Chinese online marketing service to launch a blockchain accelerator

The initiative aims to spotlight most promising blockchain startups
27 February 2018   519

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 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.