Avarta offers insights Into the Future of Authentication at Tokocrypto Sembrani Blockchain Accelerator Demo Day

April 18, 2022

Avarta Co-Founder and Chief Operating Officer Hong Loon presented to participants detailing Avarta’s mission, vision, and approach to offering users a secure, user-controlled authentication layer in Web 3.0 at the Tokocrypto Sembrani Blockchain Accelerator (TSBA) Demo Day earlier this week. 

Why Avarta’s Participation in the Tokocrypto Sembrani Blockchain Accelerator Is a Milestone Moment 

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The Tokocrypto Sembrani Blockchain Accelerator (TSBA) is Indonesia's first Blockchain accelerator, a Joint Initiative by BRI Ventures, the venture capital arm of Indonesia’s leading state-owned bank, BRI, and Indonesia's top cryptocurrency exchange, Tokocrypto. This inaugural program attracted top-quality start-ups from across the region and 13 finalists were chosen, with Avarta being part of it. It offers post-seed startups working on blockchain and tokenization technology access to an eight-week program featuring partner experts in Web 3.0, including 

  • Openspace Ventures 
  • Binance 
  • Sequoia Capital
  • UOB
  • Animoca Brands
  • DeFiance Capital
  • Withersworldwide
  • Consensys
  • Signum Capital 
  • Solana

TSBA provides workshops, networking opportunities, and mentoring to projects looking to expand their presence and get closer to achieving their vision. Graduating from the program means not only drawing the eyes of the above venture capital funds, but it also means Avarta has the opportunity to connect with key constituents which helps our mission of becoming the most trusted authentication layer in Web 3.0 space. 

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Why did Avarta capture  the attention of TSBA Accelerator Program ?

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In 2021, the concept of adding a biometric layer to a blockchain authentication process was conceived followed shortly by the Avarta whitepaper being written with a clearly defined roadmap. 

Now in 2022, the focus has shifted to launching the testnet for the Avarta wallet on five different blockchains, including Ethereum, BNB Chain (BSC), and Solana. By the end of the second quarter  they aim for a mainet release which  will likely coincide with the first release of their Trust Score Methodology. Towards the end of the year, testnet implementations of Trust Score methodologies are going to be in the works and the official release of them will coincide with the launch and development of more Avarta wallet features.  

More on the TSBA Demo Day

Host Alina Bramanto kicked off TSBA’s Demo Day on Monday via a live stream that included several other TSBA projects conducting overviews of their brands, their strategies, and their broader visions.

Hong Loon engaged  audiences with his presentation around the one-hour 44-minute mark of the live stream.

Remember Why Avarta Exists in the First Place

Avarta is reimagining trust through three different layers that take authentication to the next level in Web 3.0. Hong  Loon dives into these layers during his presentation:

Compliance

The Avarta Network features an Antibot that helps prevent malicious bots and eases the whitelisting process. Doing both of these things is paramount to creating an authentication layer that users can trust.

Differentiation

Avarta’s multi-chain wallet aggregator allows for Trust Scoring, which gives users access to differentiated products such as loans that require lower levels of collateralization. Over-collateralization is a deterrent for many investors in the DeFi space, and the lack of ability to verify user trust is the reason the concept exists. 

Security

Avarta offers the world a multi-signature, private biometric wallet intended to protect every single transaction a user might engage in. This keeps funds safe and secure in a simple seamless manner.  

Avarta’s Presence at TSBA’s Demo Day Proves There Is an Exciting Future Ahead

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Avarta’s vision is clear, and the milestones outlined in Avarta’s roadmap are being achieved steadily with the strong core team behind it. The  private investment round closed  with investors such as Tokocrypto  BlocTech,, Ex Capital, Magnus & Marshland  backing the project. Their existing  partner base  includes some of the brightest names in both the blockchain and technology world including Unstoppable Domains, KPMG Digital Village, Facetec and National Cyber Security Centre. That’s exciting!

Join the TSBA, Hong Loon and the rest of the Avarta team as we look to reimagine the authentication layer for Web 3.0 in ways no blockchain project has ever done before.

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