Bounty0x, a decentralized bounties network enabling anyone to manage bounty programs, and hunters to receive payments for completing bounties, today announced that users can now employ a BloomID to show they have a verified identity, allowing them to participate in campaigns that require KYC verification.
Bloom allows users to create a cryptographically secured identity powered by the blockchain. Bloom gives consumers ownership over their identity and financial data. By decentralizing the way that information is shared between untrusted parties, the system reduces risk of identity theft and minimizes costs associated with customer onboarding, compliance and fraud prevention.
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