades Union Congress (NTUC) U Care Fund Non-Fungible Token (NFT) charity auction event, ‘Blockchain For Good’ (BFG).

The auction has taken place over a week in Singapore, from 4th October 2021 to 10th October 2021, and supported by partners including Ether Cards, Singapore Airlines, KrisShop, Singapore FinTech Festival, Drew & Napier LLC, Amazon Web Services (AWS), Aleta Planet, Nexia TS, Ode To Art Gallery, Coinhako and Regtank Technology.

Blockchain For Good aims to raise funds for the NTUC-U Care Fund; the proceeds raised will go towards supporting several assistance initiatives, such as helping families with living expenses and education fees for their children, as well as caring for the elderly.

“We are pleased to partner with our members like RegTank to provide the technology to ensure a safe and compliant NFT platform for a very meaningful cause.” – Chia Hock Lai, Co-Chairman of Blockchain Association Singapore

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The NFT platform powered by Mars Panda and hosted by BAS is one of the first NFT platforms to host a complete compliance solution. BAS has partnered with Regtank for its cutting-edge biometrics and AI for an end-to-end, holistic compliance solution that can deliver results in a matter of seconds.

“We are delighted to work collaboratively with Blockchain Association Singapore and bring our eKYC and Digital Onboarding solution to deliver a broader range of innovative compliance solutions. As more and more companies embrace digital transformations, we want to make compliance easy for businesses around the world.” -‌ ‌‌Megan‌ ‌Lee,‌ ‌Founder of Regtank Technology

Regtank’s SaaS platform consists of four main features – Know Your Customer (KYC), Know Your Transactions (KYT), Intelligent Risk Engine, and a 360-degree Risk Profile. The automated KYC helps manage KYC obligations such as  AML screening, risk assessment, record keeping and ongoing due diligence in a single, intuitive platform.

Regtank’s latest Digital Onboarding with facial recognition provides a better user experience and allows for straight-through efficiency during the remote onboarding process. The real-time facial liveness detection feature reduces the risk of a cybercriminal deceiving the system. The facial comparison verification conducted through AI also allows for more flexibility in compliance.

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Blockchain

Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)

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Building Customer Trust in AI with Blockchain

Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.

Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.

Source: Harvard Business Review

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Blockchain at a Crossroads: Balancing Promise and Peril

As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.

The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.

Source: Cointelegraph


BRICS vs. USD: Blockchain’s Role in Economic Shifts

The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.

This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.

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Source: CoinGeek


Hungri Games Expands MetaHorse Unity to Base Blockchain

Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.

By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.

Source: CoinTrust


Nano Labs Purchases Trump Tokens to Celebrate Presidency

Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.

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The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.

Source: PRNewswire


Final Thoughts: Blockchain’s Expanding Horizons

This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.

While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.

 

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CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo

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OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara

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The World Market for RegTech 2025-2030: Growth Trends, Industry Chain Analysis, Regional Insights, SWOT Analysis and Market Shares of Leading Players – Thomson Reuters, Deloitte, PwC, Accenture, IBM & More

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