[ARGOS X DSRV] Providing Online Identity Verification (eKYC) Services

Today, we would like to introduce the case of DSRV, a global blockchain infrastructure company that has partnered with ARGOS’s ID check service.

The Rapid Growth of the Digital Asset Market and Security System Issues - The Increasing Need for eKYC Solutions!

With the rapid expansion of the digital asset industry, the blockchain-based payment market is also growing. At the same time, security system issues are becoming more prominent.

In 2024, approximately 6.8% of the global population owns digital assets, representing a 33% increase compared to 2023. This translates to about 562 million people worldwide.

According to TrendMicro, hacking incidents resulted in over $200 million in losses in June 2024 alone, with cumulative losses exceeding $8 billion. Websites that track blockchain hacking frequently report cases where millions of dollars are stolen, highlighting the ongoing evolution of hacking and security threats in the digital asset and blockchain market.

Companies providing related services must implement effective response strategies and preventive measures to protect their services and ensure secure usage.

AI-Based Verification System to Reduce Security Risks in the Growing Blockchain-Based Payment Market

To address these challenges, companies in the digital asset industry are adopting AI-based verification systems to reduce security risks such as identity fraud and money laundering.

Through its partnership with ARGOS, DSRV has not only established a robust customer identity verification (KYC) process but has also gained access to continuous monitoring capabilities to enhance security further.

ARGOS leverages AI technology in remote environments to provide fast and accurate identity authentication. Its remote identity verification (eKYC) service, ID check, is equipped with high-precision technology to detect identity document and facial forgery, ensuring both convenience and reliability for users.

How DSRV Utilizes ID check(eKYC) for Enhanced Security

The ID check service introduced by DSRV employs AI-driven detection mechanisms to identify various types of identity fraud and prevent identity theft attempts in advance.

Notably, ID check enforces a strict "one person, one account" policy, ensuring high-security standards while also supporting businesses in complying with legal regulations and preventing money laundering.

With the introduction of this service, DSRV now supports over 70 major blockchain networks, including Ethereum, Solana, and Polygon. In particular, DSRV ranks first in South Korea and ninth globally in the Ethereum staking market in terms of assets under management, overseeing more than $3 billion (KRW 4 trillion) in digital assets.

By integrating eKYC services, DSRV has successfully established an essential customer verification process for its blockchain-based payment system projects.

CEO’s Statement on Strengthening Security and Trust in Blockchain Payments

"Through this collaboration, we aim to provide a more trusted infrastructure for our customers in the rapidly expanding blockchain market.
We expect enhanced security and a safer payment experience for our customer base.
As a global blockchain infrastructure company, we plan to further strengthen our position in the industry."

— Kim Ji-Yoon, CEO of DSRV

This case is particularly meaningful as ID check has enabled DSRV to strengthen both trust and security as a leading company in the blockchain-based payment system sector. Moving forward, we plan to continue our strategic collaboration with DSRV to deliver differentiated value in the market.

As demonstrated by this case, ARGOS is committed to providing customers with safer and more efficient services while contributing to enhancing the trustworthiness of the next-generation blockchain-based payment market.