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Blockchain startup Humaniq inks deal with Deloitte

Humaniq, a blockchain startup focused on financial inclusion, has entered into a partnership with global auditing firm Deloitte.

The startup’s first three operational priorities are Africa, South/Central America, and some parts of Asia, and plans to expand gradually to the rest of the world. It has been conducting pilot tech projects in India and is starting in Africa in the next few months, according to the official release.

Humaniq said that it is aware of the forthcoming challenges in the areas of IP, legal and operational structure. To that end, it believes that Deloitte is the right auditing and innovation firm to manage its structure and operational efforts in multiple countries and locations.

While announcing its strategic partnership with Deloitte, Humaniq wants to highlight its intellectual property and legal efforts with a powerful global company. In addition to the aforementioned, Deloitte will also provide industry-leading audit, consulting, tax, and advisory support to Humaniq.

“Through this new partnership, Humaniq and Deloitte ultimately want to help establish sustainable and structured operations to enable more financial inclusion, justice and strong institutions on a global scale”, Humaniq said in its official release.

Humaniq aims to repurpose science and technology for the good of the world. Besides financial inclusion, it also seeks to provide biometric identity to address serious issues such as human trafficking and modern slavery. The beta version of its fintech application was recently launched in Google Play for Android phones and simply requires a new user to register using their biometric identity by snapping a photo through a face-recognition algorithm.

Co-founded by blockchain technology visionary Alex Fork and AI expert Dmitry Kaminskiy, Humaniq is breaking international crowdfunding records with a total value of $4,278,481 and 10,544 participants at the time of writing. The Initial Coin Offering (ICO) will end on 27th April 2017.

More recently, the startup announced that it is joining Barclays open innovation programme Rise in London.

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