New Blockchain App For Quick Identity Verification To Help Protect Users' Data

A company has launched a new blockchain-powered identity verification app to help users avoid online fraud during internet transactions.

Blockpass also aims to counter the repetitive task of constantly entering proof of identity across different platforms, such as new bank accounts and travel document applications.

For future purchases or authentication, customers can scan their "Unique Blockpass QR code" on the merchant's website to verify their identity.

The set-up process for Blockpass users is also thorough.

The Blockpass platform will have its own integrated crypto in the form of the PASS token.

PASS will run on the Ethereum network, utilizing ERC20 and know your customer systems, and are all KYC tokens - in order for transfer, the token holder is subject to a Blockpass KYC check.

The exchange rate is 1 PASS = €0.10.In other recent developments, Blockpass has partnered with AgeChecked, which will help protect children online.

This University has created the Blockpass Identity Lab to research new methods of protecting data from online fraud, scams and hacking attempts.

The Blockpass team features a vast range of experience in blockchain technology.

The Blockpass app is available to download on both iOS and Android platforms.