Dominode, a Boca Raton, Fla.-based developer of verified identity solutions for regulated industries, closed on a $1.3m venture capital funding.
New York-based Blockchange Ventures made the investment.
The company intends to use the funds to accelerate development of the Dominode Digital Passport©.
Led by John Toohey, CEO & Co-founder, Dominode provides Dominode Digital Passport©, a suite of proprietary solutions to protect, secure and authenticate digital identity for professionals and businesses operating in regulated industries around the world.
The Dominode solution leverages blockchain, smart contracts and crypto technologies to give professionals and businesses direct control over their identity data that exceed current standards of privacy, protection, and portability. Further, regulators and oversight agencies are provided a compliant, secure and scalable solution to leverage the verification efforts of peer agencies while adhering to legislated privacy obligations.