Blockchain Reduces Fraud And Waste In Internet Marketing

Advertising bots are running amok creating three times more online ad fraud than humans. As a result of fraud such as false leads and sales in affiliate networks, 20 percent of digital ad spending was wasted in 2016, costing brands $16.4 bln, reports The&Partnership. Condemning a lack of transparency major brands are calling for reform in online advertising while working with the Internet Advertising Bureau to raise standards. The Blockchain already has a solution.

What is all the fuss about?

Bitcomo is using smart contract algorithms to lock out the bots and other forms of fraud in affiliate networks. Challenges in producing accountability in affiliate networks has let fraud run rampant. Placing affiliate networks on a smart contract makes all actions—clicks, conversions, registrations—traceable and transparent. Trustless networks on the Blockchain provide a solution.

Bitcomo is the first click per action (CPA) network on the Blockchain, but more foresighted affiliate networks are expected to seek to benefit from improved performance and ROI. Affiliate marketing pays for performance by sharing revenues with Internet websites that direct traffic that leads to a product sale, or other specified action.  Advertisers pay only when an action is performed, thereby increasing their return on investment. However, fraudulent traffic continues to be a nagging problem. Up to one-third of traffic is reported to be falsely generated.

The growth in bot traffic is exacerbating the problem. Bots create not only fake traffic but also conversions. These non-discriminating bots are annoying web surfers. Consequently, affiliate network technology not only has to outsmart traffic frauds but also ad blockers.

What you see is what you get

The transparency of smart contracts makes it difficult to generate fake leads and sales by falsifying statistics. On the Bitcomo network, advertisers can track activity in real time. Currently, they depend on affiliate networks to send them a report on the origin of traffic visiting websites. Even then, the traffic flows are not always clear. Payments are made as soon as the parties to the contract sign off on the agreed upon actions, eliminating payment disputes and delays.

Here are other examples of how the smart contract can clean up data pollution.

Proxy sales

Proxy sales involve creating false traffic from countries that pay more for conversions. A business based in India may receive false conversions from North America, which pays the highest rates for conversions. The Indian advertiser would then be required to pay the higher advertising fees based on the fake data.

Incentivized offers

The gamification of business means Internet users are offered rewards, bonuses and other forms of incentives to engage in actions. Unsurprisingly, fake incentives are being offered to encourage shoppers to take the desired action, from buying a product/service or registering on a website. Once again, the transparent smart contract would reveal this activity.

Fraudsters have met their match in the Blockchain economy. Fraudsters are infamous for reinventing themselves overnight and popping up elsewhere on the system with a new way of gaming the system.

On the more transparent Blockchain, it is easier to identify fraud and block the offenders out of the affiliate network. Offender information can more easily be disseminated to other affiliate networks. It is highly likely that affiliates will have one immutable identify in the future with a record of all their activity, not unlike the digital identifies being developed for consumers and businesses. This will make it almost impossible for fraudsters to reinvent themselves in the Blockchain economy.

The Bitcomo Token (BM) Sale

The Bitcomo affiliate network ecosystem with its own token provides another layer of security. The pre-ICO runs for 30 days starting on Nov. 20th.  The main ICO runs from Jan. 16 to Feb. 16, 2018. In total, 170 mln tokens will be offered at $0.30 with a hard cap of $51 mln.  An early bird offer will sell 27.2 mln tokens at a 10-25 percent discount. During the ICO period, a 20 percent bonus will be offered on 30 percent of the remaining 108.8 mln tokens.


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The fork of Bitcoin from August 2017 known as Bitcoin Cash (BCH) surged over 30% on Friday according to industry price analysts at Coinmarketcap. This corresponded with a marked drop in the price of the original Bitcoin’s (BTC) price to its lowest point since the start of November. Analysts are attributing the redistribution to the failed Segwit2x fork which was scheduled later this month. However, interestingly there seems a lack of consensus as to why traders are moving from BTC to BCH.

Some believe that it’s simply a matter of those traders who were holding Bitcoin to receive a dividend of new coins like what happened in August selling and moving back into various altcoins. Looking at the sea of green over Coinmarketcap immediately following the decision would suggest there’s a fair bit of truth in their opinion too. For them, part of the huge run up in price was caused by people buying in to get free coins. Now that there are no new coins, the money is flowing elsewhere. Chris Burniske, author of Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond believes this to be the case. He told CNBC:

You can see people playing back and forth between bitcoin and bitcoin cash trading depending on where they think near-term catalysts may be. It’s been a battle of investors versus traders that were stockpiling bitcoin to get their ‘bitcoin2x dividend’.

