Verification

One of the more useful applications of blockchain technology is its potential ability to help realize decentralized identity authenticators. This application would be a huge benefit to many businesses, especially those in in the financial sector that are subject to burdensome and expensive KYC and anti-money laundering laws.

MasterCard, the world’s payments colossal, is planning to patent a way to add a new node to a blockchain network quickly, according to new filings revealed recently.

The EXMO international cryptocurrency exchange has integrated a new payment instrument - Visa/MasterCard for instant depositing on the user’s EXMO account in fiat currencies without verification.

A new revolutionary partnership has been signed between major Polish bank PKO BP and blockchain company Coinfirm. The agreement confirms the creation of a blockchain-based storage and verification system for bank documents.

MinexCoin winning atomic swap race.

Blockchain-based company Shipowner, is the world’s first distributed ledger platform that is focused on Maritime Assets & Services, anticipating their token generation event starting 7th March 2018. The registration, verification, wallet allocation process and access to the marketplace is open.

Safein, the digital identity and payment wallet, continues to set the pace for the legitimization of modern payment service providers in becoming the first to secure the Electronic Money Institution (EMI) license issue in the European Union. The license, which includes both cryptocurrency and traditional fiat payments, is only obtainable by companies that pass some of the most stringent business due diligence around, proving the viability of and trust in the Safein project.

A recent patent filed by Lenovo implies that the Chinese technology company will be able to include blockchain tech in a system that verifies the validity of physical documents. The blockchain tech will work as a verification program for the authenticity of physical documents, building a digital map of the document, undersigned with a digital signature.

Velix ID, a blockchain-based ID security company, is to solve the problems of global identity verification crisis by developing its new ID verification platform. The token sale begins on January 27 and will last until February 26.