IAMX is delighted to announce a partnership with NuNet, a global economy of Decentralized Computing.
With the NuNet solution, the wealth of unused computing power and data scattered across computers, mobile phones, wearables, and other devices becomes a resource to rent out to other actors. NuNet is targeting both private individuals and businesses.
In order to prevent malicious activity and protect against liability, providers need a way to verify to whom they are renting their computing power. This can only be reliably achieved through a KYC/KYB registration.
With the IAMX integration providers of computing power can ensure that the ones renting have been through a legitimate KYC/KYB verification. This will effectively expose bad actors, discourage fraud, and ultimately protect NuNet users from liability.
On Tuesday, December 20th, 2022, our “Identity Lounge” Twitter Space returns with special guest V. Kabir Veitas, Co-Founder NuNet.
Background:
A “Know-Your-Customer” registration is the collection of necessary information to verify the identity of prospective customers. Good KYC practices help to identify and mitigate risk in many circumstances, including identity theft, money laundering, financial fraud, and more. Where KYC practice involves relationships between businesses and customers, “Know-Your-Business” practices are employed to mitigate risk and create trust when establishing business relationships.
Did you know?
On December 1st, 2022, IAMX became the first company in the world to connect a DID (Decentralized Identifier) to a regulated KYC / KYB verification with a fully GDPR-compliant approach.
Learn more:
https://medium.com/iamx-own-your-identity/iamx-is-celebrating-a-world-premiere-8299f6c5aa2a
About IAMX:
IAMX is a token-based Self-Sovereign Identity and authentication protocol that empowers individuals with the means to own their identity. Adhering to the strictest of regulatory standards for identity protection, IAMX builds on the foundational principles of SSI to provide a robust and secure system where individuals are able to take control and manage their identity. Users of IAMX will realize significant time and cost savings through novel approaches to identity management and ecommerce transactions, like 1-click fulfillment, which are legally binding and maintain local regulatory compliance. With users in control of their identity data, time-consuming processes like Know Your Customer (KYC) or Know Your Business (KYB) become near instant, highly secure transactions.
About NuNet:
NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain.
Learn more about NuNet: https://linktr.ee/nunet
