CRYPTO MATTERS

THE FUTURE BELONGS TO IMMEDIATE COMPLIANT TRANSFERS OF DIGITISED ASSETS FREE OF INTERMEDIARIES.

Here we invite business and thought leaders to explore what this means and why current crypto, including Facebook's Libra, are unsuitable for commercial transactions...

AND THE EXTRAORDINARY CHANGES THAT COME WITH A DECENTRALIZED COMPLIANT ALTERNATIVE...

THE FUTURE


CRYPTO IS FUNDAMENTAL TO DIGITAL TRANSACTIONS

DIGITIZED ASSETS

Every asset will be digitized, so organizations and machines can instantly execute compliant transfers, free of intermediaries and registries.

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CRYPTO FOR EVERYONE

Every business will eventually issue their own inherently compliant, crypto-tokens to influence, reward and measure internal and external behaviour.

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AML COMPLIANCE

Anti-Money Laundering regulators will replace burdensome organizational reporting with automated oversight of entire blockchain networks.

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CRYPTO CREDENTIALS

How we will all enjoy new found privacy through encrypted credentials that will enable selective sharing and revocation of personal data.

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CURRENT OBSTACLES


RESULTING FROM CRYPTO ANONYMITY

LACK OF ADOPTION

Many value transfer services have attempted and failed to build out compliant applications. This lack of success arguably comes down to the of complexity of infrastructure, cost of development and the inherent conflict with anonymous presets.

NO CONFIDENCE

Transfer of stolen anonymous crypto is instant, undermining the trust required for asset security.

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NO PRIVACY

Public pseudo-anonymous networks, like Bitcoin and Libra are vulnerable to forensic analysis. There are few businesses that will risk sharing confidential business data with competitors.

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TOO COMPLEX

Building compliant commercial applications on anonymous crypto platforms, results in costly complex, isolated centralized services.

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COMMERCIALY UNSUITABLE

Business applications, need confidence in identity anchored customer data in order to compliantly transfer, account and reward users.

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NO NETWORK EFFECT

ALL compliant value transfer services, e.g. exchanges, remittances, securities, etc. result in isolated services, eliminating any possibility of a network effect that results from a common base of users.

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REDUNDANT TOKENS

Requirements of compliant services built atop anonymous platforms, ensures discreet transactions between a compliant token and it's anonymous counterpart, are not permissable, making the underlying anonymous token little more than a data to logger

REQUIRED


THE POLAR OPPOSITE TO BITCOIN and LIBRA

PRIVACY Vs ANONYMITY

REQUIRED: IDENTIFIED CONFIDENTIAL USE Vs Anonymous crypto that is unsuitable for commercial use, as organizations need to know that their customers are who they purport to be.

ENCRYPTED Vs TRANSPARENT TRANSACTIONS

REQUIRED: ENCRYPTED CONFIDENTIAL TRANSACTIONS Vs Transparent (pseudo anonymous) transactions that risk exposing confidential business data

CHAIN Vs SERVICE LEVEL COMPLIANCE

REQUIRED: CHAIN LEVEL AML-COMPLIANCE Vs Anonymous crypto that relies on vulnerable, centrally governed regulated services, while maintaining exits to unregulated anonymity.

KEY


THREE MAJOR CHALLENGES

RECONCILE

The most demanding challenge is how to reconcile regulatory inspection with user privacy

OVERSIGHT

It's critical that chain oversight has no points of centralised adminstration, as these points would leave the chain and individuals open to coercion.

COMPLIANCE

Regulators must be assured of the quality of chain level AML-Compliancel, in the absence of legal leverage.

IMPACT


BY ELIMINATING CRYPTO'S FATAL FLAWS WE OPEN THE DOORS TO:

SCALE

By shifting compliance from the service to the (block) chain, means any business large or small can use crypto to engage their customers in transactions, gaining material income and insight into customer behaviour, free of burdensome AML-Compliance

TRADITIONAL SERVICES

By addressing the need for identity and confidentiality, plus the benefits of device integration and digitised programmable assets, the door is open to begin transitioning conventional applications to crypto-technology

MULTI-SIDED NETWORK EFFECT

Born from a common base of shared users, service providers can plug in compliant services, free of compliance and identity administration, resulting in a adoption driving multi-sided network effect.

TRILLIONS RELEASED

By lifting the burden of compliance off the shoulders of commerce, and offering regulators chain level oversight, regulators enjoy cost effective compliance and global commerce is relieved of the trillions of dollars wasted on unproductive compliance.

LIFE IN ONE PLACE

By enabling crypto credentials, aka self sovereign credentials, users can feel safe in accumulating all relevant personal data in one place, encrypted and under their control.

PSEUDO ANONYMOUS SOCIAL NETWORKS

Networks rooted in factual identity, enabling political expression but denying unfettered corrupt conversations.

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DYNAMIC DEMOCRACY

By gathering a common base of uniquely identified users, the roadblock to instant polling is eliminated, giving birth to dynamic (digital) democracy, where views can keep pace with change.

CRDZ BLOG


  • 5/08/2019 02:09 PM

Highlighting the steps to The Widespread Adoption Of CryptoAssets

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  • 5/08/2019 12:45 PM

The powerful impact of crypto currencies and assets on AML compliance

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CRDZ FORUM


A PLACE TO RAISE QUESTIONS AND GET ANSWERS, AS TO WHY CRYPTO HAS REACHED A TIPPING POINT...

CRDZ FORUM
Welcome to our new forum.
Here you can find a great community for discussing the potential and purpose of crypto-assets, and how they'll become part of our everyday lives.

LET'S CHAT


WE ARE EAGER TO RESPOND TO YOUR QUESTIONS AND EXPAND THE DISCUSSION

  • Market Street, Sydney New South Wales, Australia