New Year is at the doors, and it is already bringing good news.
As you know, that any blockchain for business supposes that all the parties are identified. We are not an exception, that is why we used KYC/AML procedures, as well as we comply with GDPR Directive.
KYC (Know Your Customer) procedure is important for digital businesses, as it allows to ensure that the person you are dealing with is trustworthy.
Combined with AML (Anti-Money Laundering) procedure, it will guarantee full legal compliance for the business. Moreover, it is a strict requirement from many governments to avoid frauds.
IdentityMind has huge experience in this field, and this is the reason why FOODCOIN chose them. You will all have the chance to see it yourselves.
We are happy to announce that IdentityMind, which is our first KYC/AML provider, is going to provide us identification and verification solutions in our blockchain.
It is another step in bringing blockchain passports and developing the DIGID service. It will allow users to add the information about themselves and have their passports, so that any service will see verified data.