SunContract is set to launch its P2P electricity trading platform

SunContract is finalizing Stage 2 of the platform and prepared to release it on time on April 13
27 March 2018   562

SunContract developers team has shared the news concerning the Stage 2 of its platform for peer-to-peer retail electricity trading: as the troubleshooting and testing phases are coming to the conclusion, it is reported that a partner company in Slovenia SONCE completed the contracts signing with the platform Pioneers. Thus, the launch of the platform is on schedule - April 13. The upgrade process will go as follows: on April 1 Stage 1 platform will be deactivated, Pioneers registration and on-site purchases will be disabled for the time being - the so-called 'Hideaway Period'. The period ends on April 13 with the official reveal and activation of the Stage 2 of the platform.

Also, on April 1 the production and supply of P2P energy will begin to Slovenian households, and the Pioneers will be able to enjoy the unique automatized algorithm that makes the engine of the renewed platform. After the presentation at the Smart Villages (high guests and speakers from all of the EU are attending) in the morning of April 13, the working version of the Stage 2 will come online at 3pm and the update of mobile apps (users will be able to check hourly consumption, production and transactions through the app) will be necessary - the web version will update automatically.

At the moment of the publication, the market parameters for SunContract are as follows:

Average price: $0.180142

Market cap: $20,738,882

Volume (24h): $6,862,600

Binance to Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

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.