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Media

Blockchain and KYC Solutions for Real Issues

Blockpass | April 2020

As many of us around the world continue to self-isolate in the current climate, the Blockpass team is ensuring safe working practices whilst continuing to develop our products and put out blogs and articles. In the newsletter this week we highlight two recent posts. The first of these focuses on how improving KYC is necessary for industries, particularly the hospitality industry. The second of the articles examines how reusable KYC can be employed to assist in remote working, online meetings and other situations that are becoming commonplace during the current pandemic. Highlighting a post from last year, we also discuss how blockchain is changing the fundraising scene. Finally, for our 5 minutes With interview this week we sit down for a chat with Will Abramson, a PhD Candidate who works at the Blockpass Identity Lab in Edinburgh Napier University. We hope you continue to stay safe and practice social distancing and self-isolation as we all work to flatten the curve of the coronavirus and reduce the damage it does to society.

Improving KYC for the Hospitality Industry
Methods of KYC and verification are essential across every industry in order to combat criminals and stop fraud. The hospitality industry is no different. From travel to accommodation to car rentals to tourist attractions, there is a need to establish trust in the customer being transacted with.

In our latest article, we examine the pain points and inefficiencies in the hospitality industry and how a robust, reusable KYC option such as Blockpass provides could be used to improve customer satisfaction, reduce time and costs, and open up new avenues of business not otherwise possible. Click here to read about KYC for hospitality.

Building Trust With Remote KYC
As the world begins to change in response to the current coronavirus pandemic, the ways in which people interact and do business is evolving, moving towards options that have previously been taken up mostly by startups and small businesses. Working remotely has many advantages, but they have only been embraced en-masse recently.

Whilst the technology has been around for a while, the potential of remote meetings, conferences, working and business has not yet been fully realised. In order to embrace it to its full potential, there needs to be a method of verifying the person or people you are interacting with – especially if you haven’t met them before. This possibility is exactly what Blockpass can provide and is the subject of one of our recent articles. Click here to read Building Trust Through Reusable KYC in the COVID-19 Remote World.

Current Offers Available to PASS Club Members

J Rotbart & Co.
Our latest partners, J. Rotbart & Co. provide a number of services for precious metals and other physical assets. Blockpass users who onboard will not only enjoy instant verification, but will also be eligible for the unique offer of six months worth of free gold storage with the company. Click here for more information and access to the special offer.

ADAX
A token issuance and exchange platform. Blockpass will be awarding 400 PASS tokens to the first 1000 users of the ADAX platform who complete their KYC using the Blockpass App. Click here for more information on the special offer.

Legacy Trust
A custodian providing trusted custody for crypto and fiat assets for individuals and institutions. Blockpass users are entitled to a free Complete Custody account opening – worth US$2,500! Click here for more information.

Traditional vs. Blockchain-based Fundraising
The idea of fundraising is once that has been around since ancient times, but in recent years it has received a new focus. Initially, options for crowdfunding using online came into prominence with sites like GoFundMe and Kickstarter raising funds for thousands of projects.

With the advent of blockchain technology, crowdfunding options expanded once again, this time with some different possibilities thanks to the properties of blockchain. This was the topic of discussion in an article we published last year, where we explored both traditional and blockchain options and the uses they have. Click here to read Traditional Fundraising vs Blockchain-based Fundraising.


KYC Connect
We’re constantly working to improve the functionality and usability of our flagship product, KYC Connect. From new partners and new campaigns, to easy onboarding, we are making sure we offer the premium compliance gateway to financial services. We’ve designed the process to be as quick and simple as possible; getting started is free and only takes a few minutes. Visit the Admin Console to create your service now!

Get Started

Meet The Team
For our 5 Minutes With interview this week we sit down to talk with Will Abramson, a PhD candidate at Edinburgh Napier University who works as part of the Blockpass Identity Lab. Click here to find out about Will or check out the blog he keeps here.