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October 08, 2024

ComPilot: The Compliance Solution for Web3 Businesses, Now Available on the Tezos Blockchain

Nomadic Labs

Nomadic Labs

@nomadicLabs

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ComPilot (formerly NexeraID), the compliance platform for Web3 businesses, announces the deployment of its solutions on the Tezos blockchain. This enables Web3 project owners to access advanced and streamlined compliance tools.

ComPilot: A Transparent Compliance Solution Supporting Web3 Projects on Tezos

The Web3 ecosystem continuously evolves regarding regulatory requirements and blockchain use cases. ComPilot provides compliance solutions that help Web3 projects develop securely while adhering to complex regulatory frameworks. By 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 deployment of ComPilot on Tezos aims to encourage businesses and developers to innovate and will help:

  • Promote the adoption of Web3 solutions by the general public;
  • Free project owners from regulatory constraints, enabling them to focus on business development;
  • Reduce risks associated with fraudulent activities.

Following the recent announcement of the activation of Tezos’ 16th upgrade, Paris, which introduced the Data Availability Layer (DAL) to enhance the scalability of Smart Rollups on Layer 2, the deployment of ComPilot strengthens compliance and management of Web3 projects on Tezos without compromising network decentralization or security.

“We are proud to be the compliance layer of the Tezos blockchain. This collaboration highlights the importance of compliance in preparing for the future of blockchain. With ComPilot, our goal is to empower project owners to focus on innovation while remaining compliant with current regulations,” said Rachid Ajaja, CEO & Founder of ComPilot.

“At Nomadic Labs, we are delighted to have supported the deployment of ComPilot’s solutions on Tezos. With the implementation of regulations like MiCA in 2024, compliance is a key issue for blockchain projects. Having tools like ComPilot is essential for ensuring the secure and sustainable development of projects on Tezos,” added Cédric Roche, Adoption & Support Director for France, Benelux, and Germany at Nomadic Labs.

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, regulatory-compliant environment. To learn more about how ComPilot can meet your specific compliance needs, visit [compilot.ai](http://compilot.ai).

About Tezos

Tezos is an open-source, energy-efficient blockchain trusted by institutions, developers, and businesses to facilitate secure and seamless value transfer in a digital environment. It is designed for the secure, scalable, and cost-effective deployment of digital assets and applications. As one of the first Proof of Stake blockchains, Tezos is globally supported and valued for its strong governance, long-term upgradability, and robust smart contract security. For more information about Tezos, visit http://www.tezos.com.

About Nomadic Labs

Nomadic Labs is one of the largest research and development centers within the Tezos ecosystem. Based in Paris, they are composed of more than 50 engineering researchers working on the development and evolution of the Tezos protocol. Nomadic Labs also help companies and institutions to use the Tezos Blockchain for their business needs, providing technical support in France, Luxembourg, Germany and Belgium To learn more, visit https://www.nomadic-labs.com and follow us on Twitter @LabosNomades.

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Nomadic Labs

Written by Nomadic Labs

@nomadicLabs

Nomadic Labs, based in France, is a research and development team composed of more than 50 people working on the Tezos core protocol.

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