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Driving Blockchain Adoption - A Use Case of KYC on Blockchain

On the 26th June, Chye Kit was invited to speak at the Crystal Centre Q2 Collaboration Talk, organised by the Crystal Center from National University of Singapore (NUS), School of Computing. This discussion panel had gathered researchers, experts and industry leaders to exchange and share their experiences and research results about all aspects of blockchain. Some of the featured speakers include George Loh that heads the effort at National Research Foundation on blockchain and Vincent Loy who is responsible for Technology, Data, Digital, Cybersecurity & Technology Regulations in MAS to share their views on how to push blockchain adoption in Singapore across the various industries.

Continuing from the previous discussion, this time round Crystal Centre held their Q2 collaboration talk focusing on the theme of Blockchain Adoption and we are honoured to feature as a real-life use case where our solution adopts blockchain technology to address compliance issues faced by the cryptocurrency market.

During the discussion, Chye Kit shared about the common compliance issues faced by the blockchain participants in the event that they are required to comply to regulations. He elaborated how leverages on such blockchain technology to create a decentralised platform to alleviate clients’ compliance concerns, enabling them to focus on their core business while the compliance aspect of their business is well taken care of.

It is a privilege to be part of the discussion where we gained deeper insights into the wonders of blockchain adoption across different industries. We are glad to have this opportunity to share how adopts blockchain in the regulatory space. We would like to express our appreciation to the organisers from NUS Crystal Centre and we look forward to participating in more and upcoming discussions like this in the future.

About Cynopsis Solutions

Cynopsis Solutions was established in Singapore in 2014 and offers regulatory technology (RegTech) solutions designed to automate KYC processes. It has operations in Singapore, UK, Taiwan and Vietnam. Cynopsis Solutions is a winner of MAS FinTech Awards 2018 and has been recognized as one of the REGTECH100 – an annual list of 100 of the world’s most innovative RegTech companies as determined by RegTech Analyst, a RegTech intelligence platform.




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