Traceto.io - the decentralized network of KYC

chamika (48)in #blockchain • 6 years ago (edited)

I'm sure that almost every one of you has faced KYC (Know your client) procedure. This procedure is closely related to the world of cryptocurrencies: verification on exchanges and participation in many ICOs is impossible without this procedure. Know Your Customer (KYC) protocols which protect against AML and CTF violations have not been consistently adopted and complied with both in the real world and the virtual world by businesses, blockchain based network companies and exchanges. In the crypto space, limitation results from a number of factors such as the cost of implementing KYC, lack of experienced compliance team, and the pseudo-assumption that KYC compliance is antithetic to the anonymity of cryptocurrency. These have contributed to the inefficient and defective KYC processes currently in place. These issues of concern can be solved using blockchain and its allied technologies. Today I want to introduce you to the project, which can change the situation in KYC.it is Traceto

ABOUT THE PROJECT

Traceto is a project that is based on blockchain technology and AI technology.that will perform the role of authenticating (verifying) user and investor data around the world. Also, the project uses KYC - Know Your Customer, this procedure will identify the identity of the client. This procedure is carried out in order to exclude various incidents, such as money laundering, creditworthiness and others. This is done so that the customer who requests this procedure can understand that his client is not related to the above.

In a nutshell, the project is designed to solve all the problems that arise when passing KYC, both those who pass and projects carrying out KYC. The project will take on the difficult task of verifying customers around the world and will deal exclusively with this.

Traceto has more than 50 years of experience in the field of technology and finance. Traceto will be a decentralized digital network of KYC. This approach is very important because all our data will be reliably saved and again our data will not belong to a separate project or person.

The platform will consist of three main components:

• A corporate request is a request from any crypto business, whether ICO, stock exchange and so on, to gain access to users of past KYCs for a fixed period of time.

• User - the person who is in the database Traceito. After careful checks, his data is confirmed and entered into the Traceito network. The data is constantly checked.

• A verifier is a person who can earn Traceito tokens for performing tasks related to KYC. The verifier undergoes more stringent checks than users and is subject to them more often. Verifiers also serve as supervisors for these users.

Advantages Of Traceto

The developers promise a new platform with many advantages:

* Well-designed, user-friendly interface;

* High degree of protection against hacker attacks and viruses;

* Transparency;

* Security;

* Ensuring effective control and monitoring of customers;

* Fast and accurate information processing;

* Online execution of transactions;

* Compatible with all modern devices;

* Round-the-clock support.

How will the system work?

Customers (for example, ICO, Exchange, etc.) Order KYC for your services and make T2T deposits for payment. the identity of the service provider (Cynopsis) is checked. Artificial Intelligence (located on the side of Cynopsis together with a secure repository), analyzing tasks, checking the "black list", deviations from "normal" data and transactions. At the same time, users are checked through the community.

This work is performed by real people (verifiers) who receive tokens for this. you must have tokens in own wallet. The remuneration verifier rest on the number of works performed (check), the rating (reputation) and the number of tokens stored in his wallet. Trust in employees will be achieved through the training system and its ranking (the rank will be reduced if the decision is rejected by an appeal).

Traceto and the competition

ICO info

it Starting from May 21, 2018, Traceto will conduct a token sale where it will distribute 40% of its token supply of 1,000,000,000 T2T tokens. The hard cap of the sale is 30,000 ETH
In connection with the increase in the cost of ETH since April (when the first sales of tokens were started), the project reduced the price of tokens and hardcap T2T. The new price is 0.000075 ETH for T2T, and the new hardcap-30,000 ETH.

Early access sales and public sale
Allocated 6000 ETH
21 May 2018 08:15 UTC (11:15 MSK) will last 72 hours
Minimum deposit: 1.41 ETH (until May 21, 2018, 04:00 UTC (07:00 GMT))
Minimum Deposit: 5371.43 RKT or 1.41 ETH (for 18,800 T2T)

There are no restrictions on the purchase.
Bonus: 5% (will be blocked for 3 months)

To receive the bonus, it is necessary to deposit at least $ 1000 USD (Equivalent in RKT or ETH) to your GBX account before May 21, 2018 at 04:00 UTC (7:00 MSK)Public sale will begin on 08.06.2018 at 08:15 UTC (11:15 Moscow time) and will last until the end of the month.

More info on token sale - https://www.traceto.io/token_terms.html

Roadmap

https://traceto.io/clients.html

CONCLUSION

Traceto is a promising project that can cover a great demand for KYC, become a truly reliable network in which it will not be terrible to download your own data and make our crypto-currency world much cleaner and more attractive for regulators. I think that such a project is very important, it can be an excellent investment in connection with the rapidly developing market of ICO and cryptocurrency in general. The idea of this project will be very convenient for companies that conduct KYC and users, so this project has every chance of success. Personally, I consider the project to be very promising and will observe with great interest its development.

ALL INFORMATION ABOUT THE PROJECT

• Twitter https://twitter.com/tracetoio

• Facebook https://www.facebook.com/traceto.io

• Website https://traceto.io/

• Whitepaperhttps://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf

• Telegram https://t.me/tracetoio

• ANN topic: https://bitcointalk.org/index.php?topic=2911588.0