Blockpass

Overview of Blockpass

Blockpass' efficient compliance services and BnkToTheFuture's investment opportunities represent a new way forward for people and businesses in a technologically developed world.About BlockpassBlockpass is a unique, reusable digital identity (DID) solution for organizations that participate in regulated industries and in the increasingly remote business environment where trust needs to be verified digitally.

Blockpass, the blockchain-based identity application which gives users total control over their own personal data, is pleased to announce that it has today launched its Initial Token Distribution Event (“TDE”) through the sale of tokens (“PASS tokens”) which will be available for purchase from official distributors from 31st May 2018 until 30th November 2018.

Blockpass' unique token, PASS token, is a utility token which facilitates the working of the Blockpass ecosystem and the growth of its user base by rewarding both businesses and individuals that use the platform."It's always a pleasure to work with a company whose aims and values closely match our own," stated Adam Vaziri, Blockpass CEO.

Blockpass’ KYC Connect(TM) platform enables businesses to select requirements for customer onboarding that can include ID authentication, face-matching, address checking, AML ongoing monitoring and/or screening of sanctions lists, politically exposed persons (PEP), and adverse media.

Blockpass offers an alternative process to cumbera few, repetitive and expensive Know Your Customer (KYC) and Anti-Money Laundering (AML) checks through a seamless merchant dashboard that is setup immediately with pay-as-you-go and no initial fee.

Blockpass recently partnered with Blockchain Advisory to explore blockchain regulatory standards, and also formed the Blockpass Identity Lab in conjunction with Edinburgh Napier University to further develop new uses of blockchain technology.

Blockpass digital identities have a high degree of utility: As an owner of a Blockpass verified identity, you gain access to a growing ecosystem of Web 3.0 service providers that have chosen to accept Blockpass identities as KYC.

Blockpass has seen rapidly increasing numbers of users in the past year as its identity verification solution is used for ICOs, STOs, and IEOs, including supporting a number of successful fundraisers in the past few months.

Blockpass is a shared infrastructure for blockchain businesses to share a verified user base and reduce this cost of on-boarding customers,” said Hans Lombardo, Chief Marketing Officer of Blockpass IDN.

Blockpass, a blockchain-powered KYC/AML platform, today announced its newest partnership, this time with Blitz Network, a union of miners, cross border traders, and early cryptocurrency investors.

Blockchain

Today represents an exciting milestone for Blockpass as it will allow us to accelerate the development of a differentiated offering that will bring transparency and trust to the blockchain ecosystem where we are already established with a dozen leading suppliers and partner companies.  We have an experienced management team with a clear revenue model and strategy for growth and a first mover, patented advantage in the growing regtech market which is expected to reach $118.7 billion USD by 2020.  The funds generated from the PASS tokens accelerate awareness through branding and marketing and the tokens themselves will be used to encourage utilisation.  Holders of the PASS tokens will also participate in the growing value of Blockpass.   

Mine

Network

“It’s always rewarding to see a company in the financial sector embrace Blockpass’ unique KYC solution.We look forward to working with Blitz to enable KYC and regulatory compliance in this critical category for compliance.”
– Adam Vaziri, CEO of BlockpassWhilst we have shown Blockpass’ ability to handle high rates of onboarding in the past we can now demonstrate, through our partnership with Blitz Network, that a lower volume of high net-value individuals can be catered to just as well.

Regulation

He added that instead of hindering or inhibiting innovators who are focused on complying with regulations while enabling new technologies, the Qtum Foundation would “like to support those builders by backing Blockpass’ expansion to the Qtum blockchain.”Qtum Co-founder Jordan Earls noted that on-chain KYC will become a vital component for many different protocols on the decentralized web or Web 3.0.

Support

Blockpass continues to develop its digital identity protocol with updates and additions to improve the compliance experience.Blockpass has grown significantly in size and use since its inception, both in the number and range of users and companies it has partnered with, and the scope of its work.

Transactions

Blockpass offers an onchain identity solution that is easy to combine with other decentralized technologies or processes: Blockpass offers an onchain, immediately available, verified digital identity.For a transaction to be compliant in regulators’ eyes, both transacting parties need to prove the transaction was personally authenticated.Furthermore, this setup enables the generation of multi-signature smart contracts that require personal authentication with the Blockpass tool.With Blockpass, users can transparently sign transactions and Dapp accounts with their compliant digital identity, meaning that buyers and sellers will be able to safely and compliantly complete transactions and that Dapps will seamlessly meet the basic verification requirements for the services they provide.

How come I can’t sign up with the same email address twice?

Blockpass provides self-sovereign identities.This means that we do not keep any of your personal data on our servers; we only keep a hash — a cryptographic form of the data that cannot be decrypted.This means Blockpass operates nothing like traditional services, which you can contact to recover your account.

What happens if I uninstall the application?

If you uninstall the Blockpass application, your identity will be lost.

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How does the identity backup work?

Everytime you modify your profile, you are prompted on the homepage of the mobile application to backup your identity.

What does the team mean by the token standard being ERC20 + KYC?

All ERC20 functions are available in the smart contract.This makes our token compatible with nearly all wallets currently on the market.In addition, the contract includes custom functions to require whitelisting — KYC tokens can be received by anyone, but the token holder who sends the token must be whitelisted.

How do I sign up? Where can I download Blockpass?

