
Keeta
@KeetaNetwork
Keeta Network integrates compliance directly into its protocol, allowing for fully compliant transactions to anyone in the world in under a second. Here's how it works... 🧵
(1/9) Keeta Network's compliance framework is embedded within the protocol, ensuring that transactions meet regulatory requirements without third-party involvement. This feature reduces the time and resources needed to complete traditional compliance processes.
(2/9) Digital identity verification is integrated into the network's architecture to complement the native compliance. Keeta leverages on-chain digital certificates issued by trusted KYC providers to ensure KYC/AML compliance when necessary. These certificates can verify user credentials without exposing sensitive data.
(3/9) The digital certificates serve as cryptographic proofs of compliance, allowing users to transact swiftly while adhering to all local regulations. Participants can hold certificates that verify their eligibility for specific financial activities, such as having custody of a token, transacting internationally, or engaging in high-value transactions.
(4/9) Keeta’s native compliance eliminates the risks of smart contract-based enforcement. On some blockchain networks, compliance measures are implemented through complex smart contracts, which can be prone to vulnerabilities and inefficiencies. Keeta's enforcement of compliance at the protocol level ensures scalability and security.
(5/9) Compliance policies can be determined by token creators or service providers if they wish to implement them. If a central government tokenizes its fiat currency on Keeta Network, it can determine the requirements for transacting and holding its token. If a bank provides services to the network, like a domestic payment rail, they can determine the requirements for transacting with their payment rail anchor.
(6/9) Cross-border transactions become significantly more efficient with Keeta’s compliance framework. Since compliance verification can occur almost instantly, parties can transfer assets internationally without the delays associated with traditional compliance procedures.
(7/9) Instant cross-border payments are one of the most practical use cases for blockchain in traditional finance. Many financial institutions have attempted to partner with blockchains, or even build their own networks over the last decade. The problem? Compliance and scalability.
(8/9) That is why Keeta Network has been built with compliance and scalability in mind from the beginning. By choosing to build a proprietary layer-1 network from scratch, we were able to fix these critical issues at the protocol level.
(9/9) Read more about Keeta Network's native compliance and other key features at http://Keeta.com. Stay tuned on X for more threads like this one. Use the link in our bio to join our Discord channel for direct communication with the team! $KTA