Completion of Eurostars3 Project – Identity on Distributed Ledgers

In the context of our firm’s strong focus towards future applications and new product launches, the firm successfully led and supported a pioneering RegTech project funded under the European Union’s Eurostars3 Programme (co-funded by the European Commission and the Research and Innovation Foundation of Cyprus), with title ID2L: Identity on Distributed Ledgers. 

Following 24 months of intense collaboration with stakeholders, market leaders and other relevant parties, the project has been successfully completed and we are now pleased to explore the new go-to-market opportunities for the end deliverable of the Project – the Trustnexus platform.

The platform introduces a novel digital KYC (Know Your Customer) and KYB (Know Your Business) platform based on blockchain technology and AI. It shifts data authorization flow back to individuals and establishes a mutual approach for KYC checks and data sharing across industries. This comprehensive solution minimizes the risk of financial crime, puts data management in the hands of end-users, and improves accuracy and reduces compliance costs.

Trustnexus is a portal that simplifies access to services in ways that extend beyond simple onboarding and KYC. Operating via a federated community network of peer-verification, it creates a marketplace of services in a way that is easy, fast and secure for everyone involved. This novel approach opens the gateways to the future of KYC and e-identities, redefining onboarding with federated assurance and interoperability. With Trustnexus, users can create their own e-ID, manage your data, and decide who gets access to their personal data — no more, no less.

The solution is not just a tool; it’s a movement toward user empowerment, federated assurance, and interoperability. Trustnexus shifts control of data, to data owners, who decide to share uploaded information with specific providers in order to gain access to their services. At any point in time, users know what they have shared and with whom, and are free to revoke that consent.

The core values and principles upon which the solution is built are:

Pioneering Interoperability
A unified hub offering instant access to integrated third-party services. The Trustnexus portal streamlines KYC/KYB workflows across providers. Users gain access a marketplace of services with just one click.