Blockchain LegalTech startup Agrello partners with online-id verifier Veriff

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Agrello, a blockchain startup developing LegalTech solutions on the basis of smart-contracting technology, announced its partnership with facial recognition-based id verifier Veriff today.

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Agrello develops a service package, allowing users to create, sign and execute digital agreements, secured and powered by blockchain technology. In order to generate sound, digital identities, which are necessary to render digital signatures legally-binding, Agrello formed a partnership with online-id verifier Veriff.

Veriff is an estonian company, utilizing advanced facial recognition software, video analysis and biometric data to verify user’s ID online. Veriff’s solution allows users to identify themselves in minutes by providing a short recording of themselves presenting their passport, id-card, or driver’s licence. Veriff then analyzes the short video, verifies the validity of the document, and compares it to a government-provided database. This way user’s identity is securely approved in a fraction of the time normally required for this process. Verriff’s solution is recognized as a valid form of identification by Estonian and European authorities, and is used by several banks as well as by Uber.

Building on Veriff’s solution, Agrello creates a cryptographically secured, blockchain-based ID, which Agrello-users can then use to identify themselves and sign contracts anywhere, without having to undergo additional Know Your Customer (KYC) procedures.

Relying on the newly formed partnership, Agrello will facilitate the LegalTech aspects of  the upcoming Blockhive token distribution event. The event will be structured as a peer-to-peer loan operation. This means that token-sale contributions, paid by participants will be considered loans to blockhive, which blockhive in their turn, will pay back to token holders.

The entailed loan agreement will be smart-contract-based, in accordance with the Agrello solution, while the KYC and identification process will be powered by the Agrello-Veriff partnership.

Agrello has recently concluded its own token distribution event, being one of the first tokenized startups to perform full KYC during their token sale.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission'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 in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. 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, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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