Quadrata offers a privacy-preserving digital passport that enables Web3 businesses to perform identity verification, AML screening, and wallet screening without storing personal identifiable information on-chain. This solution addresses the challenge of compliant customer onboarding while maintaining user privacy, facilitating access to a growing ecosystem of over a thousand onboarded customers.
Funding
Funding not disclosed
Founders
Product
Problem
Web3 businesses face challenges in complying with KYC/AML regulations and performing identity verification without compromising user privacy by storing Personally Identifiable Information (PII) on-chain. This creates friction in customer onboarding and limits access to a broader user base due to regulatory concerns.
Solution
Quadrata offers a privacy-preserving digital passport solution that enables Web3 businesses to perform identity verification, AML screening, wallet screening, and business verification (KYB) in a compliant manner. The Quadrata Passport is a soulbound token that grants users access to an ecosystem of Web3 applications while ensuring that no PII is stored on-chain. By integrating Quadrata, businesses can seamlessly onboard customers, adhere to regulatory requirements, and foster a secure and privacy-centric environment. The solution facilitates access to a growing network of onboarded customers, streamlining the compliance process and enhancing user trust.
Target Audience
Quadrata's primary customers are Web3 businesses, including DeFi platforms and dApp developers, seeking compliant and privacy-preserving solutions for identity verification and customer onboarding.
Features
- Privacy-preserving identity verification, AML screening, and wallet screening
- Business Verification (KYB)
- Soulbound token (non-transferable NFT) attached to user's wallet
- Decentralized identifier (DID) for enhanced privacy
- Country and age verification
- Accredited investor status verification
- On-chain credit reputation and Vantage Score
- Simple integration with one line of code