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AMLT UPDATE: Onboarding of 1st Commercial Network Member

Aug 27, 2018

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Recognized as a global leader in RegTech for blockchain, Coinfirm serves as a foundation for the safe adoption and use of blockchain. The Coinfirm AML/CTF Platform uses proprietary algorithms and big data analysis to provide structured, actionable data that solves compliance and transaction risk issues in blockchain and cryptocurrencies. The blockchain agnostic platform is currently used by anyone ranging from major financial institutions to exchanges. In addition, Coinfirm develops dedicated blockchain solutions such as the data provenance platform Trudatum that was recently integrated by the largest bank in CE.

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Big technical success and another notch completed on the AMLT Short Term Roadmap!

We just used the AMLT Network Member Beta Panel to onboard TokenMarket and created a video of the process for you that also serves as a guide for future Network Members wanting to onboard themselves. As previously noted, some aspects of the Panel UI, UX and functionalities may change to provide the best solution and experience for the Beta Launch coming up.

For those who don’t know, TokenMarket, an industry leading service provider and launchpad for ICOs has been a partner and client of Coinfirm for quite some time now. Together with TokenMarket, the AMLT Network is building a data provision network to protect ICOs, ICO platforms, contributors, as well as the token economy as a whole. In the video below you can see the live process of onboarding a Commercial AMLT Network Member, in this case our first official onboarding, TokenMarket.

Steps are explained in the video below👇

1. After creating a profile either through the AMLT or Coinfirm site, a user can begin the Network Member through the AMLT Network Beta Panel.

2. After a short description TokenMarket was prompted to proceed to the KYC form through a unique link or email.

3. As TokenMarket is a commercial entity they chose a Corporate KYC form.

4. TokenMarket fills out, attaches necessary docs and submits the form.

5. After review and approval by our KYC department, TokenMarket is prompted to submit their AMLT address for verification of holding a min. of 50k AMLT.

6. TokenMarket submits their address and appropriately marks it as “AMLT address”. The AMLT Panel automatically recognizes whether the addresses holds 50k AMLT or more.

7. In the top left of the AMLT Panel you can now see that TokenMarket has been accepted and onboarded as an AMLT Commercial Network Member.

8. The address is automatically added to the Network as submitted data and will have a reward determined for the monthly distribution determined once processed by Coinfirm.

Below you can find our infographic on how the AMLT Network works.

Next week we’ll be giving the entire AMLT Community an update, launch of the Crypto Stats of the Month series, as well as a sneak peek into our Long Term Roadmap in addition to our weekly content like Crypto Alert of the Week!

Stay tuned!
If you're interested in partnering with Coinfirm or becoming an AMLT Network Member then contact us!

Thank you for your continued support and make sure to follow all of our latest updates on Twitter, Facebook, LinkedIn and Telegram Community.

The AMLT Team

About AMLT
AMLT is the token for the AMLT Network and Coinfirm AML/KYC Platform. The first solution allowing the global economy to provide data to fight ransomware, hacking, malware and other online fraud and scams touching the cryptocurrency economy. In return for valid data provided, AMLT Network Members are rewarded in AMLT that can then be used in various ways. Created by Coinfirm, a global leader in regtech for blockchain and cryptocurrency, AMLT not only creates the first system where entities can report addresses and evidence tied to nefarious actors in the economy, but AMLT token can be used for discounted services on the Coinfirm AML/KYC Platform that is already servicing countless ICOs and over 100 companies in both the cryptocurrency and traditional spaces. Network Members also receive privileged access to Coinfirm products such as our tools and panels, the AMLT knowledge pool with exclusive content and materials as well as additional benefits and features, helping them limit exposure to risk and increase transparency for themselves, their clients and the entire digital economy.

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