The innovative credentials verification platform Shyft and the blockchain infrastructure company PARSIQ have announced their new partnership that integrates new technologies into multiple blockchains.
Shyft Network is aiming to bring ownership of data back to the people whose data is being managed, stored, and sold amid the world is starting to adopt blockchain technologies.
Meanwhile, PARSIQ has achieved to build an important technology in providing real-time notifications on transactional data processed on-chain.
Read our full guide to Parsiq here.
PARSIQ Monitoring will Be Integrated into Shyft
PARSIQ Head of Business Development Tom Matta highlighted that the company’s digital identity authentication and verification technology are important for the future of the blockchain industry:
“Digital identity authentication and verification is core infrastructure for the future of multichain DeFi, and PARSIQ is excited to create smart triggers to protect users and platforms. PARSIQ’s position as a push-based data system is very valuable for protecting digital identities, because our triggers can be structured as alarms. If a user identity is compromised or under attack, PARSIQ can monitor for strange activity and provide real time updates to users and platform compliance teams.”
Both Companies Continue to Strengthen Their Technologies
Skyft platform enables sender identity authentication and unlocks new economies of trust. The world’s largest cryptocurrency exchange Binance applied the Shyft Network to deal with the FAFT “Travel Rule” that forces companies to share users’ personal data when processing digital asset transactions.
Recently, Shyft Network also left an announcement to be an “identity layer” for the permissionless blockchain network of Polkadot.
The Shyft Network Co-Founder Juan Aja believed that the integration of technology from PASIQ into the firm would give a more satisfying experience to users:
“We are very excited about this particular…