On September 11, at the TimeStamp Summit in Singapore, Cointime interviewed KryptoGO CEO Kordan Ou to discuss KryptoGO’s development vision and the various regulatory issues facing the current development of the Web3 industry. Through this conversation, we have a good understanding of KryptoGO’s development strategy and the help it provides to Web3 companies.

Cointime：

Briefly introduce yourself and your project.

KryptoGO:

KryptoGO has gained a deep insight into the challenges of entering the Web3 space through its long-term growth with users in Taiwan and around the world. With the support of the National Development and Venture Fund, we actively work with industry partners, associations, governments, and regulators to promote innovation in compliance technology and artificial intelligence research.

We at KryptoGO focus on three core businesses:

First, we will continue to provide KYC/AML compliance technology services to the financial and banking sectors to improve efficiency and ensure compliance;

Second, it provides a one-stop solution for enterprises to transform from Web2 to Web3, helping them overcome market access and technical barriers, while providing brand users with the best Web3 experience;

Finally, wallet services are provided to end-users of Web3 to solve problems related to security and interconnectivity. KryptoGO also fully integrates artificial intelligence technology into its workflow and products to efficiently assist customers in solving problems encountered during the growth stage.

Cointime：

Regulation and compliance have always been hot topics in the industry, and KryptoGO has a lot to say in this area. So, what do you think of global regulatory issues? What impact does it have on KryptoGO's business?

KryptoGO:

Regulation is bound to make the subsequent development of centralized trading more difficult. Strict regulation will compress the survival space of exchanges and have a great impact on their services. For example, when it comes to deposits and withdrawals, funds may be recovered and frozen due to any problem when facing regulation. In addition, it will be difficult to have global exchanges in the future, and they will gradually be split into regional ones to facilitate supervision.

When it comes to wallet services, centralized wallets will also encounter similar situations as exchanges. In this case, centralized wallets will have room for development, but decentralized wallets do not have the so-called third party to provide security. At this time, how can you ensure the safety of your funds? Now we at KryptoGO hope to play this role. We help users to identify the security of the on-chain address and the security of the contract when the wallet is used, and eventually become a security consultant. At the same time, we also combine social scenarios. Its usage habits are the same as WeChat. Transfer transactions no longer require additional addresses. You only need to download KryptoGO and use KryptoGO uniformly for transfers. This is our development direction. I believe that in the increasingly improved regulatory environment in the future, we will also have a lot of room for development.

Cointime：

KryptoGO recommended the KryptoGO Studio product in August. Can you introduce the functions and uses of KG Studio?

KryptoGO:

First of all, we launched our studio product in August. KryptoGO Studio is an end-to-end Web3 solution tailored for blockchain and cryptocurrency businesses, committed to ensuring safe, efficient and compliant operations. We launched KG Studio in the hope of providing enterprises with a one-stop, secure and compliant peer-to-peer market application. We hope that enterprises can solve the three key challenges faced by global Web2 enterprises entering the Web3 field through the smart solutions provided by KG Studio: identity interoperability, technical security and user experience. Therefore, KG Studio is not just a technical solution, but also a strategic partner, because we hope to grow together with those enterprises entering the Web3 field.

In addition, the KG Studio application can also provide enterprises with more convenient, fast and secure multi-chain wallets, compliance technology, encrypted financial management, innovative NFT marketing tools, user management and intelligent analysis. All these functions are designed to facilitate enterprises to succeed in the Web3+AI era.

Cointime：

What are the obstacles and challenges for Web2 companies to enter web3? What problems can KryptoGO help solve?

KryptoGO:

According to what we have observed in the course of our development, we now see three major problems with enterprises embracing blockchain. The first is compliance supervision, because the costs on and off the chain cannot be recorded together. The second is that the technical threshold is too high, which may lead to security concerns, so enterprises are reluctant to use it. The third major problem is that we believe that it involves Crypto, and many enterprises are hesitant about whether to adopt Web3 technology.

Therefore, we at Krypto GO have launched our own solutions, such as the KG Studio mentioned above. Through the services or products we provide, we help companies quickly build applications on our platform in a one-stop platform. This application may be a wallet application, or an NFT short tool, or even user on-chain and off-chain analysis. So if you look at the entire link, we are actually facing the entire user journey, from the initial user login and registration, to customer identity review, identity verification, deposits and withdrawals, and finally to transactions, asset management, retention and other processes are all controlled uniformly through our platform.

This helps Web2 companies take the lead in entering the Web3 era, reducing costs and accelerating market entry. At the same time, we provide user-centric design, strong security and privacy measures, and flexible cryptocurrency fund management, which also ensures that companies maintain a competitive advantage in the rapidly developing Web3 world.