ComPilot is now available on the Tezos blockchain

ComPilot (formerly NexeraID), the compliance platform for Web3 businesses, announces the launch of its solutions on the Tezos blockchain. Web3 project builders will now benefit from advanced and simplified compliance tools, available directly on the Tezos blockchain.

ComPilot: A transparent compliance solution that supports the growth of Web3 projects on Tezos

The Web3 ecosystem is constantly evolving, both in terms of regulation and blockchain use cases. ComPilot offers compliance solutions that enable Web3 projects to grow while adhering to complex regulatory frameworks. Leveraging data from both Web2 and Web3, the platform simplifies and automates key processes such as anti-money laundering (AML), Know Your Customer (KYC), Know Your Business (KYB), and wallet screening.

The roll-out of ComPilot on Tezos aims to encourage businesses and developers to innovate, enabling to:

• Promote the adoption of Web3 solutions by the general public;
• Relieve project builders from regulatory burdens, allowing them to focus on growing their business;
• Reduce potential risks associated with fraudulent activities.
  

Following the announcement of the 16th upgrade of the Tezos blockchain, ‘Paris’, which introduced the Data Availability Layer (DAL) to improve the scalability of Smart Rollups on Layer 2, the implementation of ComPilot enhances compliance and project management on Tezos, without compromising decentralization or network security.

« We are proud to be the compliance layer for the Tezos blockchain. This collaboration shows that compliance is essential for preparing blockchain’s future. With ComPilot, our goal is to allow project builders to focus on innovation while remaining compliant with current regulations.  »  Rachid Ajaja, CEO & Founder of ComPilot

« At Nomadic Labs, we are delighted to have supported the implementation of ComPilot’s solutions on Tezos. With regulations like MiCA coming into force in 2024, compliance is more critical than ever for blockchain projects. Having tools like ComPilot is essential for ensuring the secure and sustainable development of projects on Tezos.» Cédric Roche, Adoption & Support Director France, Benelux & Germany at Nomadic Labs

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About ComPilot

ComPilot (formerly NexeraID) is an intelligent compliance platform designed for Web3 businesses, offering innovative solutions that simplify anti-money laundering (AML) and Know Your Customer (KYC) processes. By leveraging both traditional and blockchain technologies, ComPilot ensures the security, integrity, and confidentiality of compliance data, creating a secure and regulation-compliant environment. To learn more about how ComPilot can meet your specific compliance needs, visit compilot.ai.‍

About Tezos

Tezos is an open-source blockchain with decentralized governance, redefining the exchange of value in a digital and connected world. Scalable and energy-efficient due to its proof-of-stake consensus mechanism, the Tezos blockchain seamlessly adopts tomorrow’s innovations without disrupting today’s network. To learn more about Tezos, visit Tezos.com.‍

About Nomadic Labs

Nomadic Labs is one of the largest research and development centers within the Tezos ecosystem. Based in Paris, it brings together more than 50 engineers and researchers working on the development and evolution of the Tezos protocol. Nomadic Labs supports businesses, institutions, and industries in using the Tezos blockchain for their professional needs by providing technical support in France, Benelux, and Germany. For more information about Nomadic Labs, visit nomadic-labs.com and follow them on Twitter @LabosNomades.

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