Shyft Network
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Shyft Network

Shyft Network: February-Early March Recap

The Shyft DAO launch, Lunar New Year Campaign, Worldpay Partnership (and panel), and more from the last month!

The Shyft DAO is Live

The Shyft DAO was officially voted on by the community and created last month! Following the initial rollout, the DAO is currently in the process of electing its seven key signers, including three signers who will come from the Shyft Network community. Catch up on the first three DAO blog posts, which have all of the information you need to know regarding the DAO’s purpose, proposal and voting process, committee structure, and more.

For information on the current key signers election and candidates please head to our Discord.

Introducing the Shyft Network DAO

The Shyft Network DAO: How to Get Involved

Calling the Shyft Network Community: We Need 3 Key Signers for the Shyft Network DAO!

Lunar New Year NFT and $SHFT Giveaway

Last month, we held our latest community giveaway to celebrate the Lunar New Year. Shyft Network gave away a rare Fang Gang NFT to one lucky Shyftoshi (Discord member leroyjenkins#8606), awarded 4,500 $SHFT tokens through daily drops, and 1,000 $SHFT tokens to the second-place winner, Discord member Tamas #0452. Thanks to everyone who participated in the campaign. Stay tuned for our next community giveaway in the coming weeks!

Veriscope Readies for Launch

Veriscope, Shyft Network’s Travel Rule solution, is getting ready for a mainnet launch with integration from some of crypto’s largest exchanges and VASPs. To get the compliance and crypto community prepared for the big day, we published a primer article on why Veriscope is the best Travel Rule solution out there.

Make sure to stay connected across our blog and social channels as we continue to publish more informative content on Veriscope and how its ability to solve the FATF “Sunrise Issue” makes it the strongest industry solution for CCOs and VASPs alike.

DLA Piper and Worldpay Partner with Shyft Network

In an exciting milestone for the crossroads of crypto and the traditional legal industry, global law firm DLA Piper and digital asset creating platform TOKO will join the Shyft Federation and begin formally attesting to the Shyft Network blockchain. Read the full news here.

Additionally, through the partnership with DLA Piper, TOKO will also become a federation member for Veriscope, meaning that parties can establish data sharing rules and meet the multi-jurisdictional requirements necessary for adhering to global standards, including the AML/KYC requirements of the FATF Travel Rule, while simultaneously adhering to GDPR and other data privacy guidelines.

Speaking of milestone cross-industry partnerships, last week, we announced that Worldpay from FIS, the world’s largest payments processor, will also become a member of the Shyft Federation! Worldpay will be running some of the federation nodes used by Shyft Network to validate transactions and provide data attribution. Moving forward, Worldpay will also be involved in Veriscope.

“It’s about how we bridge the crypto world and the traditional world,” said Shyft co-founder, Joseph Weinberg. “Having institutions like DLA Piper or Worldpay being able to cross-verify these types of entities really helps establish on-chain trust in ways that we’ve never seen before.”

Read the full Worldpay announcement on CoinDesk. Also, be sure to check out Joseph Weinberg and other key names from the global crypto industry talking compliance, FATF regulation, and the Sunrise Issue in a panel from London.

Thanks for catching up on the last month at Shyft! Stay connected via our socials below as we near the Veriscope launch and continue growing the Shyft DAO!

— The Shyft Network Team

About Shyft Network

The Shyft Network aggregates and embeds trust into data stored on public and private ecosystems, allowing an opt-in compliance layer across all systems. The key pillar for Shyft is user consent, allowing users to track the usage of their data. Therefore, no one can use personal data without consent from the owner. The Shyft Network allows and gives incentives to individuals and enterprises to work together to add context to data, unlocking the ability to build authentic digital reputation, identity, and credibility frameworks.

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Shyft Network

Shyft Network

Shyft Network is a public protocol and attestation network designed to validate identity and power compliance directly into blockchain data.