Credits testing KYC blockchain on the Isle of Man

Blockchain specialist Credits is following a well-established tradition of testing new technologies on the Isle of Man, and a decentralised KYC application the team is working on also leverages the jurisdiction's financial services pedigree.

Nick Williamson, co-founder of Credits told IBTimes: "In general what we are doing is using the Isle of Man as a test spot for the things that are perceived as either politically, technologically, or are risky from a regulatory standpoint in larger, less agile jurisdictions.