June 28, 2017
Gaming is one of the most heavily regulated industries in the world, and being a pioneer requires particular care and attention given to existent requirements. Achieving full compliance is one of Quanta’s most important goals and the company recently took significant steps to ensure it through a strategic alliance with Coinfirm.
Recognized for their Blockchain Compliance & Analytics Platform, Coinfirm’s proprietary algorithms and big data analysis deliver structured actionable data that increases efficiency and streamlines compliance to near automation. Headquartered in London, the company is establishing industry compliance standards for blockchain transactions thanks to its combination of cryptocurrency and blockchain technology expertise with experience in major financial institutions, regulators, major tech companies and start-ups.
Quanta has enlisted Coinfirm to help identify and solve problems related to achieving and maintaining compliance and regulation. Through collaboration, API access and structured reports, Coinfirm will help Quanta develop strict AML and fraud prevention methods, streamline the compliance process and give Quanta the ability realize it’s massive opportunity according to compliance standards.
In addition to the specialized services provided and joint development, Pawel Kuskowski, the Co-Founder and CEO of Coinfirm will join Quanta as an advisor to intimately work with the project and ensure that Quanta becomes the first ever blockchain-based lottery that is fully compliant.
An entrepreneur, regulatory AML/CFT and compliance thought leader, Pawel is the former Global Head of AML/CFT/Sanction Functions in major international banks with over 14 years in the financial sector and is the Chairman of the Compliance Association of Poland. He is also an innovator in the application of blockchain technology in the financial system with extensive experience conducting global projects for international financial institutions and cooperating with supervisory authorities.
“Not only am I really glad Coinfirm is bringing compliance to such a great project like Quanta that will help push blockchain further in the mass market but I’m also excited to personally advise and work hands on with Quanta on their further development and growth. The collaboration of our two companies is another notch for this ecosystem and its development”, said Pawel Kuskowski.
Adam Vaziri, Chief Regulatory Officer, commented that “We are very impressed with Coinfirm’s leading accomplishments in establishing compliance standards for blockchain and are certain that their Blockchain AML & Compliance Platform, expert knowledge and guidance will ensure mainstream trust and adoption for Quanta.”
Together the two companies are not only bringing the worlds the first regulated blockchain based lottery but pushing blockchain ecosystem forward by further expanding the entrance of the technology as a new standard in more and more industries.
Coinfirm’s Blockchain AML & Compliance Platform uses proprietary algorithms and big data analysis to provide structured actionable data that increases efficiency, reduces costs and streamlines compliance to near automation. Recognized as a leader in their field and ranked among the most influential blockchain and regtech companies, Coinfirm serves as a foundation for the safe adoption and use of blockchain. Coinfirm also develops dedicated blockchain solutions such as their provenance and verification platform “trudatum”. Currently being piloted for adoption by multiple financial institutions, trudatum is an easy to use and adopt blockchain solution to register and verify the ownership and authenticity of any type of document, file, or data. www.coinfirm.io
Quanta is a pioneering technology company that develops and implements breakthrough, blockchain-based products and services. Quanta is currently preparing for the global launch of their premier product – Quanta Lottery. The first fully compliant blockchain lottery in the world, Quanta is built on the Ethereum blockchain, and utilizes smart contracts to ensure fully autonomous, manipulation-immune gaming. Developed with breakthrough RNG (random number generation), the first provably fair lottery can operate independently or by adopted as a white label solution. Quanta also actively researches the ways in which its proprietary technologies can be implemented by diverse fields and industries.