These banking-grade credentials, anchored on the KILT blockchain, aim to enhance regulatory compliance, security, and data privacy for participants.
Streamlined KYC Process by Deloitte
Deloitte issues the KYC credentials, trusted by multinational enterprises and governments globally. The credentials are securely stored on the KILT blockchain, offering an advanced level of regulatory compliance and data privacy.
Deloitte’s KYC credentials in Web3 present a more efficient and secure alternative to traditional methods. This innovative approach minimizes the time and resources typically required for identity confirmation in early-stage fundraising.
Empowering Data Ownership
Polimec’s collaboration with Deloitte signifies a step closer to a Web3 vision, where individuals control their data and identity. KYC credential holders can choose who holds their data, ensuring a more decentralized and community-focused environment.
Here we go – @DeloitteCH KYC Credentials are LIVE!
Four months after announcing our collaboration, we are delighted to deliver KYC Credentials and their first use case! https://t.co/Xcl6XOe5u7
— Polimec (@PolimecProtocol) November 9, 2023
KYC credentials cater to both natural persons and legal entities. For issuers, these credentials serve as authenticity certificates, instilling trust and accountability in fundraising rounds. Participants gain categorized access to Polimec as retail, professional, or institutional investors.
Revolutionizing Fundraising Practices
Polimec’s introduction of reusable KYC credentials revolutionizes fundraising by establishing a compliant and transparent environment. Issuers can offer contribution tokens to certified individuals/entities, reducing fraud risk. Participants save time and ensure project legitimacy by exclusively sharing KYC documentation with Deloitte.
KILT infrastructure ensures that KYC credentials can be verified at any time, and documented on the Polimec blockchain. This approach allows for regulatory-compliant, transparent, and secure transactions, preserving data privacy for all stakeholders.
Polimec went live as a Polkadot parachain in 2023, supporting projects in reaching fundraising goals. The collaboration exemplifies effective synergy between Protocols and Enterprises, fostering innovation and simplifying Web3 adoption.
Interested parties are invited to join the waitlist to stay updated on the upcoming possibilities to use KYC credentials in this new era of compliant DeFi.
This collaboration marks a significant milestone in creating a secure, transparent, and decentralized fundraising ecosystem for the digital asset space.