– The Partnership Will See Data Intelligence Firm GBG’s Identity Verification Solutions Integrate With AllianceBlock’s Decentralized Protocol For The First Time
UTRECHT, Netherlands, April 29, 2021 /PRNewswire/ — AllianceBlock, the first globally compliant decentralized capital market, and GBG, the global specialist in identity data intelligence, have today announced a strategic partnership aiming to close KYC/AML gaps in the DeFi industry, bringing DeFi and institutional finance even closer together.
The partnership will see GBG’s identity verification solutions integrated with AllianceBlock’s decentralized protocol. Following this, GBG will generate signed, anonymous, and reusable verification reports which AllianceBlock will store on chain. AllianceBlock will offer these reports to its clients and network participants through its Trustless KYC/AML and Identity Verification product, one of the eight products the firm is currently developing.
This will enable numerous new use cases including allowing crypto users to only undergo KYC once, and subsequently be able to prove…
