kompany.com is moving information on 100 million companies onto a Blockchain for KYC/KYB

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kompany.com today announced it is moving information on 100 million companies onto a Blockchain for Know Your Customer (KYC) Know Your Bank (KYB).

At today’s 2016 joint conference of the European Commerce Registers’ Forum (ECRF) and Corporate Registers’ Forum (CRF) in Cardiff, UK, kompany.com announced its development to provide electronic ledgers with original and authoritative company information.

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By applying a hybrid Blockchain to continuously monitor and note changes of official company information (e.g. company filings, changes in directors, etc.), kompany.com can provide the ultimate source of actual and historical, fully auditable and valid company vitals and filings. The company Blockchain also offers a one-stop-shop access to retrieve all available information and official documents on a specific company and its officers, including the identification and visualization of interconnections with other companies and beneficial owners  worldwide.

Moreover, it enables a search for companies based on all current and future identifiers (e.g. commercial register number, LEI, EUID, REID, DUNS®, Bloomberg Global ID/FIGI, Thomson Reuters PermID, EIN, VAT numbers), thereby harmonizing today’s global company information  infrastructure.

In a networked and global marketplace compliance and risk management is increasingly crucial. The growth of KYC / KYB (know-your-customer /- business), AML (anti-money-laundering), and EDD (enhanced due diligence) requirements is driven both by regulatory changes and the commercial need to avoid business disruptions. kompany already today supports the financial industry, large corporates and various ERP / CRM platforms and market places to automate their KYC / KYB processes for client onboarding and monitoring, resulting in significant time and cost savings.

About Richard Kastelein

In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, ' The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, the Netherlands where he has set down his anchor to raise a family and write.

Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications.

Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the EuropeanCommission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.

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