31/01/2023 Alexander

GATENOX and the NEAR Foundation

GATENOX and the NEAR Foundation

We are pleased to announce that GATENOX has received a grant from the NEAR Foundation to integrate Corporate KYC (known as KYB) into the NEAR protocol.

The explosion of new era digital solutions and blockchains such as NEAR means the old ways of conducting business are being fundamentally disrupted. This creates opportunities and risks in the burgeoning Web3 era. Chief among these risks is not knowing who you are doing business with.

In a decentralised ecosystem, who can you really trust?

Regulated businesses have developed highly complicated and at times difficult to navigate client onboarding processes. This necessitates due diligence however that can and does take time, work and effort. All parties are disrupted in getting business done efficiently and effectively.

The friction this causes has a meaningful impact on trade and commerce. It can be the difference between opening an account or not; signing a lucrative agreement or not; and what is worse, it does not need to be that way. Until now.

Gatenox has been designed specifically with the Web3.0 era in mind and seeks to unlock its full potential for businesses. By combining the best of decentralised and centralised technologies, Gatenox is the fastest, most secure and reliable way to generate trust between businesses, organisations and regulated entities – by generating near real-time verification. By designing our systems to meet your know-your-client (KYC) requirements, Gatenox is the world’s leading provider of compliance for the Web3.0 era.

About NEAR

NEAR is a carbon-neutral layer-1 blockchain network that is scalable and secure thanks to its unique implementation of sharding called Nightshade. NEAR is built with a focus on usability and ease of use, for both developers and users.