Identity systems are in demand in the modern world. Blockchain identity systems are a new word in this sphere, which is gaining momentum right now. Blockpass is one of these systems and recently its coin has appeared on some crypto exchanges.
What is Blockpass and the PASS token?
Blockpass is an identity application for regulated industries, which is intended for end-users. It is designed for the absolute confidentiality of data. The platform ensures KYC and AML compliance for service providers, eliminating the need for data storage by third parties. The app allows end-users to create, control, and store their personal data. The identity system supports verification of humans (KYC), objects, and connected devices.
The company (Blockpass Foundation) issues PASS tokens. They can be used to obtain discounts on the system’s verification services.
Blockpass Price Forecast
Let’s analyze factors that could drive PASS growth and hold it back.
- The company is legally registered according to Hong Kong laws. The information about the entity is available on the project website. It is a good sign.
- Ethfinex (a Bitfinex spinoff) will use Blockpass as a standard KYC partner.
- At the moment, the coin is listed only on low liquidity exchanges, such as HitBTC and Cryptopia (CoinMarketCap gives non-relevant info, showing only Cryptopia as an exchange for buying PASS). There is a high probability that Bitfinex will list it (because of cooperation with Ethfinex).
- The crypto showed good growth in October 2018, which drew attention of potential buyers.
- The project’s Whitepaper looks great. It has a clear structure and is professionally written.
However, there are some potentially unfavorable factors:
- The project has competitors, the main ones being Selfkey and ICO Pass.
- The market features bearish trend now, which doesn’t allow coins to grow significantly.
We haven’t found neither other disadvantages of the project nor unfavorable factors (but we’ll keep an eye on it). So, we believe that the project has a great future. See our PASS price predictions in the table below.
|Period||PASS/USD Price Prediction 2018-2019|
Disclaimer. This information should not be treated as investment advice, this is solely our opinion. We recommend you to conduct your own analysis before investing in the coin.
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