Protocon Signed a Strategic Partnership with Regtank, a One-Prevent Tool-as-a-Provider Compliance Resolution Supplier

SEOUL, South Korea, Sept. 05, 2022 (GLOBE NEWSWIRE) — On September fifth, Protocon, a blockchain mainnet undertaking, signed a strategic partnership with Regtank, a menace control answer carrier founded in Singapore.

In the course of the partnership, the 2 events will cooperate on a) Fostering a synergy thru generation and ecosystem integration b) Increasing the industry and advertising and marketing box c) Strengthening the community via sharing specialised knowledge, generation, and information.

Safety has emerged as a significant factor within the blockchain business as hacking assaults aimed toward safety vulnerabilities, like the new Phantom Pockets scandal and bridge hacking, have greater. Cryptocurrency, which is characterised via anonymity, can also be abused for ordinary transactions, akin to cash laundering, financing of terrorism, and fraud. Combating the above acts could be very important in increasing the blockchain ecosystem.

Blockchain-related services and products like exchanges, wallets, and Dapps perform on a community referred to as the mainnet. Those services and products typically factor tokens that can be used throughout the services and products. Then again, with out security features, issuing extra tokens to the community will increase menace. It’s turning into an increasing number of essential to introduce safety answers akin to tracking transaction data, figuring out investment resources, and menace screening in growing and keeping up a secure blockchain ecosystem.

Protocon will undertake a safety answer from Regtank to make sure the safety and security of the community for the authentic operation of the mainnet. Regtank’s answer of complete menace research and detection in accordance with real-time database research and unlawful fund automation screening will immensely build up the steadiness of the blockchain ecosystem. In accordance with the above answers, Protocon is making plans to construct a community secure from all inside and exterior assaults.

Adopting a risk-based way (RBA) incorporating each KYC, KYB, and KYT right into a unmarried consolidated platform. Regtank is widely known for innovating a complete and advancing AML/CFT sensible menace evaluate engine that may robotically classify the danger of people adapted to the danger matrix of the shoppers. It basically supplies menace evaluate and control, menace screening, transaction tracking, and investment supply id answers. Regtank Era was once awarded 2d Position at SFF World FinTech Awards 2021 (ASEAN FinTech) offered via MAS right through the Singapore FinTech Competition 2021.

Protocon is a public blockchain undertaking construction a Web3-based Layer 1 blockchain generation. Protocon first began its building in 2019 and is now making plans to start out running its testnet via This fall 2022 and can open the mainnet via the tip of subsequent yr. Protocon’s personal ‘Contract Fashion’, an alternate for Good Contract of Ethereum, and ‘Truth Hash’ has won momentum as it might hook up with different blockchains with none liabilities or safety problems.

Media Touch:
[email protected]