27 new partners joined Energy Web Foundation

Strategic partner list includes 12 world’s biggest energy companies
08 February 2018   737

On Monday, February 6, Energy Web Foundation announced that new strategic partners joined the organization with 12 biggest players on the list. The list includes: US’s Duke Energy, Exelon and PG&E; Germany’s E.ON and Innogy; Belgian firm Eandis; Eneco of the Netherlands; Swisspower; WiPro of India; PPT of Thailand and SB Energy Corp of Japan.

Blockchain technology has the potential to disrupt the way energy markets operate today. With this open accessible test platform we can start to develop future market standards and build reorganized, more efficient ecosystems.

 

Frank Meyer

Senior Vice President

 

The foundation has the purpose of ensuring interoperability and reduce costs through standards and market platforms that are easy to implement. Its open-source test network Tobalaba was launched on November 1, 2017 is currently used by more than 25 businesses to test decentralized applications. This year the network will be improved in terms of scalability and connectedness with physical devices and assets.

EWF states it raised over $17 mln overall to date, and $14 mln - since the start of round B funding from last August. This round B fundraising will close in May, 2018.

Our goal is to create a global ecosystem of innovators committed to working together to advance the state of the art of this powerful technology.

 

Jon Creyts

EWF Council member

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.
 

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.