However, not all see it like this. There are some analysts who interpret the shift towards Bitcoin Cash as a belief in that version of the code, rather than the original – known in the industry as Bitcoin Core. For proponents of BCH like Roger Ver, the use of bigger blocks as a scaling method are closer to Satoshi Nakamoto’s original vision. Second layer scaling solutions like Segwit are not in line with the whitepaper which the mysterious Nakamoto published before disappearing early in the life of Bitcoin.

For those like director of XTB, Joshua Raymond, Segwit2x was an important step towards scaling the chain to be able to handle more transactions per second. More pragmatic than many of the hard coding, computer science-orientation anti-Segwit2x crowd, Raymond told Business Insider:

Everyone was hoping the Segwit2x would address this [transaction cost and time] but unfortunately, the delay due to a lack of consensus on the mechanics has affected confidence. Confidence on transaction speed in Bitcoin has deteriorated significantly in recent months. As Bitcoin Cash enjoys much faster transaction speeds, we have started to see a recycling of positions out of Bitcoin into Bitcoin Cash as a consequence.

For now, it’s unclear which interpretation of the numbers holds most truth. However, what is curious is that today, many alt coins like ETH and NEO are in the red as Bitcoin Cash moves higher. This casts doubt over the thesis that Bitcoin’s decline is simply down to people selling their BTC positions because there’s no longer a free dividend up for grabs. The negative growth of the rest of the market combined with the speed that BCH is rising suggests something more monumental might be afoot.

So that’s another day complete in our bitcoin price trading efforts and with it the week has drawn to a close. There has been much to talk about across the sessions this week and we’ve had plenty of opportunities to jump in and out of the markets according to the rules of our intraday strategy as price has moved in various directions.

We’ve got the remainder of the US session ahead of us, during which we’d love to pocket another couple of wins to close out the week on a strong high. Whether the markets will allow this remains to be seen, of course – we can’t just jump in and out because we want to, we have to wait for some signals – but if action today is anything to go by, there’s a good chance we’ll get at least one opportunity to enter.

So, with this noted, and for the final time this week, here’s a look at what we are going for in the bitcoin price this evening with some key levels to focus on going forward. As ever, take a quick look at the chart below before we get started so as to get an idea what’s on and where things stand right now.

It’s a one-minute candlestick chart and it’s got our key range overlaid in green.

As the chart shows, the range we are looking at for the session today is defined by support to the downside at 6718 and resistance to the upside at 6853. We are initially going to look for a close above resistance to validate an upside entry towards a target of 6890. Looking the other way, a close below support will have us in short towards 6680.

Stop losses on both positions just the other side of the entry in both instances will ensure we are taken out of the trade in the event of a bias reversal.

Let’s see how things play out.

Charts courtesy of Trading View

Highly regarded investors and financial analysts including billionaire investor Mike Novogratz and RT’s Max Keiser firmly believe that the bitcoin price could achieve the $10,000 mark in the short-term.

As Novogratz told CNBC:

“I’m pretty confident to say it’s going higher…It would not surprise me if in the next 6-10 months we are over $10,000.”

SegWit2x Out of Sight, Institutional Investors Rushing In

The basis of the $10,000 interim price target of leading analysts and investors like Keiser and Novogratz are based on the entrance of large-scale institutional and retail traders into the bitcoin market.

Analysts predict that the launch of bitcoin futures exchanges by CME Group and CBOE, two of the largest options exchange in the world by trading volume, would drastically increase liquidity for institutional and retail traders, potentially leading to tens of billions of dollars being invested in bitcoin in the short to mid-term.

It is important to acknowledge that the liquidity of bitcoin has increased significantly over the past few months, with only a handful of multi-billion dollar institutional investors and hedge funds in the bitcoin market. The daily trading volume of bitcoin is on par with Apple (NASDAQ: AAPL), the most liquid stock on earth, at around $3.4 billion.

The SegWit2x hard fork, which was supposed to occur on November 16, was canceled by its supporters and leading businesses including Blockchain, Xapo, ShapeShift, and BitGo. SegWit2x presented uncertainty to investors and traders within the bitcoin market, given that a sell-off from B2X dividend-expecting investors was a certainty. Several analysts expected a drop of around 10 percent.

