BizShake Committed to Improving Community Life by Creating a Fully Decentralized P2P Sharing Ecosystem Based on NEO Blockchain Technology
PALO ALTO, CA., April 9, 2018 – IdentityMind Global™, Digital Identities You Can Trust, today announced that BizShake, the company behind the P2P sharing ecosystem through tokenization of real-world assets, has selected IdentityMind’s digital identity-based SaaS platform to perform the necessary know your customer (KYC) and anti-money laundering (AML) compliance requirements for their upcoming Security Token Offering (STO).
BizShake is currently filing the US SEC REG A+ application in order to be fully compliant with STO regulations. The company’s NEP-5 BZS tokens will be securities.
“The risk is too high for investors to invest in something that is not reviewed by any authority,” said Giuseppe Lo Presti, CEO and founder of BizShake, Inc. “We believe that transparency and legal compliance are essential to structure the crowdfunding. “IdentityMind is a leading company in the automation of compliance operations, risk management, and fraud prevention solutions. I believe this partnership will empower our STO with more efficiency and transparency to onboard potential contributors while helping us to stay in compliance globally.”
BizShake is committed to improving community life by creating a fully decentralized P2P sharing ecosystem based on NEO blockchain technology, aiming to allow users to monetize their assets in forms of renting and pawning, while greatly reducing intermediary costs. The essence of a decentralized, innovative business model is realized by the ability to tokenize high-value assets on the blockchain, the transparency of user profiling through digital identity, as well as security provided by an automated dispute system which is regulated under peer control.
“We’re excited to work with breakthrough companies like BizShake,” said Neal Reiter, director of IdentityMind Global’s ICO and cryptocurrency business unit. “IdentityMind’s extensive digital currency, regulatory and risk management knowledge helps companies like BizShake perform faster onboarding while meeting existing legal requirements and demonstrating to regulators that they are in full compliance.”
Initial Coin Offerings (ICOs) and Security Token Offerings (STOs) have grown exponentially with nearly $6 billion raised in 2017, up from $10 million in 2014. IdentityMind has worked with over 75 ICO and STO clients in 20 countries across a variety of markets including lending, digital currency, payments, retail, healthcare and more, evaluating more than 400,000 users, in nearly 80 countries who contributed over a billion dollars. Representative IdentityMind clients include Airtoken, BurstIQ, CRYPTO20, DataBroker DAO, Dragon Corporation, Fluz Fluz, Liquineq, Sparkle Coin, and others.
IdentityMind was recently named the recipient of two top RegTech and FinTech industry awards: CIO Review’s 50 Most Promising FinTech Solution Providers and Disruptor Daily’s 10 RegTech Companies Making Waves in the Industry.
- Webinar: “KYC Compliance for ICOs Made Easier”
- ICO Infographic: Insights from Our ICO Clients
- Blog: 90 Minutes with the SEC on ICOs
- Press Release: IdentityMind Powers One of the World’s Largest ICOs
- Press Release: IdentityMind Global Announces Creation of Business Unit Dedicated to Cryptocurrencies and ICOs
- Slideshare: “18 Regulatory Insights for ICOs Worldwide”
About BizShake, Inc.
Founded in 2018 in the U.S., BizShake Inc. was established by an outstanding team from retail, e-commerce, technology and research companies, who are committed to improving community life by creating a decentralized P2P sharing ecosystem through tokenization of real-world assets based on NEO Blockchain, aiming to benefit users from the peer-to-peer transactions by sharing their own properties. BizShake will release the NEP-5 BZS token for crowdfunding during an STO (security token offering) in 2018 in order to raise the necessary capital to execute the company mission to reach its full potential. For more information, visit BizShake on Web, Twitter, LinkedIn, Facebook, and Medium.
About IdentityMind Global
IdentityMind Global, Digital Identities You Can Trust, provides a SaaS platform that builds, maintains and analyzes digital identities worldwide, allowing companies to perform identity proofing, risk-based authentication, regulatory identification, and to detect and prevent identity fraud. Built-in transaction monitoring enables e-commerce fraud prevention, anti-money laundering (AML), and counter terrorism financing (CTF). Our patented eDNA™ technology securely tracks the entities involved in each transaction (e.g. onboarding, account origination, money transfers, online payments, etc.) to build unique digital identity trust reputations. This reputation is anonymously shared between customers in IdentityMind’s Global Identity Network. For more information, visit IdentityMind on Web, Twitter, LinkedIn, Facebook, Blog, and Google+.
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Director of Corporate Communications
Email: [email protected]