Netki has developed two products: Travel Rule Certificates and Wallet Names.
Netki’s Wallet Name Service (WNS) makes it easy to send digital currency and assets between users or services. This interconnects the entire ecosystem, as it works with both public and private blockchains. WNS allows users to send using a Wallet Name that their wallet provider automatically registers for them. For example, a customer at Bitt can simply be “dawn.bi.tt” instead of “1CpLXM15vjULK3ZPGUTDMUcGATGR9xGitv”.
Netki Certificates are the only available solution that gives financial institutions the ability to comply with FinCEN’s Travel Rule and OFAC. Using the same technology that is used for the SSL validation of websites, Netki Certificates provide the validated identity of a wallet address owner. Additionally, individuals and businesses will be able to confirm who they are sending funds to prior to confirming a transaction.
The very first problem that we saw were wallet addresses and how terrible they are. Currently, it’s like the equivalent of the world’s worst password.
— Justin Newton
Request an introduction
We connect member founders and innovators with impact investors in our trust network.