TokenMarket Joins Civic for First Webinar on Decentralised Identity

TokenMarket is pleased to announce that it will be delivering a webinar on decentralised identity with Civic on Friday 15th June. With limited availability, The debut webinar, titled Decentralized KYC for Token Sales and Initial Coin Offerings will allow participants to engage with and learn from experts in the industry. Civic Co-Founders, Vinny Lingham and Jonathan Smith are joined by TokenMarket CTO Mikko Ohtamaa for a discussion on Know-Your-Customer verification. The conversation will be focussed on Token Sales, ICOs and how this has evolved from a traditional, centralised format to a decentralised, user-controlled, reusable solution.

The basis of this first webinar will be to look at how trust can be established by switching from traditional knowledge-based protocols into possession-based protocols, minimising the risk of impersonations and hacks.

The aim of the decentralised and reusable KYC protocol created by Civic is to authenticate users without the need for usernames and passwords. Collecting the basic and minimum information needed for compliance purposes which will reduce the costs associated with storing personal information, saving businesses and individuals more money, whilst helping minimising illegitimate actors in the industry.

“I’m very excited to be on the panel with the Civic team. This webinar will be the first in a great series and will allow participants to get a more hands-on and professional approach into the world of decentralised KYC” Mikko Ohtamaa, TokenMarket CTO stated. “In the near future, we will be partnering with Civic to launch our new smart contract technology, KAI, that will increase ease and speed for ICOs by combining KYC/AML and Accredited Investor details into one place.”

 

“Working with TokenMarket, and in particular Mikko, will allow users to drastically improve their experience when using our automated and decentralised KYC system. Whilst KYC is an essential part of taking part in token sales and ICOs, users shouldn’t have to input the data every time” Civic CTO and Co-Founder, Jonathan Smith said. “Working together with TokenMarket will allow the processes in place to run smoother, delivering a new level of security and professionalism to the token sale process.”

This is the first in a webinar series that Civic will host on Decentralized Identity. Follow the www.civic.com/webinars page for more information on upcoming webinars.