Syscoin and Peer Mountain Partner to Deliver Legally Compliant E-commerce On-Chain
Syscoin, a crypto project that features the first wallet with an integrated decentralized market, announced on Monday that it had partnered with Peer Mountain. Peer Mountain is a blockchain-powered platform that is designed to enhance user data security.
The partnership is meant to lead to the development of a method for users to buy verified goods. Some of the goods being targeted are tobacco products and alcohol. This will make it possible to conduct e-commerce with no intermediaries.
Syscoin and Peer Mountain Partnership
The partnership will make it possible for Peer Mountain to offer support for the Syscoin Protocol on their development map. The companies will collaborate to develop interface micros that will make the Peerchain Protocol and Syscoin Protocol interoperable. By doing so, the partnership will offer a way for users to purchase identity verified goods.
Both of these companies will exchange technical data with each other. They are committed to assisting each other to develop maximum value for their communities. The overlapping community that will come out of this partnership will get the most value.
What the Top Leaders Had to Say
According to the founder and CEO of Peer Mountain, the partnership will open up new e-commerce opportunities for both Syscoin and Peer Mountain communities. He added that he was excited to work with Syscoin and was open to the possibility of selling regulated goods on their Blockchain powered e-commerce platform.
Syscoin is a subsidiary of the Blockchain Foundry and will support and promote the Peer Mountain compliant service delivery technology. As a result, it will allow transaction of regulated services and goods on the Blockchain Foundry marketplace.
The CIO of Blockchain Foundry said that he was thrilled to work with the Peer Mountain team. He added that the partnership would help them expand the capabilities of the Blockmarket. Implementation of the Peer Mountain verification that will be used on the Syscoin network is expected to take place in 2019.
About Peer Mountain
Peer Mountain is a protocol that makes it possible for various blockchains to communicate. It connects ID holders with businesses, making it possible for e-commerce on a large scale. This is the only decentralized identity network, which offers businesses instant and cost-effective regulatory compliance. Besides that, it ensures that users are in charge of their personal data at all times. Besides that, the ID verifiers are rewarded for being trustworthy.
About Syscoin and Blockchain Foundry
Syscoin is a blockchain protocol, which offers business and users the ability to trade goods, assets, data, and digital certificates in a secure manner. This platform will allow developers to create blockchain apps using a full feature set such as custom tokens, low-priced transactions at high speed and much more.
Syscoin has a native token called the SYS token. It is listed on major crypto exchanges such as Poloniex, Bittrex, Upbit, and many others. Blockchain Foundry develops and sells blockchain solutions for various businesses. It also offers consulting solutions to various corporate clients.