With the fall of FTX and other exchanges including Celcius and BlockFi, people are losing trust in centralized exchanges and more of the crypto investors are moving to decentralized platforms. Decentralized exchanges are non-custodial, and users have total control of their private keys and their funds, unlike CEX which holds and manage users’ keys on their behalf. But although DEXs promise more transparency and accountability, they cannot compete with their counterparts in terms of UX, flexibility, liquidity, service, and speed. In spite of the numerous challenges, decentralized crypto exchanges have the potential to go mainstream once they become more user-friendly, flexible, and liquid. Then they can kill the CEX for good.

With the fall of FTX and other exchanges including Celcius and BlockFi, people are losing trust in centralized exchanges and more of the crypto investors are moving to decentralized platforms. Decentralized exchanges are non-custodial, and users have total control of their private keys and their funds, unlike CEX which holds and manage users’ keys on their behalf. But although DEXs promise more transparency and accountability, they cannot compete with their counterparts in terms of UX, flexibility, liquidity, service, and speed. In spite of the numerous challenges, decentralized crypto exchanges have the potential to go mainstream once they become more user-friendly, flexible, and liquid. Then they can kill the CEX for good.

Blockchain has the potential to disrupt almost every industry, redefining our relationship and reliance on technology through decentralization, improved security and better compliance.

The SSO password manager upholds one key IT security principle – the use of strong passwords. At the same time, it breaks another – relying on a single password for access creates a potential single point of failure.

Self-sovereign identity empowers the idea of decentralization in Web3 by giving users the power to exclusively own their digital identity and have absolute right over its sharing in a much more secure way.

At Polkadot World Forum 2022, a TedX- talk format discussion, NamaChain’s CTO and Chief Architect presented a detailed overview of NamaChain disruptive key management, explaining the technology of the underlying phantom key protocols and the reformation they can bring to the digital world.

At Consensus 2022, NamaChain was interviewed for its disruptive phantom key protocols, which are architected to revolutionize the concept of key management by enabling a novel approach to managing keys without storing them anywhere, neither on the device nor on the server.

With rapidly penetrating digitization, it is no surprise that digital identity for one and all has become a critical requirement for both consumers and businesses. Digital IDs that are remotely verifiable can help billions of people unlock access to many opportunities beyond geographical limitations.

NamaChain has collaborated with Shufti Pro to create the first-ever non-custodial identity gateway that provides users the sole authority over their data; no third party or service provider, not even NamaChain, can access or share the users’ data without their explicit consent.

In 2022, with the massive proliferation of NFTs and the further rise of digital assets in niches that previously ignored them entirely (such as game developers and airlines), there’s been a renewed interest in discussing what should be done to regulate them.

NamaChain is the next paradigm in self-sovereign identity. Its KYC/AML solution is designed to assist governments and businesses in digitizing and automating their KYC/AML compliance processes, while ensuring maximum user data security and privacy.

A privacy-driven identity solution provider, NamaChain, has launched a cost-effective hybrid (Blockchain oracle) KYC/AML solution that enables global financial institutions to onboard their customers in less than five minutes.