A security token platform called Polymath and a digital identity verification solution called Blockpass aim to simplify processes in a blockchain ecosystem. Another aim is to offer easy and manageable solutions related to regulated businesses.
Polymath has made an announcement of collaborating with the digital identity verification solution Blockpass on June in the year 2019. Polymath clients will be provided with a streamlined identity verification solution through this collaboration. Security token issuers can use a marketplace called the Polymath Service Provider Marketplace. They will be able to see that Blockpass is listed as a know-your-customer (KYC) provider on the marketplace.
Security tokens can be created and managed easily with the help of the security token platform Polymath. Technology is provided for powering the security tokens. Simplifying complex technical challenges related to creating a security token is a purpose of Polymath. While bringing the multi-trillion dollar financial securities market into the blockchain is an aim of Polymath.
The Chief Executive Officer (CEO) at Blockpass Adam Vaziri said, “This partnership is the latest step we have taken to streamline the painstaking and cumbersome process of onboarding investors. There are many synergies between Polymath’s proposition and our own, in that we are both striving to create simplified and compliant solutions.”
The digital identity verification solution Blockpass is recognized as a leading RegTech and Compliance platform. It is located in Hong Kong, China. Expanding uses and features through different partnerships is a purpose of Blockpass. Waves, Tokenomica, the BBFTA, and Ethfinex are the partners of Blockpass. It leverages the blockchain technology and smart contracts in order to provide shared regulatory and compliance services, the official site of Blockpass reported.
The security token platform Polymath was established in the year 2017. It is located in Haggatt Hall, St. Michael, according to the official LinkedIn account of Polymath.