1) Part 2/1
Having covered the basics of Shyft Veriscope last week, it's time to go up a notch and understand it in a bit more detail. π
However, we will keep it simple and cover various key segments of Shyft Veriscope over the next few days.
So, here we go.πΆββοΈ
Having covered the basics of Shyft Veriscope last week, it's time to go up a notch and understand it in a bit more detail. π
However, we will keep it simple and cover various key segments of Shyft Veriscope over the next few days.
So, here we go.πΆββοΈ
2) Let's first refresh on what Shyft Veriscope is!
It is an end-to-end solution to comply with the #crypto Travel Rule. π‘
Shyft Veriscope comes with:
β RESTful APIsΒ
β Webhooks
It is an end-to-end solution to comply with the #crypto Travel Rule. π‘
Shyft Veriscope comes with:
β RESTful APIsΒ
β Webhooks
3) What are RESTful APIs? π€
Think of RESTful APIs as a mechanism that enables VASPs (read: #crypto businesses) to exchange data between them securely over the web.
And they grant an impressive deal of flexibility to VASPs.
Think of RESTful APIs as a mechanism that enables VASPs (read: #crypto businesses) to exchange data between them securely over the web.
And they grant an impressive deal of flexibility to VASPs.
4) What are webhooks? π€
Webhooks are a kind of message or notification that Veriscope sends to inform VASPs about an event.Β
The event where webhooks are triggered can be attestation, acceptance, or rejection of KYC, etc.
They are a crucial part of the Veriscope solution.
Webhooks are a kind of message or notification that Veriscope sends to inform VASPs about an event.Β
The event where webhooks are triggered can be attestation, acceptance, or rejection of KYC, etc.
They are a crucial part of the Veriscope solution.
5) For instance, let's say a KYC request of a VASP is accepted.
This can be defined as an event. So, in this case, a webhook will be triggered.
And the respective VASP will receive a notification about their KYC being accepted.
This can be defined as an event. So, in this case, a webhook will be triggered.
And the respective VASP will receive a notification about their KYC being accepted.
6) If you have missed and want to know the basics of Attestation, check one of our previous posts π
https://twitter.com/shyftnetwork/status/1593651955506757638?t=XIsjuHd74Bpti8lJvKCb0Q&s=19
7) Shyft Veriscope also supports on-premise installation.
This means the Veriscope solution can be installed & run on VASP's internal servers.
So, no third-party hosting is involved in the process, which means better security for user data.
This means the Veriscope solution can be installed & run on VASP's internal servers.
So, no third-party hosting is involved in the process, which means better security for user data.
8) Do you have any questions? Leave them in the comments below & we will make sure to answer them asap!
@threadreaderapp unrollΒ #Veriscope #TravelRule
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