Melinda Desi: AMLT

AMLT, the token of COINFIRM network, is now available to be one of those solutions. It will address one of the biggest problems of cryptocurrency that is the transparency of the transaction.

The Urgency

People love the fact that cryptocurrency offers the utmost privacy when making transaction. Instead of providing personal data, the identity of the transaction will be recorded in the blockchain with a series of codes. As a result, the transaction will be secure but the privacy of the people behind the transaction will be kept secret.

Even though there is still a way to track the transactions if the authority requires it, the privacy aspect of blockchain makes it is easier for irresponsible people to do criminal financial activities here. It is relatively easy to do money laundering with virtual currency compared to other methods and it gives cryptocurrency and blockchain a very bad reputation.

If proper action is not taken to eliminate the shady business done with cryptocurrency, mass adoption of cryptocurrency will be impossible since law abiding citizens certainly don’t want to be involved in anything that could cause them troubles with the law. This is exactly the reason why AMLT is developed. It will provide complete access for the token holders to use the services provided by COINFIRM network. COINFIRM is a company that dedicates its services for the development of RegTech industry. It will help the clients who want to comply with the regulations to get the best out of cryptocurrency transaction.

Token of Compliance

Regulatory compliance is one of the biggest challenges of cryptocurrency. But contrary to the popular belief, ensuring the privacy of each transaction that is the principle of cryptocurrency and regulatory compliance can actually work hand in hand. AMLT strives to show that blockchain is not the center of shady transaction. There is actually a way to make a regulatory compliant cryptocurrency transaction without sacrificing the privacy of the users and this is why AMLT is called the token of compliance.

Cryptocurrency transaction can give a huge advantage for business. Unfortunately, many clients hesitate to use this method due to the lack of transparency. Moreover, the point of view that there are many crimes happening in blockchain transaction makes mass adoption of cryptocurrency for business becomes too good to be true. Business also finds it hard to get loan from traditional financial institutions because those institutions think virtual currency is too risky.

AMLT will totally reshape this phenomenon. Services from COINFIRM network will make cryptocurrency transaction safer and more compliant. As a result, cryptocurrency and blockchain will be much safer and the possibility of mass adoption will be higher since it can significantly reduce criminals hide their transactions in blockchain.

Why AMLT?

All the transactions performed on a public or a permissioned blockchains can be divided amongst users, banks, companies, and other financial institutions. This ensures a ledger which is secure and accessible.
The immutability of data can be ensured as the technology used is blockchain. This technically means that data can never be changed, making it fully auditable.
AMLT assures privacy and protection of data. It gives limited access to blockchain information. As it is only available to those permissioned to access that particular record.
Coinfirm has developed a set of advanced tools, including crawlers, scrapers and an internal department of skilled data researchers and analysts for further perfecting the data collected on blockchain.

AMLT is a cryptocurrency for Coinfirm’s AML/CTF platform. The platform is different because it provides identity verification services to companies in an economic and convenient way. AMLT coin, on the other hand gives the company the advantage of discount to the companies while accessing verification services on Coinfirm’s AML/CTF platform. AMLT provides access to a secure and transparent blockchain economy. Thus, it protects us, our partners and clients from potential risks and allows for commercial adoption and growth. AMLT is a key link in Blockchain, helping businesses to ensure transparency and safety — to protect themselves, their customers and grow by solving one of the largest Blockchain needs — effective compliance and AML procedures. This company will soon outshine other platforms because of its distinguishing features.

AMLT Team

FOUNDERS

Paweł Kuskowski, CEO / Founder
Paweł Aleksander, CIO, Co-founder
Jakub Fijołek, CTO, Co-founder
Grant Blaisdell, CMO, Co-founder
Maciej Ziółkowski, Co-founder

TEAM MEMBEERS

Robert Ciurkot, COO
Krzysztof Król, Product Owner
Marcin Rabenda, Product Owner
Ben Brophy, Delivery Director
Beata Wiśnicka, Senior Analyst
Pylyp Radionov, C++ Developer
Sebastian Gruza, JAVA Developer
Bartosz Zięba, Developer
Magdalena Poprzeczko, Assistant to the Board
Łukasz Kranc, Front-end Developer
Maksymilian Jaworski, DB Administrator
Filip Wieczyński, Business Development

ADVISORY BOARD

Ruth Wandhöfer, Global Managing Director of Compliance & Market Strategy in Citi Bank, Regulatory and FinTech expert
Julian Johnson, CEO of MainSheet Ventures with 25-years of experience in the technology market and global sales executive roles at Oracle, Siebel, SAP, Microsoft and Salesforce
Paweł Tomczuk, CEO of JPGH & Associates, entrepreneur, founder of Ciszewski Financial Communications
Hazem Danny Al Nakib, Founder of several business accelerators and incubators, an advisor to or partner of public and private entities including Securrency, Coinfirm, The Agency for Social Innovation, and Humaniq, among others

Roadmap