REGTANK LAUNCHES STRATEGIC PARTNERSHIP WITH PROTOCON, A WEB 3.0 BASED LAYER 1 PUBLIC BLOCKCHAIN PLATFORM
SINGAPORE, 5 September 2022 /PRNewswire/ — Regtank has entered into a strategic partnership with Protocon, a blockchain mainnet project. In the strategic business agreement (MOU), both companies have expressed their mutual interest in improving the efficiency, accuracy and security of the blockchain ecosystem through cooperation in blockchain-related technology support, knowledge exchange and community expansion.
Protocon, a combination of “protocol” and “economy”, is a Web 3.0-based, Layer 1 public blockchain platform open to all. The Protocon Network aims to build a self-powered digital economy based on protocols to provide the infrastructure needed in the digital transformation era.
Regtank will provide blockchain regulatory compliance analytics that significantly enhance Protocon’s ecosystem and its security, which includes processes such as digital onboarding, AML/KYC screening and transaction monitoring. Integrating Regtank’s compliance software will not only maintain the highest standard of regulatory compliance for Protocon’s chain, but also protect global users from deep risks in the cryptocurrency and blockchain space.
The parties also agreed to work closely with co-branding and co-marketing to increase both the brands’ value and potential. In addition to combining Protocon’s revolutionary blockchain technology with Regtank’s future product development, the partnership encourages dApp projects on Protocon’s network, PEN and Protocon-based token exchanges to adopt solutions from Regtank that reinforce the efficiency, accuracy and reliability of Protocon’s ecosystem. Both companies also anticipate potential collaboration on holding cross-country events and offline exhibitions for the community.
“The collaboration with Regtank at the stage where Protocon’s ecosystem is becoming more global is really important to us. All of us here at Protocon are looking forward to seeing the enormous role that Regtank’s innovative and secure solutions will have. Regtank and Protocon will make great partners” – San Jun, Manager, Protocon
“Regtank is committed to providing the most efficient and reliable regulatory compliance. With its leading blockchain network, Protocon will enable us to further innovate our system and offer an even more powerful solution. We look forward to working with Protocon to further our growth of compliance and blockchain infrastructure” – Megan LeeManaging Director, Regtank Technology Pte Ltd
Through this partnership, Regtank and Protocon strive to combine their expertise to strengthen efforts to offer holistic risk management of digital assets. Given the strength of both companies in blockchain technology, the partnership will provide a much stronger and more secure blockchain service and ecosystem for global users.
About Regtank
Regtank is the leading provider of a one-stop software-as-a-service compliance solution, revolutionizing the compliance landscape. By adopting a risk-based approach (RBA) that incorporates KYC, KYB and KYT into a single consolidated platform, Regtank has innovated a comprehensive and advanced AML/CFT smart risk assessment engine that can automatically classify the risk of individuals tailored to the risk matrix of the clients. Regtank currently offers risk assessment and management, screening, record keeping, ongoing due diligence, transaction monitoring and blockchain analyses. For more information you can visit us at https://regtank.com/.
About Protocon
Protocon is a web 3-based layer 1 public blockchain platform developed with the aim of promoting a protocol-based economic system. It is now becoming known by industry watchers for its “contract model” which was recently released as an alternative to the smart contract of Ethereum and “Fact Hash” which can allow secure connections with other blockchains. Protocon first started its development in 2019 and now plans to start operating its testnet by Q4 2022 and will open the mainnet by the end of next year. For more information you can visit us at https://protocon.io/
SOURCE Regtank Technology Pte Ltd
