Hong Kong’s Blockpass IDN has joined forces with Malta’s Blockchain Advisory (BCA) to develop a new blockchain ecosystem that will help set regulatory standards for the emerging digital landscape. The BCA is a group of tech regulatory specialists that has been pioneering blockchain policy with the Maltese government, while Blockpass is a digital identity application that is designed to streamline user authentication across a number of different online services, including cryptocurrency transactions.
Commenting on the news, BCA CEO Jonathan Galea said that the strategic partnership gives his firm’s clients access to “the cutting-edge technology provided by Blockpass coupled with peace of mind regarding security and compliance with the latest regulatory requirements.”
“By combining our solution with their expertise, we are creating a think tank that will make a compliant reg-tech ecosystem accessible to all players within the space,” added Blockpass CEO Adam Vaziri.
For Blockpass, the alliance is the second major research initiative in less than a year. The company recently announced the creation of the Blockpass Identity Lab, a blockchain research center formed in conjunction with Edinburgh Napier University. The BCA-Blockpass partnership will examine cryptocurrencies and other blockchain-based technologies in an effort to craft regulatory tech that will guarantee people’s privacy.
February 4, 2019 – by Eric Weiss