Blockpass has built a user-centric, self-sovereign identity solution for regulated industries and the Internet of Everything, with its KYC product is already available for iPhone and Android phones. The company is starting the initial distribution of the Blockpass token (PASS) from the 31st of May to the 30th of November via Official Distributors.
The purpose of the token is to expand the network of users of Blockpass. When a user receives the token they will need to download the product and conduct KYC with the Blockpass Foundation before they are able to transfer the token on; we refer to this as ‘Sender KYC’). The utility of the token is to obtain discount on verification services provided by Blockpass as well as ‘identity mining’ which rewards users and enterprises providing services for identity verification.