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www.blockpass.org | [email protected] | @blockpassorg

What is Blockpass?

Blockpass is a blockchain identity protocol for the connected world - the Internet of

Everything.

The goal of Blockpass is global realization of identity for the Internet of Everything. Through the use of blockchain

technology and smart contracts, Blockpass is a production ready Regtech platform offering shared regulatory and compliance services for humans,

companies, objects and devices. As this identity system supports verification of humans (KYC), objects (KYO) and connected devices (KYD), it will enable the development of new applications that rely on a trusted

connection between human, corporate, and device identities. www.blockpass.org | [email protected] | @blockpassorg


What does Blockpass do?

A safe passport for a connected

world.

A secure conduit between individuals,

services, objects, and devices.

Blockchain based identity for everything.

A verification oracle for statements made by persons or things.



Compliance Realities...No one likes compliance or KYC.

It takes time It interferes with on-boarding customers

It interferes with switching between merchants It increases costs


Problems - Crypto-Compliance 1

What large-scale problem are we

solving?

Blockchain will change the world but the process is early and uncertain.

Needs Identity Protocol to allow for compliant interactions on public/ permissionless blockchain protocols.

Compliance creates costs for blockchain businesses.

Identity verification take several days to complete, therefore causing significant barriers to entry and slowing down user onboarding.


Problems - Crypto-Compliance 2

What problems regarding public blockchains we

are solving?

Bitcoin and other blockchain-based digital currencies can allow for easy money laundering (ML) and terrorist funding (FT) because there is no identity protocol is embedded in public blockchains.

“Virtual currency transactions, given their anonymous nature, are particularly vulnerable to ML/TF risks.” -MAS Singapore, 13 March 2014

The cost of compliance for blockchain businesses is extremely high. They can represent ⅕ of their total operating costs.

“At Coinbase, about 20% of our staff works on compliance in some form.” -Coinbase


Problems - ICOs

What problems regarding ICOs are we

solving?

Initial Coin Offerings (ICOs) raise significant funds, but do so without any Know Your Customer (KYC) verification efforts. ICOs prohibit US investors but are anonymous so have no way of verifying if US persons are involved.

Examples:

Tezos and EOS, have raised over USD200 million completely anonymously.

SEC stated that The DAO fundraising violated securities laws last year.

In Singapore: “ICOs are vulnerable to money laundering and terrorist financing (ML/TF) risks due to the anonymous nature of the transactions, and the ease with which large sums of monies may be raised in a short period of time.”


No solutions to these problems presently exist, therefore...

Blockpass will offer a way to:

Help blockchain businesses reduce their compliance costs.

Protect the identity and personal data of the user of the system.

Systematically address blockchain's need for regtech and identify verification.

Provide privacy in the form of an identity verification system that is compliant with next generation data protection regulations.



The Blockpass ProtocolOperates like a franchise

Relies on technology owned by the Blockpass Foundation which licenses the protocol technology to entities that operate their own Identity Network service (IDN)

Is first IDN system for the Ethereum public network



The Blockpass Foundation

Operates like a franchise

Incorporated and regulated in the Isle of Man

As a foundation, as opposed to a company, no shareholder conflicts

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Blockpass IDN Immediate Product Features

Developers will be able to design standard tokens that plug into Blockpass Protocol meaning that the transaction can be performed and achieve full compliance in minutes.

Using the protocol, Ethereum blockchain startups will be able to launch a fully compliant token into the market that allows for transfers of KYC members of Blockpass.

Digital Currency exchanges and other digital currency merchants will be able to sign up to the Blockpass IDN with a ‘single sign-on’ for Blockpass users. This means that exchanges and other blockchain merchants will reduce their on-boarding cost substantially.


