London was a hive buzzing with tech expertise this week as the Blockchain Expo hit town. Billed as “the world’s largest Blockchain conference and exhibition”, the event hosts over 12,000 participants and more than 500 speakers over the two days, all focused on how enterprise technology can shape our future.
As part of the event, Cynopsis Solutions was proud to showcase traceto.io – our decentralized Blockchain solution to Know Your Customer (KYC). Combining the latest, cutting-edge smart contract and artificial intelligence technologies, traceto.io connects users to a decentralized KYC network that provides existing users with their KYC score and automatically creates a score for new users once the onboarding process is complete.
Designed primarily with cyptocurrency market participants in mind, this technology helps to promote regulatory inclusion by helping participants fulfill KYC requirements, even in the traditionally more anonymous environment of crypto-assets.
Speaking about the event, Chye Kit Chionh, Co-founder and CEO of Cynopsis Solutions and traceto.io said: “It is clear from the conversations we had at Blockchain Expo that the increased scrutiny of regulators around the world on crypto assets is compelling many organizations and individuals to rethink KYC. Meanwhile, others are only now considering their role in anti-money laundering and countering terrorism financing for the first time."
Chye Kit continued: “This event is an exciting opportunity to discuss these challenges in more detail with firms, demonstrate how traceto.io can help and hear from other industry experts about developments that are happening elsewhere in the blockchain universe.”
Find out more about how blockchain technology is changing the way the crypto market is handling KYC by visiting traceto.io.
About Cynopsis Solutions
Cynopsis Solutions was established in Singapore in 2014 and offers regulatory technology (reg tech) 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.
traceto.io is a decentralised Know Your Customer (KYC) network that provides an inclusive KYC solution to cryptocurrency and blockchain product companies by fusing Smart Contract and Artificial Intelligence technologies. Leveraging on over 5 decades of experience in Compliance and RegTech, traceto.io’s vision is to bridge the gap between the real and virtual world KYC processes.
Telegram Announcements Channel: https://t.me/tracetoannouncements