Maltese-based Blockchain Advisory (BCA) has announced a strategic alliance and collaboration with Blockpass IDN. The
collaboration will focus on the creation of a reg-tech focussed compliant ecosystem within blockchain, and bring
together two established businesses already at the forefront of legal compliance.
BCA is a fast growing team of regulatory and technology specialists that introduced blockchain technology and
cryptocurrencies to Malta back in 2013, and are assisting numerous blockchain-based and cryptocurrency-related projects
such as token generation events, crypto funds, and cryptocurrency exchanges in becoming leaders of the upcoming shift in
global technology, as well as providing advice and feedback to the regulatory authorities regarding the implementation
and execution of the DLT Regulatory Framework.
Blockpass is digital identity application and service that brings control back to the user. Blockpass provides a
streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the
Blockpass application, users can create, store, and manage, data-secure digital identity that can be used for an entire
ecosystem of services or token purchases.
CEO of BCA, Jonathan Galea: "Customer due diligence procedures and general AML processes have become more important than
ever in the novel industry of blockchain and other distributed ledger technologies. The strategic partnership with
Blockpass gives our clients access to and the cutting-edge technology provided by Blockpass coupled with peace of mind
regarding security and compliance with the latest regulatory requirements."
CEO of Blockpass, Adam Vaziri said: "What's definitely evident is that regulatory bodies are interested in blockchain
based DApps and businesses, and that's what make this strategic alliance with BCA so powerful. By combining our solution
with their expertise, we are creating a think tank that will make a compliant reg-tech ecosystem accessible to all
players within the space."
Blockpass has announced a number of key collaborations recently, most notably with Edinburgh Napier University for the
creation of the pioneering new blockchain research laboratory, the Blockpass Identity Lab. With five fully funded
Studentships and led by Professor Bill Buchanan, the Blockpass Identity Lab will focus on the creation of world-leading
knowledge and innovation around citizen-focused systems which enshrine the right to privacy.