Press Releases
 
OAX Foundation and Blockpass Announce New Agreement to Promote Regulatory Compliance

HONG KONG, 29 April 2019 -- (ACN Newswire) -- OAX Foundation and Blockpass have today announced an agreement that will see the firms join forces to promote advanced compliance controls in the digital asset industry. The agreement reflects the shared goal of the firms to create an industry that is open, transparent and committed to the highest governance standards.

Blockpass has developed a RegTech platform that offers shared regulatory and compliance services for individuals, companies, and devices. Blockpass is a digital identity application and service which brings control back to the user. Blockpass provides a streamlined and cost-effective user onboarding process for regulated industries and any kind of online service. From the Blockpass Application, users can create, store and manage a data-secure digital identity that can be used for an entire ecosystem of services or token purchase..

OAX Foundation is developing and promoting digital asset trading for the mainstream. It is working with several leading organizations to help make digital assets a mainstream part of the financial system. Strong compliance controls, particularly for Know Your Customer (KYC) screening, are a critical part of this process.

Together, OAX Foundation and Blockpass will promote each other's products and services, leading to improved adoption of the standards needed for a secure and sustainable industry. This has become increasingly important as the industry has evolved.

In particular, the emergence of securities token offerings (STOs) has given policy, legal and regulatory compliance issues renewed prominence. Security tokens are regulated investment contracts which represent legal ownership of physical or digital assets such as real estate, ETFs or corporate stocks. Educating the industry and the wider financial community about these and other developments is critical to helping digital assets achieve mainstream adoption.

Amanda Liu, General Manager of OAX Foundation, said, "In order for the digital asset industry to fulfil its potential, it needs to demonstrate that it has adopted world class compliance systems. By promoting best practice in this area, partnerships like the one we're announcing today with Blockpass will help the industry mature."

Adam Vaziri, CEO of Blockpass, said, "The digital asset industry needs to have a keen focus on compliance. Our partnership with OAX Foundation will help promote the high standards that are required to create the trust and security needed for digital asset trading to grow."

About OAX Foundation

OAX Foundation Limited is a Hong Kong-based entity set up to develop and promote digital asset trading for the mainstream. It aims to build a sustainable digital asset industry based on principles of openness, transparency, and strong governance.

About Blockpass IDN

The goal of Blockpass IDN (http://www.blockpass.org/) is global realization of identity for the Internet of Everything. Through the use of blockchain technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans, businesses, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted connection between human, corporate, and device identities. Registered in Hong Kong, Blockpass IDN is a joint venture of Infinity Blockchain Labs and Chain of Things. Blockpass IDN licenses its technology from the non-profit Blockpass Foundation, registered in the Isle of Man.

For more information and updates, please visit and sign up to the following:
Promotional video: https://youtu.be/SvO2cw3e-SI
Website: http://www.blockpass.org
Medium: https://medium.com/@blockpass
Twitter: https://twitter.com/BlockpassOrg
Facebook: https://www.facebook.com/blockpassorg/
Telegram: https://t.me/blockpass

For more information, please contact:
Cognito
Dan Bradley

+852 6145 7455

OAX Foundation
Kelvin Wong

+852 6037 5705

Blockpass
Hans Lombardo


# # #


Submitted by ACN Newswire, ACN Newswire on Monday, 29 April 2019 at 5:05 PM
Category: Enterprise Technology
 
Related News

TUDLA Celebrates 20-Year Anniversary
Thursday, 20 Jun 2019

Mainetti Supports the Sustainability & Smart Retailing Summit 2019 in Hong Kong
Thursday, 20 Jun 2019

WIMI Hologram AR Provides Bio-Simulation in Recreating the Underwater World
Wednesday, 19 Jun 2019

Top Victorian Tech Companies Eye Southeast Asia
Wednesday, 19 Jun 2019

WiMi Hologram AR, MEGVII, SenseTime, CLOUDWALK compete for Technicalization of Application Scenarios
Wednesday, 19 Jun 2019

Related Events

Palo Alto Networks: AMPLIFY THE IMPACT OF EVERY SECURITY ANALYST
Wednesday, 19 Jun 2019

Palo Alto Networks: The Most Advanced Protection for the Cloud
Wednesday, 19 Jun 2019

Oil and Gas Council, Africa Assembly, Paris 2019
Monday, 24 Jun 2019

Palo Alto Networks: Ultimate Test Drive - Traps
Friday, 28 Jun 2019

SCR Systems - w. Inc session concerning Off-Highway in Stuttgart - July 19
Monday, 1 Jul 2019

Latest News

Low Testosterone? Try these all-natural tips from NJ’s leading Holistic Doctor, Michael Rothma
Friday, 21 Jun 2019

Amoxicillin Market Competitive Landscape Analysis with Forecast by 2026
Friday, 21 Jun 2019

Botanicals Market Scope and Opportunities Analysis 2018-2026
Friday, 21 Jun 2019

Compression Garments Market to Set Phenomenal Growth from 2018 to 2026
Friday, 21 Jun 2019

Andarine (S-4)
Friday, 21 Jun 2019

 
Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Friday, 21 June 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Business
Consumer Technology
Economy
Education
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
Legal/Law
News & Media
Religion
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!


Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.


  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.


    Resources
  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Vestibular Schwannoma Conference 2019
  • Palo Alto Networks: May - Palo Alto Networks Heads-up
  • 2nd International Public Mental Health Conference
  • III World Congress and VI International Congress on Dual Disorders ICDD2019
  • Hi And Fi Asia-China 2019

  • Latest Jobs
    Sorry, there are currently no entries posted here.