ARAX Holdings Corp. Announces Strategic Integration with CorePass Digital Identity to Fuel Business Activity on Its Smart Contract and Tokenization Platform.
USA, September 8, 2023/EINPresswire.com/: ARAX Holdings Corp., the leading provider of core blockchain-based smart contracts and tokenization solutions, is thrilled to announce its strategic partnership with CorePass, an industry-leading decentralised digital identity platform. The CorePass ID App platform is currently in its final stages of approval for listing on the iOS App Store and Google Play Store. The collaboration is aimed at exhilarating business operations and expanding services on ARAX’s already robust Core Smart Contract and Tokenization platform.
How CorePass Digital Identity Will Benefit ARAX Holdings Corp.
The integration of Core Pass’ advanced digital identity solutions will provide a secure, seamless experience for users of ARAX’s tokenization and smart contract platforms. It will serve to authenticate, verify, and do all KYC, AML, PEP, etc. checks on all parties involved in financial transactions, therefore significantly reducing the risk of fraud while increasing the speed of client onboarding, data exchange, and transaction completion.
CorePass Features
Secure Identity Verification: CorePass’ state-of-the-art, fully decentralised identity verification will enhance the ARAX Smart Contract platform by allowing for fully compliant, secure, and reliable identity verification.
The Core Smart Contract and Tokenization platform of ARAX is deployed throughout the entire Core Business Holdings platform, a wholly-owned subsidiary of ARAX, which includes the following platforms: Ping Exchange
Wall Money
Core Pay
The Core Smart Contract and Tokenization Platform is also deployed throughout the entire Core Ecosystem.
Seamless Onboarding for Use Cases using the Core Blockchain: New users can quickly and easily get started on the ARAX platform, shortening the onboarding process and increasing overall user satisfaction.
Automated and ongoing compliance: CorePass will automate much of the regulatory compliance burden, allowing ARAX to focus on product development, customer service, and use case deployment.
Seamless Integration of Password-less Login: The CorePass ID App will allow ARAX to deploy login and verification push notification solutions without passwords and two-factor authentication by only scanning a QR code. It is expected that “by 2025, more than 50% of the workforce and more than 20% of customer authentication transactions and data exchange will be password-less” , a huge business opportunity for ARAX’s enterprise solutions offering.
Also read: Addressing Security Challenges Beyond 2023: Recommendations for CIOs and Technology Leaders
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