Blockchain technology is evolving at a rapid rate worldwide. Basically, it is a Bitcoin block explorer service. In addition, it serves as a cryptocurrency wallet and a cryptocurrency exchange supporting Bitcoin, Bitcoin Cash, and Ethereum. They also provide Bitcoin data charts, stats, and market information. 40th GITEX Technology Week had many booths that advocated and employed the use of this technology. TechX Pakistan decided to talk with one of them that went by the name of Nilni.
What is Nilni?
Nilni is a company that works in the blockchain and banking sectors. Adding up, CEO of Nilni, Mr. Siavash Tafazol told the team of TechX Pakistan that they have an online banking platform that is currently serving and satisfying around 500,000 users.
Moreover, Nilni has developed its very own blockchain based mobile wallet application. The CEO explains that this is a result of the company adopting a KYC (Know Your Customer) approach and solves issues. Another special feature of their app is that it can compare the facial identities of individuals with their government records and coordinate accordingly.
(Read about another company working in the blockchain sector)