Upon the cancellation of SegWit2x, the price of bitcoin surged to a new all-time high at $7,900, prior to plunging to $7,200. But, the major correction that occurred on November 9 should be seen as a positive indicator for the short-term growth of bitcoin, given that the major correction or sell-off from B2X-expecting investors had already occurred and it barely impact the price trend of bitcoin.

Bitcoin Futures and Mainstream Adoption of Bitcoin in Japan Will Push Price to $10,000

A price target of $10,000 by the end of 2017 is a possibility that cannot be ruled out, considering that the US market, the second largest bitcoin market with over 25 percent market share, is extremely optimistic in regards to the futures exchange launch of CME and the impact it will have on the bitcoin market in the long run.

Additionally, as NewsBTC reported earlier today, Japan has been experiencing a rapid mainstream adoption of bitcoin and the cryptocurrency market, triggered by the Japanese government’s practical regulatory frameworks and the implementation of bitcoin as a payment method by leading conglomerates.

If the Japanese and US markets continue to perform at the current pace in the upcoming months, $10,000 is a likely short-term target. The adoption of SegWit by major bitcoin businesses like BitGo could also act as a minor factor in shaping the upward momentum of bitcoin price in the upcoming weeks.

It’s not uncommon to meet a victim of the innovation world. Someone with a great idea, but unable to find the necessary investors or the appropriate platform or help. Eventually the idea either dies, or is picked up by a large conglomerate, and the initial entrepreneur is left behind.

This isn’t an uncommon problem because the existing tools in the crowdfunding and innovation marketplace are woefully inadequate. Entrepreneurs have difficulty at almost every turn – finding investors, marketing their products, and finally getting sales – its all difficult. In fact, 29% of startups fail simply for lack of investment.

Decentralized partnerships

However, a new Blockchain based platform has appeared on the horizon, promising to solve the issues that innovators face in the current marketplace. Crowdholding, a two year old startup, is creating a new decentralized platform where entrepreneurs, investors, and consumers can work together to create the next major innovations.

The platform is a peer-to-peer validation and investment system designed to allow supporters from anywhere in the world to access and support innovative thinking. Supporters can offer feedback, give criticism, and voice their opinions. The power of the crowd – to validate, test, and invest in products – can be put to work to help build new and innovative value propositions.

Best of all, companies not only receive from the public through responsive interaction (the ‘crowd’), but are also able to give back to the public through an incentivized platform. By offering incentives, companies are able to create simple and direct pathways for consumers to participate intellectually and financially, and receive rewards for their participation.

The dynamics 

The dynamics of the system are unique. Within the Crowdholding ecosystem, companies are free to release their products for public consideration. With the release, companies can offer some percentage of earnings as a reward for participants. The ‘crowd’ analyzes the product, provides feedback, and offers ideas. In return, the company offers the contributors the pledged percentage, and the ‘crowd’ earns, even as it evaluates.

For the crowd, the platform offers some excellent benefits. Participants can have an amazing portfolio of products they have directly influenced. Further, rather than simply free testing and evaluation, participants can receive monetized rewards through YUPIE tokens, the cryptocurrency from the platform. Finally, crowd participants have first access to new products before the market is able to grab ahold.

For businesses, there’s much to be gained as well. First, products undergo rigorous testing in a simple format. Ideas about the product, market feedback, and new enhancements can be added in order to dramatically improve the salability of the concept. Further, the platform offers business owners a means of nearly free advertising, as real consumers are made aware of the product in a direct and meaningful way.

The way forward

For many entrepreneurs struggling through the muck of the startup world, hope is hard to come by. But the power of Crowdholding promises to bring consumers and innovators together in a whole new way. By providing a vehicle for helpful and incentivized interaction, Crowdholding promises to be the seedbed for the best up and coming products.

 

 

Tether is one of the companies causing some drama in the cryptocurrency world right now. The company has issued around 50 million USDT this week alone. All of this money is used to push up prices of different cryptocurrencies on Bitfinex, by the look of things. It is evident this is causing some problems for a lot of people. Whether or not these concerns are justified, remains to be determined.

This has been a pretty eventful week for Tether, to say the least. Earlier, the company issued another 20 million USDT tokens. All of this digital money needs to be backed by collateral in US Dollars. Whether or not that is the case right now, is perhaps the biggest mystery in all of cryptocurrency. There is another problem people need to take into account, though. Last night, another 30 million USDT was added to the existing supply.

USDT Supply Continues to Increase Quickly

It is unclear where this sudden demand is coming from. That is, assuming the demand is legitimate, to begin with. There are some wild theories circulating on the Internet right now. No one can deny the USDT brought in circulation help keeps the Bitcoin price stable right now. Who controls this funds exactly, is a different matter altogether. It is certainly possible this influx of new tokens, is completely legitimate, although it is doubtful right now.

