Chinese online marketing service to launch a blockchain accelerator

The initiative aims to spotlight most promising blockchain startups
27 February 2018   413

Chinese "eBay" is starting a new project that will help modern blockchain-oriented startups to gain publicity. AICA, or AI Catapult Accelerator already has its first members: CanYa, Bluzelle, Nuggets, Republic Protocol, Devery and Bankorus. In recent years, JD.com has gained a very positive reputation as a very eager promoter of the blockchain technology as it offers cost-effectiveness and improves overall customer satisfaction.

The most significant participant - CanYa, is a tokenized marketplace for P2P services that helps people find, book and pay for digital and home services. According to the deal of patronship, it will receive vast resources of PR, international business development and a wide range of global partners. The service will be translated into Chinese, offer a special widget for customers to employ local CanYa service providers.

CanYa held the second biggest ICO in Australia, community beta testing commencing next month and worldwide alpha release is planned for March, 2018. The start of the acceleration program is set also to March, 2018.

This is a validation of CanYa's business model and global disruptive potential. JD is one of the most significant technology companies in the world, to have their full support and backing is huge for our platform and the acceleration of blockchain technology.

 

JP Thorbjornsen

CanYa CEO

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   74

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.
 

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.
 

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.