Digital Currency Road Map

Once the IDN has proven to be sustainable, Blockpass Foundation will licence the protocol to other IDNs. Those IDNs may specialise in certain protocols such as Bitcoin or EOS, or may be industry specific such as Shipping or Notarial services

From the funds raised selling Passes, Blockpass Foundation will provide a loan to Blockpass IDN to launch the first IDN

The Blockpass Foundation will sell Passes - the digital currency of the Blockpass Protocol

The Blockpass Foundation will promote interoperability between IDNs that should lead to ‘one ID for all chains’

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Future Development Path

The Blockpass Foundation will ensure

that the Blockpass protocol will cover

connected humans, legal persons,

devices and objects

Once the IDNs are able to promote

on-chain compliance for humans, then

the same can be extended to object or

machine to human to machine

interaction, thus achieving the greater

purpose of the Blockpass Protocol:

seamless, secure and compliant

interaction between humans and

machines.

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Immediate OutcomesBlockpass IDN is going to:

Reduce the cost of compliance significantly for blockchain merchants

Make compliance attractive for users through incentive ‘mining’ schemes

Make public blockchain use safe and compliant Protect the personal data of users

Create a platform for the development of compliant, decentralised applications

Build a seamless protocol for interoperability between on-chain identities

Create a seamless and secure environment for human to device interactions

Welcome to the new era of public blockchain development!


User Story - On Chain VerificationAlice wants an online ID to connect rapidly with online merchants.


User Story - Internet of EverythingDecentralized Autonomous Utility (DAU) - Bob wants to lease energy from solar panels


User Story - Internet of EverythingDecentralized Autonomous Utility (DAU) - Bob wants to lease energy from solar panels

1. A solar panel is manufactured and receives a Blockpass device birth identity.

2. This device identity is then owned by the merchant identity that commissioned it. This ownership gives the merchant full custody of the device and can thus automatically turn the solar panel on or off.

3. Bob then uses Blockpass to establish a strong identity verification (KYC/AML) that he is a real person. Bob can use this identity to enter a smart contract with the merchant to rent and slowly buy the solar panel. He initiates daily utility payments.

4. In turn, the smart contract verifies the payments are complete and thus the merchant continues to allow permission to Bob to access the solar panel.

5. If Bob fails to pay, the access to the panel is revoked until a payment is made. Over the course of this smart contract, Bob can eventually pay off the panel and the company will securely transfer full ownership of it to him.


BlockchainBuilt on Ethereum Blockchain

Ethereum blockchain stores most of the business logic of Blockpass

Identities are stored in a smart contract with built-in recovery procedures.

Blockpass will maintain several whitelists of addresses already verified in smart contracts

Payments to access verified information is made with Passes

https://github.com/blockpass-org



System ArchitectureBLOCKPARSER SYSTEM & Application Program Interfaces (APIs)


Registration Workflow

Alice Blockpass Merchants

Alice register Blockpass to get her information verified.She can then register swiftly any Blockpass-compatible merchants.


Prototype



Corporate Structure

FOUNDERS

BLOCKPASS FOUNDATION

To be licensed in Isle of Man

BLOCKPASSIDN

Licensee of the foundationPerform verifications of human and corporate identities

FUTUREIDN

Licensee of the foundation

FUTUREIDN

Licensee of the foundation


Blockpass IDN Board Members & Advisors

BOARD MEMBERS

Hans LombardoCMO

Thomas LeiritzCTO

ADVISORSSergij FoskiCOO at GateHub Limited

Adam VaziriCEO

Dr. Mihai CimpoesuFounder & blockchain developer


Chain of Things (CoT)CoT was formed by a group of technologists at the nexus of IoT hardware manufacturing and alternative blockchain applications. At the base of the chaotic IoT supply chain and manufacturing stack, we saw a clear threat to the future stability of IoT. Chain of Things is setup to explore all security and interoperability applications within blockchain IoT and look at the development of open-standards for the industry to use. Additionally, our strategy is to organize global events involving industry participants and case studies to test the existing technology and explore practical applications within various verticals.

www.chainofthings.com

Hans LombardoAdam Vaziri


Infinity Blockchain Labs (IBL)IBL is a visionary R&D company engaged in intermediary and RegTech services employing blockchain technology. Infinity Blockchain Labs focuses on forming alliances with established businesses and regulatory institutions across various industries, as well as providing collaborative incubation for early stage blockchain projects. Infinity Blockchain Labs aspires to empower Vietnam to become the global leader in blockchain research and development.

www.blockchainlabs.asia

Thomas Leiritz

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