Surprisingly, these new tokens do not seem to affect the trading volume all that much. HitBTC is still the largest market, following by Poloniex, and Bittrex. Very few of the coins seem to make their way to Bitfinex right now. That is, assuming there is no secret order book containing information to explain this situation. There have always been some correlations between Tether and Bitfinex. Proving nefarious activity is difficult, though, and should be considered speculation at this point.

Overall, there is a reason to be concerned about the USDT supply right now. With so many new tokens being added in quick succession, things are not looking great. Then again, the company will hopefully have a decent explanation for this development. Right now, over 564m USDT exist. A staggering amount, to say the very least. Around 70% of those tokens are traded in daily volume right now. The demand seems genuine. Whether that is really the case or not, remains to be determined.

Some exciting developments from the team over at Social as they released a new blog post via their Medium account yesterday with new screenshots of what they have been working on over the past few months.

Social is a secure and private decentralized social network with an integrated marketplace and ad platform. They currently have a team of four full time developers along with many other support staff. Their goal is to decentralize social networking along with making cryptocurrency purchases and transactions a breeze through their native currency, SCL. Social ran a very successful ICO during August and September, raising a whopping 22,796 ETH.

social

The mockup of the new home news feed is straight to the point and has a very clean and simple to use interface. They even allow connecting your Facebook or LinkedIn profile to find friends on Social that you may already know. Of course, since Social is against centralized based social networks, that is as far as the integrations will go as they have publicly stated that posts on Social will not be shareable to any other social network. They state within many other of their blog posts that their database will be a decentralized solution, so sharing posts to centralized based social networks would defeat the purpose.

social

Definitely one of the more notable and exciting features of Social is their “Community” page. This is where users on Social can create announcements/news/questions that are publicly accessible by all users. The team stated that they may eventually introduce a rewards based system and allocate SCL to users who are constantly posting popular and unique content inside the Community section of Social, similar to other micropayment solutions like SteemIt. This page could end up being a very popular area for the entire blockchain community.

social

 

Social is also incorporating public and private events that can be searched for and discovered by other users on the platform. This seems like a very powerful feature as there is no go-to area or website in the blockchain/crypto space for upcoming events and conferences. Social also stated that if a user is attending a public event, this will also be displayed on the user’s profile which could prove to be very beneficial. For example, if you’re wanting to know what events a particular user is attending over the coming month, simply visit their profile on Social and check out the events they marked as “Attending”. The team also stated that for privacy reasons, this feature will eventually be opt-in only as not all users want to publicly show where they will be.

social

 

Another amazing feature of their platform is the groups functionality. This is already a very familiar component within the social networking space, although Social have gone one step further and integrated marketplace and crowdfund areas specific to each group. For example, if the group was orientated around Ethereum, the marketplace could sell Ethereum based merchandise. Groups can be private (invite only) or public (join at any time) along with having a group chat option for instantly messaging all users within the group.

social

 

Social also decided to share their new logo for the first time within this new blog post.

“The logo represents Blockchain with the interlinking chains, along with incorporating an outline of an “S” in the middle. It’s fun, inviting and exciting.”

We definitely agree that it’s an eye-catching logo and suits the brand’s target audience well.

Even though their token sale finalized less than two months ago, it seems as if they have completed a fair bit of the platform already. The team states in a few other blog posts that they are ahead of their roadmap and their release schedule is pulled forward.

You can use the company’s current version of the platform (branded as their old name, “Nexus”) here – https://nexus.social/. The team stated that the current version will be deprecated and no longer supported while they fade it out, along with the Nexus name, and make way for version 2.0 that is scheduled for release in Q1 2018 alongside the new “Social” branding.

You can keep up to date with Social and all of their developments and updates via their blog on Medium, on Telegram or Twitter

The Japanese government’s legalization of bitcoin as a currency has led to a surge in mainstream adoption in the country, as major stores, merchants, and retailers have started to accept bitcoin payments.

Exponential Mainstream Adoption of Bitcoin in Japan

Over the past five months, some of Japan’s largest conglomerates including major budget airline operator Peach, leading electronics retailer Bic Camera, and the nation’s largest budget hotel chain Capsule have been accepting bitcoin payments by partnering with bitcoin and cryptocurrency exchanges.

