Knowing Your Customers - KYC
If your involved in cryptocurrencies you have probably heard of the word KYC and have been affected or involved with it. Maybe your favorite crypto exchange that you have used for years suddenly disables your withdraws until you verify your identity. Or if you were an ICO investor, many require restricted KYC - If you live in specific countries, you need to be a "Accredited Investor" before being able to invest.
This is due to the growing regulations adopted in cryptocurrencies markets which, as it is necessary for the world to grow into worldly adoption.
KYC is quickly becoming the approach to identity verification and regulation as it helps protect against terrorism funding, money laundering and other illegal purposes.
The problem is that the current system is immature and difficult to implement into cryptocurrencies and related projects
Projects lack the resources and funding to create a secure and effective KYC process
The current mindset is that anonymous funding makes rules of low priority
The cost associated can deter projects from compliance
It is known that physical fiat banks spend billions each year on KYC processes and the trend is only expected to accelerate as the world becomes more connected. Where-as Blockchains offer the potential to dramatically reduce the costs along with increasing personal data privacy and security to the users. The need for a decentralized system for regulation and compliance is becoming increasingly necessary and Traceto.io is recognizing the potential in developing such a system.
Traceto.io will revolutionize KYC and compliance systems
Backed by an established regulation-technology company, Traceto.io will possess the development staff with decades of experience in regulation, compliance, technology, and finance to create a revolutionary virtual KYC platform.
Initially, the companies focusing on the market or entering through the Initial Coin Offerings (ICO's) as the area currently offering the most opportunity to provide a catered solution and experience growth company.
After Traceto.io has established a successful network and partnerships, the company will branch into other areas such as employee and supplier verification with future potentials to enter into credit reporting and product suitability recommendations.
Traceto.io KYC Focus
Traceto.io Is the launch of Cynopsis Solutions Pte from Singapore. Ltd., which has a strong market position and priceless experience, designed to greatly encourage the development of the Traceto project. Traceto Network is a decentralized KYC network (Know Your Customer), which provides KYC with enterprise crypto and locking using SmartContract technology and artificial intelligence technologies. Traceto Network provides the world's first KYC solution for the virtual world in the world. A client wishing to participate in ICO is sent to the Traceto application, where he downloads the necessary documents and passes the KYC examination. In addition, this data is stored in dAPP in encrypted form, and IA monitors the operation and performs the remainder of the declared function. The number of ICO projects will increase,
Within a few years, Traceto will be included in the best companies in this segment, this will allow token owners to increase their capital. At the ICO company, a large number of participants and managers have no time to follow all participants for everything, sometimes losing some points and sometimes even mistakenly due to the influx of users rejecting KYC applications from real users. And besides that, application consideration sometimes takes a long time. But thanks to the use of SmartContract technology and AI (the Artificial Intelligence team of this project has achieved automation - hence one of the main problems has been solved, because now the verification speed will be much faster and more accurate because the human factor will be excluded.
In this ecosystem will use an ERC20 token based on Ethereum.
Token sell:
Token Type: ERC20
symbol sign: T2T
Total token output: 1000000000
Amount sold: 400 000 000
hard stamp: 35,000 ETH
gently stamped: ALL 150ETH
Accept: ETH
Cost: 0,0000875 ETH = 1 T2T
The Team Token has a key period of more than 2 years.
This procedure is done to exclude incidents, such as money laundering, creditworthiness and more. This is done so that customers requesting this procedure can understand that their clients are not related to the above. A user who wants to take part in ICO receives Traceto a project application, where it provides all the documents and does not need to pass KYC procedures. Then all data that has been provided will remain encrypted to AI that has been in the future will monitor and carry out other tasks. ICO Traceto Project.
ALL INFORMATION ABOUT THE PROJECT
Twitter https://twitter.com/tracetoio
Facebook https://www.facebook.com/traceto.io
Website https://traceto.io/
Whitepaper https://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf
Author : doy17
Profile : https://bitcointalk.org/index.php?action=profile;u=1701501
Eth : 0xB17500134c9cECBE14353a5ecb2d860fc840DF24
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