Komodo to Develop Atomic Swaps with New Partnerships

Komodo has announced its partnership with Populous platform and ValueNet Capital, a venture capital fund based in Beijing
27 March 2018   677

Komodo is a platform which is expanding into the blockchain network powered by Atomic Swap Technology. We should remind our readers that atomic swap is a feature in cryptocurrencies, that allows for the exchange of one cryptocurrency for another without the need for a trusted third party.

We have already shared some news regarding the implementation of atomic swap technology, for instance it was successfully used with Komodo and Bitcoin Cash in December 2017. And on March 26, 2018 the team at Populous have announced its partnership with Komodo decentralised platform. 

populous and komodo cooperationPopulous and Komodo Cooperation

As Ben Fairbank, the General Manager at Komodo stated, the platform believes that partnership with Populous will enhance their offerings with the introduction of Atomic swaps. This should be a nice example of the flexibility of the technology to work across platforms. The atomic swaps technology will enable participants to contribute in Populous’ gold liquidity pool.

What is more, on March 27, 2018 Komodo Platform has announced a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The cooperation will reportedly focus on decentralized initial coin offerings.

Valuenet capital and komodoKomodo and ValueNet Capital Cooperation

As it was stated on the official website of Komodo platform, the partnership agreement between Komodo Platform and ValueNet Capital is live from March 23, 2018 and is effective until both parties decide to terminate the agreement.

While ValueNet will provide risk assessment and strategic consulting, Komodo Platform will apply its technical expertise to ensure all dICOs are launched securely and successfully.
 

Komodo Platform Announcement

Moreover, on our website you can read about the Supernet migration from NXT over to Komodo Assets Chain.

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.