You need a smartphone to establish your digital identity with Blockpass.

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Can I setup my identity on multiple devices?

We do not recommend using multiple devices.Blockpass does not store your data on its server.All your data is stored locally.

What is a ‘hash’ of my data?

A hash is simply an encrypted “digital footprint,” or fixed-size alphanumeric string of data, that is based on the input of specific data (in this case the data you used to verify your identity) into a cryptographic function.

Do I need cryptocurrency to create my digital Identity with Blockpass?

You do not need cryptocurrency to create or use your digital identity in the Blockpass mobile app.

I forgot my password, what should I do?

Your password is yours and yours only.

How is my identity stored on Blockpass?

Your personal information is NOT stored on the blockchain.Blockpass simply stores a special identifier, called a ‘hash’, of your personal information.Once your information is verified, it is sealed in a digital packet and put through a ‘hashing’ mechanism.This process creates a random string of digits that represents your personal data.If even one pixel or letter in your personal data is changed, this hash will be 100% different.This process allows for an anonymous representation of your data to be stored without risk of a centralized data breach.

What is a certificate?

Certificates are issued by third parties to certify some of your information.It can certify the validity of your passport, your age, your address or even simply the fact that you are registered with a service.

Do you really destroy my data once verification is complete?

Yes, we are working on a formal auditing process for assurance of data destruction.Our third party professional services partners will monitor and replicate our procedures to confirm that we do indeed destroy all personal information once an individual is verified and whitelisted.

How do I recover my identity?

If you have lost your device or uninstalled the Blockpass application, you will need a backup file to recover your identity.

How can you assure me that the data I provide to Blockpass will actually be destroyed (removed) from your system once my KYC is verified?

Blockpass verifiers are thoroughly vetted by the Blockpass foundation, which itself is audited on a regular basis.New third party verifiers must meet certain standards set by the foundation, and are required to sign legal agreements declaring their understanding of said standards.

What happens if I lose my phone?

Access to the mobile application is protected with your password or biometrics (if activated).

What is Blockpass?

Blockpass is a blockchain based self-sovereign identity protocol for the connected world.Blockpass offers shared regulatory compliance services for humans, companies, objects and devices.

What does the team mean when they state that tokens for the second and third Token Distribution Event are locked ?

Tokens will be sent to a time lock smart contract.Tokens cannot be moved to another address until the set date is reached.

I want to contact the Blockpass team, where can I find your info?

General enquiries: info@blockpass.

I don’t have a backup of my identity, what should I do?

If you lost access to your phone and did not backup, your identity is lost.

What are some distinct features that blockpass could differentiate from other KYC ICO projects?

Blockpass can primarily differentiate itself from other KYC ICO projects by the fact that it isn’t a KYC ICO project.Blockpass is an identity application, used to create, store, manage, and utilize user-centric and self-sovereign identities.Blockpass’ initial releases focus on human identities, which can be utilized for KYC verification, but this is in no way the end vision of the application.

I haven’t received any certificates, what should I do?

Certificates are not automatic.Third parties may or may not decide to issue a certificate for you.

Why is Blockpass holding three separate events of Token Distribution Events?

As stated above, Blockpass is an all-encompassing identity application that will involve a number of key releases.Our token distribution process is designed to maximize distribution of the token as well as the KYC app itself.Each token distribution event targets the type of service providers and users that would receive the most benefit from using the application in its current form at that time.

Is Blockpass fully decentralized?

Blockpass protocol is not decentralized… at the moment.As blockchain technology becomes more mature, Blockpass will mitigate its own dependency and move most of the business logic to decentralized solutions.

How is my data used?

How your data is used is up to you.Only you have access to your data.

Who is verifying my data?

Document verifications are performed by third parties.You will need to share your data with them to get verifications.

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What’s stopping me from creating and verifying a Blockpass identity based on stolen data?

The Blockpass application won’t stop you from using a stolen identity; however, you won’t be able to receive valid certificates from third party verifiers if the identity has been reported stolen.Secondly, third party services will still need to verify that the identity is legitimate.They can conduct additional verification.If they detect that the identity has been stolen, they will need to report this to local authorities.

The certificate that I have received is not in my favor, what should I do?

If you do not like the content of a certificate that you have received, you can simply reject it.

How is the conflict between GDPR and financial regulation rectified?

Although we take GDPR compliance seriously, merchants who are involved in trading and financial services will have to abide by regulatory requirements in their jurisdiction.Regardless of the coming of GDPR, they may be required by financial regulators to keep data on investors.That is the responsibility of the.merchant and not Blockpass, which will be keeping NO data on any users.

What is Self-sovereign identity?

Self-sovereign identity is individual ownership and control of your identity data.In the current world, your identity is owned, shared, traded, sold and auctioned by various third party groups that seek to monetize your personal information.Self-sovereign identity puts your information back in your hands and under your control.

I have my identity ready, where can I use it?

We are still working on adding services into the Blockpass application.

What is Blockpass?

Blockpass is a self-sovereign identity application — a means by which users can create, store, and manage digital identities.In the first iteration of the Blockpass user application, users are able to create effective digital identities that enable onboarding to regulated Blockchain services such as banks, exchanges, and payment platforms.Future releases of the application will enable the creation, storage, and management of identities for companies, devices and other objects, thereby facilitating the Internet of Things (IoT).

History of Blockpass