The network is fully encrypted, relying on an authentication model where users identify themselves and confirm each other's identities through a
series of blockchain transactions.
Through a new product called KYT — for Know Your Transaction — that Levin says provides real - time feedback on the underlying
purpose of blockchain transactions and feeds into exchanges» transaction processing engines.
One is an innovator in Blockchain payments and the other is an innovator in the analysis and
compliance of blockchain transactions so it creates a powerful combo to push that progress.»
Though blockchain may provide certain security advantages over more traditional transactional systems that require intermediaries, potential risks and protocol weaknesses that could undermine the
integrity of blockchain transactions do exist.
Indeed, the idea for Crypto Valley goes back to January 2014, when Johann Gevers, founder and CEO
of of blockchain transaction platform Monetas, first started laying the groundwork to create a global hub for blockchain firms.
According to him, the current BIP70 protocol, which allows the
participants of a blockchain transaction to exchange information related to the payment, only implies one single identity confirmation: the digital wallet provider of the recipient should send its certificate.
Through a new product called KYT — for Know Your Transaction — that Levin says provides real - time feedback on the underlying
purpose of blockchain transactions and feeds into exchanges» transaction processing engines.
At Blockchains, Smart Contracts and the Law, you're co-chairing the program as well as speaking in a session about analyzing the
Nature of Blockchain Transactions and the Differences in Business Models.