Ontology partners with 4Stop to boost Id authentication 24174 Ontology and 4Stop
News
Rakesh Ranjan Parashar
Sep 28, 2018 at 4:47 AM

The much talked about and famed public blockchain project, Ontology has joined hands with 4Stop to develop Know Your Customer service system on the Ontology trust ecosystem. The aim of this collaboration is to work together towards providing digital identity services, further enriching Ontology’s trust ecosystem, according to the statement released by 4Stop on Thursday.

The press release goes on to say that 4Stop is delighted to be a part of this endeavor that integrates global certification sources and verifies people, assets, and objects.  Ontology's "real economy" strategy is to deliver robust and comprehensive multi-source identity portraits that enable stronger trust cooperation and efficiency in real-world use case scenarios.

This cooperation will help the public blockchain platform to utilize 4Stop’s expertise in Know your Customer (KYC) services, further ensuring that blockchain industry continues to advocate trust as an emerging technology.

4Stop is one of the leading Know-Your-Customer (KYC) compliance service providers based in Koln, Germany. It offers an all-in-one solution for KYC integration that can be deployed live with just one API. The company will provide the necessary services that include validation, verification, and authentication of people.

Speaking on this latest collaboration which is bound to open new vistas of opportunities for both the stakeholders, Ingo Ernst, CEO of 4Stop said:

"With the ever-evolving adoption of blockchain technology, we are very excited to be part of Ontology's innovative blockchain project by providing them with further KYC services to verify and authenticate personal data across the globe. Creating a mainstream, standardized, and easily accessible compliant and trusted infrastructure is something we are both passionate about, and we look forward to future developments."

Ontology has been in the news lately, with the company announcing its partnership with TOP Network to build a communication network ecosystem at blockchain application level on September 17.

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