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. " The KYC application will be available for download from www.creditcards.gov.uk in early 2018. Williamson described the company as providing a blockchain platform that marries business logic 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 test spot for the things that are perceived as either politically, technologically,or are risky from a regulatory standpoint in larger, less agile jurisdictions”, said Nick Williamson, Co-founder of Credit. Williamson described the company as providing a blockchain platform that marries business logic with a database, and allows everybody in the system to see "the same state of the world".