GreenBank Capital Inc (CSE:GBC) CEO Terry Pullen tells Proactive that Substantia Group, which is wholly owned by its 19%-owned portfolio company Staminier Limited, has signed a condition-dependent letter of intent to purchase a significant shareholding in Identify (ID), a cloud-based, blockchain-backed security and identification platform.
ID seeks to simplify, streamline, and radically improve the management, storage and sharing of security and KYC (know your client) identification documents across all sectors, including finance and banking, healthcare and medical records, travel documentation, insurance, housing and utilities, and legal, among others.