THE TRACETO.IO NETWORK.
INTRODUCTION
In the last couple of years, regulatory measures relating to anti-money laundering (AML), has cost the banking and finance industry at least USD 321 billion cumulatively since the Global Financial Crisis. Convoluting the issues is the evolution of the digital world. In particular, the boom of cryptocurrencies, built around preventing the anonymity of transacting parties.
Traceto.io is built on the terminology and the principle of Know Your Customer (KYC) processes, which protect against AML and CTF. Traceto offers inclusive KYC solution to cryptocurrency market participant, this done by fusing smart contract and artificial intelligence technologies. Based on traceto.io seeks to revolutionize the e-KYC process, over five decades of experience in compliance amongst the founding team and advisors, eliminating the gap between physical and virtual world KYC processes.
An ERC 20 token the Traceto token (T2T), will be issued. This utility token is the primary token used for traceto.io's smart contract. Know your customer systems of yesterday present a myriad of problems. Issues include data security, lack of efficiency and privacy, data siloing, unstable outcomes of KYC, vulnerability to social engineering and a lack of reusable KYC. The world is moving towards decentralization. In this new world, an application cannot be owned by an individual or an organization, especially when that application deals with the privileged personal information. Such aggrandization of power has great potential to result in systemic abuse from both internal and external factors. Thus, a system that is decentralized, privacy-preserving, and self-sustaining is called for.
THE TRACETO.IO NETWORK
The traceto.io network is a very simple and well-implemented framework. By addressing these challenges, and fusing smart contract and artificial intelligence technologies, the traceto.io network provides the first inclusive "real world" standard KYC solution for the virtual world.
How the traceto.io Network works.
A user who is interested to join an initial coin offering (ICO) or Exchange is redirected to the traceto.io Decentralised App. The user proceeds to upload their documents, which are then encrypted and stored within the application. Consent from the user or community courts is required to view these documents.
THE TRACETI.IO ROADMAP
Over the last few months, traceto.io has grown rapidly. Our goal remains unchanged — to promote regulatory inclusion and to abstract all manual or analog processes by making the regulatory and compliance framework a seamless experience.
Presenting our roadmap:
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TOKEN DISTRIBUTION
40% - Token Sales
25% - Marketing, Ops, and Admin
10% - Company Reserve
25% - Team and Advisors
TOKEN SALES
Total Token Supply: 1,000,000,000.00
Available tokens for sale: 400,000,000.00
Accepted Currencies and Exchange Rates:
1 RKT = 3.50000000 T2T
1 ETH = 13333.34000000 T2T
Start Date:
08/06/2018 08:15 (UTC)
End Date:
30/06/2018 23:59 (UTC)
For information about the this unique ICO
Telegram: https://t.me/tracetoio
Telegram Announcements Channel:
https://t.me/tracetoannouncements
Website: https://traceto.io/
Twitter: https://twitter.com/tracetoio
LinkedIn: www.linkedin.com/company/traceto-io-pte-ltd/.
For Bounty Campaign, please visit this site for more information: https://bitcointalk.org/index.php?topic=3439768.0
THIS ARTICLE WAS WRITTEN BY TEMI JENNIFER
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1719640
EMAIL: [email protected]