The integration of bitcoin by Bic Camera has played a vital factor in triggering the increase in demand for bitcoin as a payment method within Japan, as unlike most countries, electronic retailers process the vast majority of electronics sales in the country, not e-commerce and online platforms.

More to that, several multi-billion dollar conglomerates have launched their own bitcoin exchanges with differing visions. Remixpoint for instance, a major electric grid operator in Japan, created Bitpoint, a bitcoin exchange, to process electricity and other utility bill payments from general consumers with bitcoin.

Currently, Nikkei, a Japanese business and finance news publication, estimates that 4,500 stores accept bitcoin as a major payment method. By the end of 2017, Nikkei revealed that the number could increase by five-fold, to 22,500.

In an interview with CNBC, bitcoin researcher Mai Fujimoto, who is better known as Miss Bitcoin, stated that smart and practical regulations by the Japanese government allowed general consumers in Japan to build trust in bitcoin and the cryptocurrency market.

“Many people have bitcoin now,” said Fujimoto. “Maybe we need time to use bitcoin [regularly] and [in the future] users will have to learn about bitcoin.”

Importance of Practical Regulatory Frameworks in Facilitating Rising Demand for Bitcoin

The approach of the Japanese government to regulate the bitcoin sector rather than to dismiss it has ultimately benefited both the government and general consumers, as it has created a more robust market which the government has, to a certain extent, control over, and users feel secure about their investments.

Previously, Yuzo Kano, the CEO of BitFlyer, the largest bitcoin exchange in Japan by trading volume with more than 800,000 active users, told Nathaniel Poppers of the New York Times that the Japanese financial market and the vast majority of its investors are extremely conservative when it comes to investments. But, he stated that once it is accepted by the public and the norm, conservative investors tend to go all-in.

Such trend has been evidently portrayed in the rapid adoption rate of bitcoin in Japan as a robust store of value, safe haven asset, and a widely acknowledged currency.

“Japanese people tend to be very conservative with their investments, but once they get triggered they go all in,” said Kano.

Auxledger, an enterprise-grade blockchain infrastructure currently powers over a dozen applications across different state governments of India is partnering with Cashaa to support All India operations.

One of the world’s largest blockchain networks

Auxledger enables organisations to quickly deploy a blockchain network and build their business logic on top of it. Auxledger aims to revolutionise a series of public and private sector use cases in India, including Identity Management, Remittance, Asset Management, Supply Chain, Wearables in Defence, HealthTech, Education, and Finance. Aside live applications, many proof-of-concept programmes have been run over Auxledger by EY, PwC, VISA, IIT Bombay for a range of different use cases.

Auxledger has the support from the State Governments of India and has enormous reach and potential, partnering with Cashaa offers an attractive boost in network effect and value for both platforms.

Auxledger is one of the offerings of Auxesis Group, a global leader in blockchain enterprise solutions who is ranked among the Top 100 Most Influential Blockchain Companies.

Auxesis Group was founded at IIT (Indian Institute of Technology) Bombay, India`s leading University, with which Auxesis partnered since to open India`s first Blockchain Lab.

“We are excited to support Cashaa, a proven blockchain use case & technology in India by providing Auxledger infrastructure. Together with the state Govt of India, Auxledger’s first implementation holds more than 53 Million Indians till date.” Akash Gaurav, CEO Auxesis Group

According to Cashaa Co founder Janina Lowisz “Auxledger’s live use cases include some of the largest in the blockchain sphere and impacts lives of millions. For Cashaa, Auxledger is the ideal technology for identity management, compliance and banking integration as it is meeting the specifications of BFSI and governments. Our revolutionary technology empowers millions of Indians living abroad who send more than 80 Billion USD every year to India, and more than that, it helps connect the Western population to the advantages of the world’s fastest growing economy with 1.3 Billion people.”

Cashaa: Global Banking Platform

Cashaa is currently holding a token sale in order to scale out its platform in order to reach those unable to access existing banking services and to offer a wider range of financial products to its existing customers across the globe.

CoMakery partnership

In addition to the partnership with Auxledger, Cashaa has announced a separate partnership with CoMakery, a US tech innovation business whose main project, CoMakery, includes a suite of tools for finding contributors, awarding token bounties and tracking contributions. Cashaa will use CoMakery to reward developers, entrepreneurs, strategists and community members who want to leverage the Cashaa network, with 5 % of Cashaa tokens allocated to a dedicated Community Development and Entrepreneur Initiatives Fund. 

