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Gatenox is a pioneering web3 and blockchain project aimed at redefining compliance in the crypto market through advanced Customer Due Diligence (CDD) solutions. It is designed to support virtual asset service providers (VASPs) by offering tools for efficient and transparent identity verification and credentials checks, including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. By using blockchain technology, Gatenox ensures secure and immutable record-keeping for VASPs, aiding them in meeting regulatory standards with less administrative effort. Gatenox stands out by transforming KYC onboarding into a seamless, user-controlled process that is fast, secure, and protects privacy. It addresses the inefficiencies and high costs associated with current KYC/AML processes by introducing a mobile identity wallet, allowing customers to securely store their data on mobile devices and control the sharing of personal information with businesses without third-party involvement. Businesses, in turn, benefit from frictionless customer onboarding with pre-checked and KYC verified data. Gatenox's initial market focus is the crypto sector, targeting 24,000 regulated companies inc...
Gatenox is a pioneering web3 and blockchain project aimed at redefining compliance in the crypto market through advanced Customer Due Diligence (CDD) solutions. It is designed to support virtual asset service providers (VASPs) by offering tools for efficient and transparent identity verification and credentials checks, including KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. By using blockchain technology, Gatenox ensures secure and immutable record-keeping for VASPs, aiding them in meeting regulatory standards with less administrative effort. Gatenox stands out by transforming KYC onboarding into a seamless, user-controlled process that is fast, secure, and protects privacy. It addresses the inefficiencies and high costs associated with current KYC/AML processes by introducing a mobile identity wallet, allowing customers to securely store their data on mobile devices and control the sharing of personal information with businesses without third-party involvement. Businesses, in turn, benefit from frictionless customer onboarding with pre-checked and KYC verified data. Gatenox's initial market focus is the crypto sector, targeting 24,000 regulated companies including crypto exchanges, DEFI, and NFTs, leveraging founders' extensive experience in mobile technology, the financial sector, security, and crypto compliance. However, its applicability extends to other regulated industries like finance, insurance, and medical, where the potential market value surpasses 200 billion USD. Gatenox is actively engaged with regulatory developments in Europe and globally with the Financial Action Task Force (FATF), positioning it at the nexus of blockchain technology and regulatory technology (RegTech) necessary for lawful and transparent operation in multiple jurisdictions.
Gatenox is a web3 project focused on compliance within the blockchain ecosystem, providing Customer Due Diligence (CDD) solutions for crypto market participants. It primarily serves virtual asset service providers (VASPs) by streamlining the process of complying with regulatory requirements. Gatenox ensures secure and efficient Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, essential for maintaining compliance in the cryptocurrency sector.
Gatenox revolutionizes the KYC onboarding process by making it seamless and user-controlled. Utilizing a mobile identity wallet, it offers a zero-cost, instant KYC onboarding experience. Users maintain control over their data, which is securely stored on their mobile devices, and shared directly with businesses, eliminating third-party intermediaries. This results in a fast, secure, and privacy-protected onboarding process.
For businesses, Gatenox offers frictionless customer onboarding with pre-checked, KYC-verified data, significantly reducing administrative burdens. Users benefit from having complete control over their personal data, which is stored securely and shared only with their consent. This user-centric approach enhances privacy and reduces the risk of data breaches associated with third-party involvement.
Traditional KYC/AML solutions often involve complex, costly, and inefficient processes. Gatenox simplifies this by providing an instant and costless KYC solution with its mobile identity wallet, ensuring that data management remains secure and under the user's control. It eliminates reliance on third parties, thus streamlining compliance and enhancing privacy and efficiency in user onboarding.
While Gatenox targets the crypto industry, particularly exchanges, DeFi, and NFTs, its KYC solutions are applicable across various regulated sectors such as finance, insurance, and medical industries. For instance, it addresses the banking sector, which presents a substantial addressable market worth over 200 billion USD, by offering compliant solutions amidst increasing regulatory requirements.
Gatenox utilizes blockchain technology to create a secure and immutable record-keeping system for compliance. This ensures that data related to Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures are securely stored and easily verifiable. By doing so, Gatenox helps virtual asset service providers maintain high compliance standards while minimizing administrative complexity and costs.
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