Today’s guest on the Fortune Teller Podcast is Ivan Ravlich, Co-Founder and CEO of Hypernet Labs. Hypernet Labs is a cyber infrastructure business creating advanced solutions for both digital commerce, and value transfer. By revolutionizing computer fabric, digital payments, and identities, Hypernet will make increased access to Web 3.0 to both new and experienced users.

For corporate customers, you can have identity and compliance requirements via Hypernet’s Web 3, blockchain-based resolution for decentralized
applications (dApps), NFTs, and a multitude of business dealing with today’s complex regulatory demands. Hypernet.ID creates a frictionless and auditable instrumentation for certifying and identifying customers on-chain.

Hypernet.ID handles all of the required Know Your Customer and Anti-Money Laundering demands with multiple facets.

For customer identification:
Government issued identity document verification and authentication
Facial recognition and matching to the identity document presented by the users
Address extraction
IP address recognition
Regarding Customer Due Diligence:
Sanction checks
Politically exposed persons checks
Adverse media and social media scans
And for Ongoing Monitoring:
Daily customer screening
The Hypernet.ID NFT is burned if a user no longer passes checks

Hypernet.ID substantiates government issued IDs in more than 230 nations and uses biometric-based identity confirmations and liveness checks to match the individual to the ID. Once the individual is identified, the potential user is screened in real-time against thousands of global sanctions lists. Once the checks are complete, an on-chain, non-transferrable NFT is minted to their crypto wallet. Hypernet.ID is GDPR and CCPA compliant. Hypernet mints everyone’s Hypernet.ID NFT directly to their wallet on the blockchain. The NFT can then be used instantly by the smart contracts of your dApp or website.

Integration efforts for your customer verification are now made easier. Include your tailored Hypernet.ID link in your dApp or website. Users are then directed to Hypernet.ID’s identity confirmation and AML checks. Upon completion, they will be redirected back to your app or site. With new users, this takes minutes to complete. For users who are returning, this takes seconds to execute.

For developers, the smart contracts of your dApp access the publicly available, non-transferrable NFT of the user and interact with their account, serving to guarantee that any transfer of value obeys the applicable regulations.

Customer’s identities that are submitted are used by Jumio to verify their identity. Details are checked and – if verified – only the company requesting the verification will receive their ID information. The user can burn their NFT at anytime.

For more:
https://hypernetlabs.io
https://hypernet.id/
https://www.linkedin.com/company/gohypernet/
https://twitter.com/GoHypernet
https://www.facebook.com/GoHypernet/

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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/

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