HashKey DID Collaborates With Alibaba Cloud For Know-Your-Customer (KYC)

HONG KONG, April 13, 2023 — HashKey DID, a Web3 decentralised identity data aggregator, is thrilled to announce its partnership with Alibaba Cloud on Know-Your-Customer (KYC). This collaboration aims to provide Web3 users with access to compliant Web3 platforms.

After the strategic partnership between HashKey Group and Alibaba Cloud in March 2023, this new collaboration comes as a significant step forward.

HashKey DID is extensively used in Web3 applications as an identity data aggregator. However, Web3 team requires reliable KYC services to:

  1. verify the user identity in order to safeguard themselves from malicious cyber activities such as Sybil attacks;
  2. verify DEX and Web3 wallet users to ensure that users meet regulatory requirements and comply with anti-money laundering (AML) regulations;
  3. verify the identity of DeFi players to make sure that the capital from traditional industry is risk-free;
  4. verify the identity of DAO participants to make sure their voting and governance activities are rule-binding, etc.

Answering the call of the Web3 projects and communities, HashKey DID and Alibaba Cloud are joining forces to provide a competent KYC service that not only protects Web3 projects from cybersecurity threats but also meets the KYC needs of existing Web3 applications and users.

ZAN eKYC on Alibaba Cloud provides an AI-based digital authentication solution to quickly and securely verify and authenticate end-users through biometric technology. It supports mainstream documents and proprietary anti-spoofing algorithms for compliance needs, user experience, and capital losses reduction, which earned high recognition from communities.

Integrating ZAN eKYC on Alibaba Cloud, Hashkey DID can provide a trusted authentication solution with higher security and better user privacy protection.

Meanwhile, HashKey DID and Alibaba Cloud are working closely to introduce more features such as Credit Score and smart contract review.

Stay updated on the latest news and developments by following HashKey DID on social media.

About HashKey DID

HashKey DID is a multi-chain decentralised identity data aggregator powered by smart contract, NFT, and privacy protection decentralised protocol to provide identity services to Web3 users. As an essential Web3 infrastructure in the HashKey ecosystem, the fundamental goal of HashKey DID is to build a community governed HashKey DID DAO together with users.

About HashKey Group

HashKey Group is an end-to-end virtual asset financial services group in Asia. The Group provides a complete ecosystem across the entire virtual asset landscape, ranging from trading, custody, venture investment, technologies to Web3 infrastructure. HashKey’s senior team has decades of investment and trading experience and deep market insights gained from tier-one banks, regulators and FinTech ventures. By bringing together the most advanced blockchain research and development and technologies, HashKey identifies potential opportunities and delivers end-to-end solutions that operate within regulatory frameworks with the highest compliance standards. The Group has operations in Hong Kong, Singapore and Japan, and extensive partnerships with FinTech and blockchain solutions providers, academic institutions and associations.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (www.alibabacloud.com) is the digital technology and intelligence backbone of Alibaba Group. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. Alibaba maintained its position as the third leading public cloud IaaS service provider globally since 2018, according to IDC. Alibaba is the world’s third leading and Asia Pacific’s leading IaaS provider by revenue in U.S. dollars since 2018, according to Gartner.

About ZAN
Secure Your Business, Optimize Your Build. ZAN(https://zan.top/home) provides the most reliable Web3 service and development platform for your Web3 Endeavors. ZAN product family includes ZAN eKYC, ZAN KYT, ZAN Smart Contract Review, ZAN Node Service, and more products are on the way. So far, ZAN has published about 40 flagship conference papers.