Credits; the Isle of Man Government, specifically the Department of Economic Development (DED); and MICTA, the Manx ICT Association. Credits , a platform providing blockchain - based applications and services , which has a well - established tradition of testing new technologies on the Isle of Man , is now to make a “ Know Your Customer ” ( KYC ) application , leveraging the jurisdiction 's financial services pedigree . " In general what we are doing is using the Isle of Man as a blind spot for the things that are perceived as either politically , technologically , or are risky from a regulatory standpoint in larger , less agile jurisdictions ” , said John Williamson , Co - founder of Credits . Williamson described the project as providing a blockchain platform that marries logical ##ly with a database , and allows everybody in the system to see " the same state of the world " .
Credits , a platform providing blockchain - based applications and services , which has a well - established tradition of testing new technologies on the Isle of Man , is now to make a “ Know Your Customer ” ( KYC ) application , leveraging the jurisdiction 's financial services pedigree . " In general what we are doing is using the Isle of Man as a blind spot for the things that are perceived as either politically , technologically , or are risky from a regulatory standpoint in larger , less agile jurisdictions ” , said John Williamson , Co - founder of Credits . Williamson described the project as providing a blockchain platform that marries logical ##ly with a database , and allows everybody in the system to see " the same state of the world " .