Token sale

Cashaa’s token sale is Live. The project aims to sell up to 510 million Cashaa tokens out of a total of 1 billion Cashaa, with a hard cap of $32 million USD, having raised $4.2 million USD, therefore having reached its minimum goal of $2.5 million USD. At the time of writing, more than 100 million tokens have been sold. The standard token price is $0.10 USD, with bonuses available for early supporters. The public crowd sale began on 6 November and ends on 5 December.

For more information, visit www.Cashaa.co

Coinfirm, a global leader in blockchain AML/CTF and compliance is releasing a dedicated token, AMLT, to deliver one of the most needed solutions for blockchain adoption by allowing market participants to help determine the potential risk of others.

Coinfirm has been raising the standards of tech solutions for compliance in the blockchain and financial ecosystem through their AML/CTF Platform. The platform delivered a solution for AML/CTF needs for cryptocurrency and blockchain-related companies that allows for the safe adoption of cryptocurrencies and blockchain by players in the traditional economy. AMLT adds a new level of transparency to the ecosystem by acting as the mechanism allowing entities to rate and provide information on other market participants into the Coinfirm AML/CTF Platform, with AMLT as their reward for the valid data they provided.

Coinfirm already works with world-class partners and clients ranging from major virtual currency players such as Dash and RSK, to leading financial institutions such as SEI. As a key link in bringing virtual currencies and blockchain to the mass market and a wider range of organizations, Coinfirm is introducing AMLT, its dedicated token to build the next step towards ensuring transparency and democratization of the financial system.

The utility token set for sale later this year allows the holder access rights to the Coinfirm AML/CTF Platform as well as a range of prepaid products. AMLT helps build the global standard for AML/CTF compliant blockchain transactions and a secure, transparent and compliant economic system that promotes financial inclusion and fair treatment.

AMLT allows access to a reporting system that builds transparency and democratization into the cryptocurrency ecosystem. It does this by actively involving market participants globally in determining the risk of others in the network. For example, through AMLT, entities in “high risk” regions can also be evaluated based on the existing relationship and input of other market participants and have their risk lowered due to the positive feedback. Network members such as exchanges or payment processors can provide ratings and data on other market participants and cryptocurrency addresses to enrich data, potentially warn others about ransomware funds and be rewarded in AMLT.

In addition, the blockchain agnostic Coinfirm AML/CTF Platform supports a number of cryptocurrencies such as BITCOIN, DASH, ETHEREUM and ERC20/ERC223 tokens used in ICO’s. This will further help with compliance and vital regulations like anti-money-laundering and counter-terrorist financing across the blockchain ecosystem. This supports a major need of the token issuers as well as the banks that want to provide bank account facilities to them.

Widening Financial Inclusion in Cryptocurrency

One of the more important problems that AMLT looks to solve with the democratization model is financial inclusion. Because the current compliance system and related tools and processes are so ineffective, millions of individuals and entities are excluded from the financial system as a whole. Coinfirm’s platform helps solve this by not only taking compliance effectiveness and accuracy to a level unavailable in the traditional system, but also by providing a model with AMLT that allows market participants to value and rate others and bring a level of democracy to compliance. So with AMLT, an entity existing in a high-risk area can lower their risk and be accepted by more market participants because other market participants are able to provide data into the network that proves the entity is trusted and safe. Millions of excluded entities will now have the possibility to interact with the commercial financial ecosystem on a transparent and global level.

AML is a key link in Blockchain that helps businesses and users ensure transparency and safety to protect themselves and customers and helps them grow by solving one of the largest Blockchain needs – effective compliance and AML procedures. We’re redefining compliance and the financial system as a whole by democratizing it so that market participants can help determine the risk-profile of others. This gives power to individuals in the market and opens up the system to entities in regions and situations that previously couldn’t access it.” Coinfirm Co-Founder and CEO Pawel Kuskowski.

To be implemented into an already vibrant and active network of players through the Coinfirm AML/CTF Platform, AMLT will have a strong foundation with commercial adoption and use. AMLT has the goal of building an open financial system and bringing cryptocurrencies into the mainstream in a safe, efficient and effective way.

About Coinfirm

Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. A recognized leader in their field and among the most influential blockchain and regtech companies, the blockchain agnostic platform benefits not only companies operating around blockchain but also major financial institutions, asset management, and BI companies. In addition, Coinfirm develops dedicated blockchain solutions such as their data provenance platform Trudatum, currently being piloted for adoption by multiple financial institutions. Trudatum is easy to use blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data.

Find out more at http://www.coinfirm.io and http://www.trudatum.com