Kyckr Limited (ASX: KYK) has announced that it has completed phase one of the development of its corporate identity blockchain service, which is being built using the Credits blockchain platform. Credits was recently awarded the first UK Government G-Cloud framework agreement for the supply of blockchain platform-as-a-service on the Digital Marketplace and is also used by the Isle of Man government.
The developers say that this new capability will accompany Kyckr’s commercially available automation model for KYC and is ready for the next phase of commercialisation. The corporate identity blockchain solution will be a significantly more voluminous per click business model than the automation model when it is running at scale. They explain that its uniqueness stems from the same day, direct links to corporate identity sources, including over 150 business registers around the world.
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Rob Leslie, Kyckr’s Global Head of Innovation, commented: “This is a very important day in the development of Kyckr’s service portfolio. Being able to provide authoritative corporate data that has been made immutable and secure through deployment on the Credits’ blockchain platform will open up many new opportunities in financial services, controlling supply chains and other regulated industry sectors.”
New Senior European personnel
Kyckr also announced today the appointment of two senior business development personnel: Edward Doyle – Regional Director for Europe – a fintech and regtech (regulatory technology) business leader with 15 years’ experience; and Filip Verbeke – European Business Development Manager – an expert in anti money laundering, regulatory compliance and fraud prevention.
David Cassidy, Kyckr’s Managing Director, commented: “The addition of Ed and Filip to the team is our first major step in strengthening our business development capabilities, critical for closing well qualified pipeline at hand. Both Filip and Ed also bring their own relationships and pipeline having successfully sold to most of our targets for many years.”