Sekuritance is a unique regulatory technology platform that provides a single place from which it is possible to run numerous regulatory screening solutions, secure data tokenization, transaction monitoring, personal and business identification and verification, fraud monitoring and other unique programs. This is available for institutions and businesses of all sizes regardless of what their needs might be.

Furthermore, not only does the project provide its own solutions, Sekuritance happily invites developers to connect to its platform and develop new ones.

Sekuritance has many features, including security, flexibility and scalability. It is a fully dynamic, multi-dimensional risk engine with an advanced holistic screening engine. It offers dynamic workflows, drag-and-drop configurability, binary and restful APIs, encryption, high speeds, significant scalability, maximum automation, and it was specifically created to support flexible third-party customization.

The company has its native cryptocurrency called the SKRT token, which is a new cryptocurrency for enterprise-class regulatory technology compliance, security and more. It is a utility token that leverages the consensus-driven blockchain’s permanent immutable nature for the purpose of underpinning a new independent digital economy.

The problem of leading blockchains

As it is well known, the crypto and blockchain industries hold massive potential to solve numerous problems that the world is facing, be it financial issues, supply chain problems, data storage troubles, etc. However, there are ongoing challenges that need to be addressed. For example, storing vast quantities of data is not only possible but very useful. And since blockchain is immutable, that data will remain there forever, unchanged, trustworthy and safe. However, storing the data is expensive, especially when some of the top blockchains are being used.

The creation of new chains is one potential solution, but it has many downsides, such as the risk of centralization, low security, scaling issues and a general lack of trust. Therefore, Sekuritance came up with an alternative that works as a hybrid of hardened architecture and tokenized entries in the blockchain to verify the legitimacy of the vault data.

Sekuritance’s unique approach

This new mechanism enables vault queries, checks, transaction monitoring and other activities referenced in the blockchain in order to ensure auditability. Meanwhile, the project offers unique services that bring compliance services, fraud and transaction monitoring, and Anti-Money Laundering verification services all under one roof. 

The project also enables secure card data tokenization, 3DS MPI services, forensic analysis, Card BIN lookup, 3D enrollment and more. Its results include enhancing Know Your Customer and Know Your Business profiles for users, fraud reduction, increased transaction approval and an extremely fast method of obtaining PCI level 1.

Meanwhile, the SKRT token’s primary function is processing and logging on RegTech-related data and payment-related verification tasks. The project uses smart contracts to do its work, and for the time being, the SKRT smart contract is built on the ERC-20 token protocol. The company is also proud to be soon recognized as a full member of the Ethereum Enterprise Alliance. 

In its essence, SKRT is blockchain agnostic, meaning that it can be on public protocols like Ethereum and even Bitcoin, as well as on private, premissioned protocols like Hyperledger. SKRT tokens will be able to shift if better blockchains emerge in the future and become able to satisfy enterprise and consumer security applications simultaneously thanks to its various layer-two added functionality and value.

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