DUNDALK, IRELAND - 09/17/2018 (PRDistribution.com)
GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has announced that it has awarded Sylo, the New Zealand leader in decentralised communication, the first GECKO Stamp of Attestation.
CEO Shane Brett said: “Sylo is leading the way in providing world class communication between decentralised applications. GECKO Crypto1 has completed a detailed compliance and due diligence review covering of all aspects of the project and we are are delighted to officially award the GECKO Stamp of Attestation to Sylo. We are the first in the market to offer this crypto compliance service and are delighted with the level of engagement and collaboration with the Sylo team. This stamp will be the first of what we hope is many awarded to ICO and crypto projects that want to act in the most transparent, compliant manner possible”.
The GECKO Stamp of Attestation provides investors with transparency, compliance and accountability into their crypto investments. The stamp is awarded to crypto projects that meet GECKO Crypto1 governance standards of ICO compliance. The solution includes all published crypto rules from global jurisdictions and also incorporates the “best practise” governance framework from the independent industry non-profit ICO Governance Foundation.
Sylo Co-Founder & Business Director Dorian Johannink said: "Our experience working with the Gecko team has been great and very painless. If you're working in this space, you'll understand the pain of operating in an environment that has very little concrete guidance in terms of the regulatory environment. GECKO brings an element of true north to the process, helping to ensure that everything your doing around your company and project is watertight, which has been very helpful for us."
About GECKO Governance
GECKO Governance, the world’s first Blockchain RegTech regulatory solution for financial compliance, has expanded its existing service offering in bank and fund compliance by creating a platform that will ensure ICOs and Token Sales are regulatory compliant from start to finish.
The new GECKO Crypto1 platform is open to the entire ICO and Token Sale ecosystem and thus enables ICO and Token Sale projects to be vetted by investors, while providing an independent audit trail for regulators. It is implemented on a blockchain to ensure trusted, secure, decentralised compliance across the entire ecosystem of data providers and consumers. In order to power this new platform, an ERC20 standard (GECKO) token will be created and distributed to network participants.
The Sylo Protocol acts as the confidential networking layer for all integrated decentralised applications, creating peer-to-peer (P2P) connections and providing an efficient way for users to interact and exchange data confidentiality over the network. The Sylo Protocol consists of client-side APIs and services that allow Connected Applications to confidentially perform communication functions with other users on the network.