Some examples of how Zekret can help the crypto landscape.
Problem
Traditional DeFi lending platforms face challenges with compliance and fraud due to the anonymity of users, limiting institutional adoption. Regulatory requirements often hinder these platforms from operating across multiple jurisdictions.
Solution
A regulated decentralized protocol using ZKID ensures:
Compliance: Users are fully identified and verified (KYC/AML) without compromising privacy, as sensitive data is cryptographically secured.
Institutional Integration: Institutional players can confidently provide liquidity, knowing all participants meet regulatory standards.
Cross-Border Functionality: The protocol adheres to multi-jurisdictional regulations, increasing global usability.
Benefits
• Higher Efficiency: Streamlined compliance through ZKID avoids manual KYC/AML processes.
• Wider Adoption: Institutions and retail users trust the platform due to its regulatory compliance.
• Privacy Preservation: User data remains private and protected while meeting compliance.
Problem
Tokenized assets, such as real estate, bonds, or art, face regulatory hurdles that limit secondary market liquidity and cross-border trades.