Self-sovereign identity application Blockpass and universal cryptocurrency wallet Infinito Wallet announced today their plans to release Blockpass’ PASS token via the Infinito Wallet platform and defines a shared vision of a decentralized regtech ecosystem.
PASS, which is to be distributed through token sale channel partners starting at the end of May 2018, will be the first ‘regtech’ token issued on the Infinito Wallet. PASS tokens will function as discount vouchers for Blockpass services, being burned upon redemption.
Blockpass is a user-centric, self-sovereign identity application for regulated industries. Designed with full data security in mind, Blockpass ensures KYC and AML compliance for regulated service providers while eliminating third-party data storage. Blockpass has been developed as a step towards the Internet of Everything, and future releases of the application will include integrations of KYD and KYO protocols.
Infinito Wallet is a world first cryptocurrency wallet for NEO NEP-5, ETH ERC-20 and top coins. It offers not only an extending list of leading transactional cryptocurrencies such as Bitcoin, Bitcoin Cash, Lite Coin, and Dash but also it enables access to all tokens built on leading smart contract blockchains as ETH ERC20, NEO NEP-5, and more on Infinito Wallet roadmap.
Regulated tokens for a smarter economy
As strategic partners, the two teams are working together to introduce a new regtech infrastructure that will facilitate the launch of compliant tokens, including security tokens, real world blockchain assets, and other ‘attributed’ token designs. In the rapidly developing smart economy, these new asset types will form the basis of a decentralized ecosystem of devices, Dapps, and things.
“This is the first step to the roll-out of our vision of seamless onchain compliance, where public blockchains can intersect with the real world and the mainstream of regulated industries,” Blockpass CMO Hans Lombardo said. “Together with Infinito, we intend to build a next generation infrastructure for this hybrid of onchain compliance and total user control.”
“I believe it will be an excellent partnership for those who love Blockchain and Cryptocurrency around the world,” Infinito Wallet president Junya Yamamoto said.
Blockpass and Infinito will next be exhibiting together at Blockchain Expo Global in London on April 18th and 19th.