Netki The DNS of blockchain

Netki is a fast-emerging startup company, focused on providing services which simplify usage of bitcoin digital currency setup. Founders Justin and Dawn Newton, aim to provide a user-friendly environment for online identity projects. Both have been involved with early internet companies, providing them with vast experience of initiating new products and services. So far Netki has launched Wallet Name Service and numerous other features, providing simplified usage of bitcoin services. This is attracting more novice users towards digital currency technology. Promotion of bitcoin scalability and security are at the forefront of Netki’s efforts. Numerous software developers are using their provided naming service libraries, to directly integrate them within their software applications. Similarly, benefits for other companies involved with the usage of digital currency are enormous.
Bitcoin has revolutionized the concept of digital currency with its decentralized approach, providing excellent cryptographic services for technology enthusiasts. Yet with its growing outreach, barriers to wide scale adoption of this technology have remained substantial, especially for those lacking strong inclination towards the use of technology. The major reason behind this issue is the address structure of digital wallets provided by bitcoin. Such addresses are lengthy, hard to memorize and often times scary for beginners planning to adopt this platform.
With Netki’s Wallet Name Service, complex combinations of digits and strings like ‘1dffgdfgfdhytrtyX789kiolpiedsf2389’ will be replaced with much more human-friendly versions like ‘maverick.utah.99’. Such shorter wallet names are easier to share with other users and are sure to ease barrier to entry for this emerging technology. Just imagine what internet would be like without (Domain Name Service (DNS) as it provides all the alias to IP address mapping and vice versa. It is easier to work with web aliases rather IP addresses of websites. NetkiWallet Name Service is like the DNS of bitcoin world.
Another feature, very much close to the world of web domains, is the secure identity certificate for the blockchain, just like SSL certificate used for secure web communications. Newton plans to launch this service soon. He is very much aware of the diverse benefits that this mechanism can provide for the blockchain users, especially with regards to regulatory compliance of OFAC (Office of Foreign Asset Control) and FinCen’s travel rule. Though Newton hasn’t come up with a price for such a certificate yet, but he feels it surely won’t be a cost burden.
Netki has been able to raise $3.5 million in seed funding from O’Reilly Alpha Tech Ventures. With the sort of services offered and a fresh infusion of capital, future seems bright for Netki. The company is much expected to continue with its innovation process while strengthening its blockchain infrastructure industry footprint. Growing number of companies are also expected to partner with Netki which will help in the overall promotion of digital currency platforms across the globe. Founders are maintaining ample social media presence through Twitter and communicating smartly to dispel misconceptions regarding their services.