Press Release

Yoti announces Noku TokenRaise partnership

“KYC is one of the most controversial subjects in today’s crypto world. For this reason, it’s essential to have a clear understanding of this process"

London. 30th January 2019Yoti, the digital identity app, announced that they are working with blockchain platform Noku TokenRaise to provide secure identity verification for their customers.

Noku TokenRaise is a blockchain platform to create tokens, ICO and STO. They create an all-in-one ecosystem that gives individuals the opportunity to create their own token without any previous blockchain background, regardless of their coding skills. Individuals will now be able to use Yoti’s free digital identity app to share verified details and prove their identity on Noku TokenRaise in a simple, private and secure way.

Noku TokenRaise need to verify the identity of all of their users, including organisations and investors. Yoti will help to streamline and simplify part of this process by letting individuals prove their identity in seconds, and share their verified details at the scan of a QR code or at the click of a button. This streamlines the onboarding process, creates a frictionless experience, and removes the need for individuals to present paper ID documents, which can be easily lost or stolen.

Roberto Gorini, CEO at Noku TokenRaise, comments:“Noku is a community of people that want to exchange value and trust. We want our platform to be safe, easy to use, and be accessible to as many people as possible. This includes having secure identity verification, as this will bring greater trust to Noku; an essential part of our business. For Noku TokenRaise, Yoti delivers speed and scalability, and reduces the high costs of manual verification checks. We’re delighted to be working with them to create a smooth experience when verifying the identity of their customers.”

Thom White, Future Technologies Lead at Yoti, comments: “To prove their identity to a business, individuals typically have to show paper documents and then wait for their identity to be manually verified. This can be a cumbersome, slow and frustrating process. The free Yoti app lets individuals prove their identity in a fast, simple and secure way. They can share their verified attributes, such as their name and date of birth, at the click of a button or scan of a QR code, removing the hassle of showing paper documents every time they need to prove who they are.”

“KYC is one of the most controversial subjects in today’s crypto world,” says Roberto Gorini, CEO at Noku TokenRaise. “For this reason, it’s essential to have a clear understanding of this process. It makes sense for individuals to have one, secure digital identity and use this each time they need to prove who they are, participating potentially in multiple token sales with just one identity verification. It’s great that they can use the Yoti app to verify their identity on Noku TokenRaise as well as in other sectors.”

The free Yoti app is available for Apple and Android phones and takes less than five minutes to set up. People take a selfie and add an ID document with their smartphone, which is transformed into a digital identity. Yoti uses 256-bit encryption to secure user details and puts individuals in control of their data. With Yoti, the user has to give consent before their details are shared. They also know exactly what details they are sharing and who they are sharing them with.

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