Protocon Signed a Strategic Partnership with Regtank, a One-Prevent Instrument-as-a-Provider Compliance Answer Supplier

SEOUL, South Korea, Sept. 05, 2022 (GLOBE NEWSWIRE) — On September fifth, Protocon, a blockchain mainnet venture, signed a strategic partnership with Regtank, a threat control answer carrier founded in Singapore.

During the partnership, the 2 events will cooperate on a) Fostering a synergy thru generation and ecosystem integration b) Increasing the trade and advertising and marketing box c) Strengthening the community by means of sharing specialised data, generation, and information.

Safety has emerged as a big factor within the blockchain business as hacking assaults geared toward safety vulnerabilities, like the new Phantom Pockets scandal and bridge hacking, have greater. Cryptocurrency, which is characterised by means of anonymity, will also be abused for odd transactions, akin to cash laundering, financing of terrorism, and fraud. Fighting the above acts can be very important in increasing the blockchain ecosystem.

Blockchain-related products and services like exchanges, wallets, and Dapps function on a community referred to as the mainnet. Those products and services normally factor tokens that can be used throughout the products and services. Then again, with out security features, issuing extra tokens to the community will increase threat. It’s changing into more and more essential to introduce safety answers akin to tracking transaction information, figuring out investment assets, and threat screening in growing and keeping up a secure blockchain ecosystem.

Protocon will undertake a safety answer from Regtank to verify the safety and security of the community for the legit operation of the mainnet. Regtank’s answer of complete threat research and detection in accordance with real-time database research and unlawful fund automation screening will immensely building up the stableness of the blockchain ecosystem. In response to the above answers, Protocon is making plans to construct a community secure from all inner and exterior assaults.

Adopting a risk-based manner (RBA) incorporating each KYC, KYB, and KYT right into a unmarried consolidated platform. Regtank is widely known for innovating a complete and advancing AML/CFT sensible threat evaluation engine that may robotically classify the danger of people adapted to the danger matrix of the shoppers. It basically supplies threat evaluation and control, threat screening, transaction tracking, and investment supply identity answers. Regtank Era used to be awarded second Position at SFF World FinTech Awards 2021 (ASEAN FinTech) introduced by means of MAS right through the Singapore FinTech Competition 2021.

Protocon is a public blockchain venture construction a Web3-based Layer 1 blockchain generation. Protocon first began its building in 2019 and is now making plans to begin running its testnet by means of This fall 2022 and can open the mainnet by means of the tip of subsequent yr. Protocon’s personal ‘Contract Fashion’, an alternate for Good Contract of Ethereum, and ‘Reality Hash’ has received momentum as it might probably connect with different blockchains with none liabilities or safety problems.

 


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