According to reports from CoinWorld, the blockchain identification platform 1Kosmos has announced the completion of a $57 million Series B financing round, led by Forgepoint Capital and Oquirrh Ventures under Origami, with participation from Craig Abod, founder and president of Carahsoft, NextEra Energy Ventures, Gula Tech Adventures, and the management team of 1Kosmos. 1Kosmos utilizes personal identification information (PII) for encryption and storage on a private, permissioned blockchain to help enterprises transform identification into business drivers, advancing the future development of identity verification and passwordless identification.

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