ICO launch. Product launch.<br />
<br />
Technically: validate that the owner of<br />
<br />
an Ethereum wallet has passed an ID<br />
<br />
background check stating that they are<br />
<br />
not part of a restricted set of users (e.g. US<br />
<br />
citizen or individuals on official watchlists).<br />
<br />
The background check is run via a third<br />
<br />
party, namely Onfido. The ICO Pass team<br />
<br />
has set up a smart contract system to<br />
<br />
record the outcome of the background<br />
<br />
check on the public Ethereum blockchain,<br />
<br />
i.e. whitelist Ethereum addresses that are<br />
<br />
owned by non-restricted users.<br />
<br />
Legal point of view: doublecheck with<br />
<br />
all the regulators in different countries<br />
<br />
how to even more effectively meet their<br />
<br />
requirements.<br />
<br />
Business: attract first ICOs from Europe.
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