Blockpass Whitepaper

The world is becoming more connected, and recent accelerations in
the development of blockchain technologies attest to this fact. Now,
quickly approaching, is Web 3.0, the next generation of the internet,
where on-chain (blockchain) services will be accessible alongside their
online counterparts, where profit and value centers will be shared
across open networks, and where everything will be connected.
Whereas today internet-based industry is centralized, and goods and
services must be obtained through a third party (e.g., Amazon, Uber,
Airbnb), Web 3.0 users will be able to go online to access services that
have eliminated centralized forms of organization and that operate
through decentralized applications (Dapps). Over time, these Dapps,
owing to shared-cost infrastructures and a growing demand among users
for data security, will outcompete the centralized applications, and a new,
decentralized economy will come to the fore.
To make this Web 3.0 vision fully feasible, the blockchain industry – and the
blockchain networks themselves – require the support of compliance tools.
The starting point for the creation of these compliance tools is a know-yourcustomer (KYC) solution – a method for blockchain service vendors to
confirm the identity of their customers. This setup will streamline the
accessing of blockchain services for users and drive down compliance
costs for blockchain merchants, who are facing ever-increasing regulatory
demands. In the Internet of Things, KYC
is the first step, as it enables the digitally registered ownership of things Blockpass Website
Blockpass Whitepaper