SINGAPORE, May 17, 2018 – ENDO Protocol, the increasingly renowned decentralized certified data verification solution, has today announced the platform’s technical readiness to fully integrate internationally recognized Know Your Customer (KYC) and Anti-Money Laundering (AML) policy services, as well as entire information databases of universities and archives worldwide. Interoperability of the ENDO Protocol and such services and institutions promises to change the certified data verification industry.
Today, businesses, government, and educational institutions, as well as individuals are being increasingly challenged by certified data verification issues. These include matters not only related to hacking and data loss risks, but also due to the fact that data is not protected against information substitution, deletion, and modification without encryption and decentralized storage.
Moreover, increasing problems are connected to the matter that verification processes differ in scope and type of data, as each agency, state government or institution have their own mechanisms for verifying information, different deadlines, and different methods for filing and filling documents (which also leads to unnecessary costs, including the certification of translations). Even if data is confirmed and easily verified, the information itself is transmitted throughout completely different channels and is collected from different…
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