Dundalk, Ireland & Auckland, NZ, October 4th, 2018
GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has announced that it has awarded SingleSource, the New Zealand pioneer in decentralised risk scoring and identity verification, the GECKO Stamp of Attestation.
SingleSource’s vision is to support a safer and fairer marketplace for the individual to transact with businesses so that they receive the best value for the service, while enabling organisations to trust the individual and eliminate financial fraud. Their decentralised risk scoring and identity protocol puts the individual in control of their own personal data by leveraging blockchain technology.
GECKO Governance CEO Shane Brett said, “SingleSource is leading the way in providing world class individual control over the use of risk score data and provides organisations with the ability to contribute to, and securely access, this data to make informed business decisions. GECKO Crypto1 has completed a detailed compliance and due diligence review covering of all aspects of the project, and we are delighted to officially award the GECKO Stamp of Attestation to SingleSource.”
Brett added, “We are the first in the market to offer this crypto compliance service, and are highly satisfied with the level of engagement and collaboration with the SingleSource team. This stamp will be the second of what we hope is many awarded to ICO and crypto projects that want to act in the most transparent, compliant manner possible”.
The GECKO Stamp of Attestation provides investors with transparency, compliance and accountability into their crypto investments. The stamp is awarded to crypto projects that meet GECKO Crypto1 governance standards of ICO compliance. The solution includes all published crypto rules from global jurisdictions and also incorporates the “best practise” governance framework from the independent industry non-profit ICO Governance Foundation.
SingleSource Co-Founder & CEO Kelvin Chandran said, "We are striving to establish SingleSource as the standard KYC (Know Your Customer) and AML (Anti-Money Laundering) platform for the crypto industry. Going through the process of being awarded the GECKO Stamp of Attestation enabled our team to lead by example and demonstrate our commitment to self-regulation, compliance and governance at the highest standards.”
“Our experience working with the GECKO team has been great and very painless. If you're working in this space, you'll understand the pain of operating in an environment that has very little concrete guidance in terms of the regulatory environment. GECKO brings an element of true north to the process, helping to ensure that everything you’re doing around your company and project is watertight, which has been very helpful for us," concluded Chandran.
About GECKO Governance
GECKO Governance, the world’s first Blockchain RegTech regulatory solution for financial compliance, has expanded its existing service offering in bank and fund compliance by creating a platform that will ensure ICOs and Token Sales are regulatory compliant from start to finish.
The new GECKO Crypto1 platform is open to the entire ICO and Token Sale ecosystem, and thus enables ICO and Token Sale projects to be vetted by investors while providing an independent audit trail for regulators. It is implemented on a blockchain to ensure trusted, secure, decentralised compliance across the entire ecosystem of data providers and consumers. In order to power this new platform, an ERC20 standard (GECKO) token will be created and distributed to network participants.
SingleSource Platform Pte. Ltd (“SingleSource”) provides a decentralised risk scoring and identity protocol that puts the individual in control of their own personal data by leveraging blockchain technology. Our vision is to support a safer and fairer marketplace for the individual to transact with businesses so that they receive the best value for the service, while enabling organisations to trust the individual and eliminate financial fraud. SingleSource is powered by Centrality, one of the world’s leading, blockchain venture studios.