trade.io and Civic partner up to provide a new way of identity verification

Civic will provide their blockchain-based id verification technology for the benefit of trade.io users
19 December 2017   953

trade.io, a cryptocurrency exchange with a very successful ongoing ICO, announced the plans for partnering with Civic – a blockchain-driven identity verification service. Civic is a pioneer in this field and boasts that their services reduce the overall cost of Know Your Client (KYC) requirement.

This is a step in right direction, because trade.io presents the only available cryptocurrency liquidity pool with 50% of the daily revenue designated to participants' payout. And utilizing Civic's services in this case will allow to qualify the clients for exchange and liquidity pool a lot faster, cheaper and, most important, in compliance with the law, so there wouldn't be any unpleasant surprises from the legal side of things.

trade.io CEO Jim Preissler commented on the partnership in question. He pointed out that the main problem in the world of finance is not only getting people to trade fast, but also to make the whole process AML-compliant without disrupting the trade and ease of access to the platform. Also the scalability of the service is crucial to continuous and growing ecosystem like trade.io.

As for the ICO, trade.io has already managed to collect more than 9500 investors, who contributed over $19 million to the creation of the first blockchain-based trading and exchange platform.

DFINITY to Postpone Internet Computer Launch

The project is currently assessing the time frame for the completion of the MVP
14 December 2018   88

The blockchain project Dfinity reported in its blog postponing the launch of its main product.

Previously, Dfinity chief scientist Dominic Williams said that his company intends to create an “Internet computer that will become cloud 3.0”, compete with Google Cloud and Microsoft Azure, and also change the face of the blockchain industry.

According to him, the project team is developing a technology that has 150 higher performance than Ethereum blockchain and 900 times - Bitcoin. In essence, the project creates a “giant Internet computer”, whose work will be supported not by one company, but by all participants of the Dfinity protocol.

Initially, the release of a minimum viable product (MVP) was planned for the first quarter of 2019. However, according to company representatives, working on a trimmed version may slow down progress in creating a complete product.

The project is currently assessing the time frame for the completion of the MVP. Also, noted in Dfinity, before the end of the first quarter a new set of development tools (SDK) will be released, which will shed light on the future plans of the company.

In August, the Dfinity Foundation attracted $ 102 million of investments in the framework of a closed tokensale. Prior to this, at the beginning of the year, the Dfinity Foundation raised $ 61 million from Andreessen Horowitz and Polychain Capital.