Welcome!

News Feed Item

Blockchain Technology Startup Humaniq Raises $3.8M and Signs Contract With Deloitte

LONDON, April 21, 2017 /PRNewswire/ --

Blockchain technology startup Humaniq and global auditing firm Deloitte join forces.

     (Logo: http://mma.prnewswire.com/media/492568/Humaniq_Logo.jpg )

Humaniq is on a mission to provide financial inclusion products and services powered by blockchain technology to the 2 billion unbanked people across the globe. Their first three operational priorities are Africa, South/Central America, and some parts of Asia. And then they will expand to the rest of the world.

Conscious of the challenges ahead when it comes to IP, legal and operational structure Humaniq is preparing for its next challenges. The organisation has recently conducting pilot tech projects in India and is starting in Africa in the next few months, while managing its ICO that raised so far over $3.8M.

Deloitte is a global powerhouse in auditing, legal, IP and a driver in blockchain identity technology, making it the right auditing and innovation firm to manage Humaniq's structure and operational efforts in multiple countries and locations.

Humaniq aims to repurpose science and technology for the good of the world. The beta version of their fintech application was recently launched in Google Play for Android phones and simply requires a new user to register using their biometric identity by snapping a photo through a face-recognition algorithm.

The Humaniq application uses minimum language as it wants to be based on a simple user-interface and symbols, highlighting its international focus through the use of emoticons. This makes it simple to use even for the most illiterate people in the world. Humaniq will bring a great number of unbanked people into the world economy, enabling financial inclusion.

One example of the Humaniq app's benefits is a case-study of a Nigerian farmer who lives ninety miles away from the closest bank. Furthermore, he does not have a vehicle or any ID verification to access or open a new bank account. Humaniq enables this farmer to sell his corns or peppers and buy new seeds on an international scale, as long as he has a simple smartphone and basic access to the internet. And all of this happens for a fraction of the fee when compared with traditional banks or money-transfer companies.

In a recent HBR report, Professor Michael Mainelli wrote;

"2.4 billion poor people worldwide, about 1.5 billion of whom are over the age of 14, can't answer that question to the satisfaction of authorities. While they certainly know who they are, they are often excluded from property ownership, free movement, and social protection simply because they can't prove their identity. They are more exposed to corruption and crime, including people trafficking and slavery." 

In addition to enabling financial inclusion, Humaniq also aims to provide biometric identity to tackle serious issues such as human trafficking and modern slavery.

So far Humaniq has raised just under $4m in its pre-seed Initial Coin Offering (ICO), which ends on 27th April 2017. While announcing a strategic partnership with global auditing firm Deloitte, Humaniq wants to highlight their intellectual property and legal efforts with a powerful global company.

In addition to the aforementioned, Deloitte will also provide industry-leading audit, consulting, tax, and advisory support to Humaniq. Many of the world's most admired brands including eighty-percent of the Fortune 500 work closely with Deloitte.

Co-founded by blockchain technology visionaire Alex Fork and AI expert Dmitry Kaminskiy, Humaniq is breaking international crowdfunding records with a total value of $3,949,131 and 9,189 participants at the time of writing. Steering the wheel as CEO of this powerful new organisation is successful blockchain/fintech author and entrepreneur Dinis Guarda.

In addition to the board of directors previously mentioned, Humaniq also has a world-class advisory board consisting of over twenty global thought-leaders. This includes people and alumni from organisations such as The Financial Times, The United Nations, Greenpeace, Right Relevance, University of Toronto, Cambridge University, and Save the Children to name just a few.

Through this new partnership, Humaniq and Deloitte ultimately want to help establish sustainable and structured operations to enable more financial inclusion, justice and strong institutions on a global scale.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, will examine the regulations and provide insight on how it affects technology, challenges the established rules and will usher in new levels of diligence...
SYS-CON Events announced today that SkyScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SkyScale is a world-class provider of cloud-based, ultra-fast multi-GPU hardware platforms for lease to customers desiring the fastest performance available as a service anywhere in the world. SkyScale builds, configures, and manages dedicated systems strategically located in maximum-securit...
Your homes and cars can be automated and self-serviced. Why can't your storage? From simply asking questions to analyze and troubleshoot your infrastructure, to provisioning storage with snapshots, recovery and replication, your wildest sci-fi dream has come true. In his session at @DevOpsSummit at 20th Cloud Expo, Dan Florea, Director of Product Management at Tintri, provided a ChatOps demo where you can talk to your storage and manage it from anywhere, through Slack and similar services with...
"We are an IT services solution provider and we sell software to support those solutions. Our focus and key areas are around security, enterprise monitoring, and continuous delivery optimization," noted John Balsavage, President of A&I Solutions, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
SYS-CON Events announced today that Calligo has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Calligo is an innovative cloud service provider offering mid-sized companies the highest levels of data privacy. Calligo offers unparalleled application performance guarantees, commercial flexibility and a personalized support service from its globally located cloud platfor...
"We want to show that our solution is far less expensive with a much better total cost of ownership so we announced several key features. One is called geo-distributed erasure coding, another is support for KVM and we introduced a new capability called Multi-Part," explained Tim Desai, Senior Product Marketing Manager at Hitachi Data Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
There is a huge demand for responsive, real-time mobile and web experiences, but current architectural patterns do not easily accommodate applications that respond to events in real time. Common solutions using message queues or HTTP long-polling quickly lead to resiliency, scalability and development velocity challenges. In his session at 21st Cloud Expo, Ryland Degnan, a Senior Software Engineer on the Netflix Edge Platform team, will discuss how by leveraging a reactive stream-based protocol,...
"DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy," said Roger Strukhoff, Conference Chair. "DX World Expo has organized these issues along 10 tracks with more than 150 of the world's top speakers coming to Istanbul to help change the world."
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
DX World EXPO, LLC., a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
"The Striim platform is a full end-to-end streaming integration and analytics platform that is middleware that covers a lot of different use cases," explained Steve Wilkes, Founder and CTO at Striim, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.