The FATF Funds Travel Rule has received a lot of attention in recent months as the industry scrambles to work through the regulations, understand the implications and put in place the necessary technical infrastructure to become compliant in a short time frame.
I have been designing architecture for Verida and realised many of the same open standards can be used to address the FATF Travel Rule problems. As such, I started drafting a solution focusing on decentralisation, open standards and security.
I had been in the process of obtaining feedback on my proposed solution before releasing publicly, however I’ve decided to release it immediately in draft form in the hope it provides a useful contribution to the OpenVASP process.
In the interests of open collaboration, I have allowed anyone to add comments.
However, if you do add comments, please ensure you sign into a Google Account first. This ensures I can contact any contributor and helps ensure a transparent process.