Pi Network Co-Founder Details New KYC Plans and Service Push

TLDR

• Dr. Nicolas Kokkalis shared new updates about the Pi Network KYC system and its future direction.
• He said the community spent years building an in-house KYC solution for global coverage and scalability.
• The system combines identity checks, sanction screening, and compliance tools in one platform.
• The Core Team built the solution internally to maintain control and protect user privacy.
• Pi Network plans to offer its KYC technology as a service to other Web3 and traditional businesses.

Pi Network co-founder Dr. Nicolas Kokkalis outlined new details about the project’s KYC system and plans. He addressed ongoing concerns about failed migration processes and identity verification delays. He also said the team plans to expand its in-house KYC solution beyond the internal ecosystem.

Pi Network Expands Focus on In-House KYC System

Dr. Kokkalis said the community spent years building the Pi KYC solution. He explained that the system supports global participation while protecting user privacy. He added that the network designed the platform to reach broad geographic coverage and scale efficiently.

He stated that the solution combines identity verification, sanction screening, and compliance checks. He said the Core Team invested heavily because KYC supports network integrity and authenticity. He also said the team wanted to prevent users from paying out of pocket for verification services.

He described KYC as a critical but unsolved issue in Web3 systems. He said the team chose to build the solution internally instead of outsourcing it. He added that this approach allows direct control over processes and compliance standards.

Dr. Kokkalis said the system uses a hybrid model that combines artificial intelligence and human verification. He explained that this model helps ensure accuracy and reduce fraud risks. He also confirmed that the solution operates as a completed system within the network.

Future Plans and Community Response

Dr. Kokkalis said the next phase will position the KYC system as a service. He stated that Pi Network plans to offer its technology and product to other Web3 projects and traditional firms. He clarified that the company will not share user data when offering the service.

He said the team aims to address identity concerns in financial and information transfers. He explained that every transfer raises questions about the identities of the involved parties. He added that the in-house system can provide verification support for such transactions.

He confirmed that developers are working on extra security steps, including fingerprint verification. He said these measures aim to prevent data loss and protect user information. He also said these features may support onboarding non-Pi users into the ecosystem.

User reactions on X showed mixed responses following the announcement. Some users supported the move and said a KYC platform could drive real-world utility. Others criticized migration delays and claimed long-term miners still cannot access their Pi coins.

One user wrote, “If Pi KYC becomes a true platform capability, that could be a major step toward real-world utility.” Another user responded, “You are preventing people who have mined for six years from claiming coins.” Dr. Kokkalis did not address individual migration complaints in the post.

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