Dutch blockchain LTO Network, today announced that Proofi by LTO Network will make its identity data available to the multi-chain DeFi ecosystem via Chainlink, the leading blockchain oracle solution.
Chainlink is integral to this process, as it will help make identity attestations on the LTO Network available to the wider blockchain ecosystem. By enabling seamless identity KYC/AML verification for DeFi users, Proofi aims to make it easier for protocols and private companies to onboard new clients.
Ultimately this will enable DeFi projects to remain compliant with government regulations without having to store user data on their centralized servers.
LTO has selected to bring its data on-chain through the Chainlink Network because its secure, future-proof, and is the standard for connecting data providers with smart ..
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