Description
Shyft Network is a blockchain-based platform dedicated to secure and compliant data sharing among individuals, businesses, and governments. Launched in 2017 in Barbados, Shyft Network aims to enhance trust and compliance within the web3 ecosystem by providing a decentralized framework for identity verification and data sharing. Its core mission is to embed trust across both public and private networks using a federated network of validators to ensure compliance with KYC and AML standards, while preserving privacy and security. Utilizing its native token, SHFT, the network supports secure transactions and DeFi services. With a focus on integrating mainstream financial markets with blockchain technology, Shyft Network is developing regulatory-compliant tools like Veriscope, aiding the adherence to FATF Travel Rule. The project, which has quickly expanded since its token release in 2021, has a total token supply of 2.52 billion, with over 2.23 billion in circulation, enabling active trading across multiple markets.
Shyft Network is a blockchain-based platform dedicated to secure and compliant data sharing among individuals, businesses, and governments. Launched in 2017 in Barbados, Shyft Network aims to enhance trust and compliance within the web3 ecosystem by providing a decentralized framework for identity verification and data sharing. Its core mission is to embed trust across both public and private networks using a federated network of validators to ensure compliance with KYC and AML standards, while preserving privacy and security. Utilizing its native token, SHFT, the network supports secure transactions and DeFi services. With a focus on integrating mainstream financial markets with blockchain technology, Shyft Network is developing regulatory-compliant tools like Veriscope, aiding the adherence to FATF Travel Rule. The project, which has quickly expanded since its token release in 2021, has a total token supply of 2.52 billion, with over 2.23 billion in circulation, enabling active trading across multiple markets.
