DECENTRALIZED VERIFICATION ON BLOCKCHAIN: TRACETO

in #crypto6 years ago (edited)

The extension of blockchain platforms and the investors’ proprietary interest in ICO projects lead to the fact that managers can not physically keep track of all users.

They leave out sensitive documents, even reject applications, spend a lot of time on application processing, fixing bugs. Traceto project minimizes the impact of the human factor and solves the problem of automation.

Characteristics

Traceto project was created by Cynopsis Solutions Pte. Ltd from Singapore. The company has experience in project release: ICON, Quantstamp, KyberNetwork, TenX, Republic Protocol, Gifto, Qlink, Bluzelle.

The project operates on decentralized network, which is called KYC - Know Your Customer. The network will be used by cryptocurrency projects and blockchain platforms. Project also uses the technology of smart contracts and artificial intelligence (AI).

Verification is paid by customers (they buy tokens and pay for checking their users).

User who wants to invest in ICO project will be redirected to Traceto Verification system. He loads the documents. Next stage is passing KYC validating. The data is stored as a dApp cipher. The AI ​​checks operations and other necessary processes.

The KYC solution defines and performs the main 4 tasks:

  1. Who are you? The system explores and verifies the person.
  2. Who is not you? The network determines whether the user is in the politically exposed persons list or persons wanted or terrorists.
  3. What did you do? The system monitors suspicious transactions by identifying sources of funds.
  4. Are you still who you were? The network commits the client's activities.

For the third party access to the user's data, a vote is taken. A legal entity requesting information about a particular person can be the third party.

The main project clients in ICO crypto are:

Akropolis, Bankex, Bitcoin.co.id, BlueMeg, Bluzelle, Conhako, Coinfi, Coss.io, CloudMoolah, Drop Deck, Electrify.sg, Eximchain, Finterra, GibraltarBlockchainExchange, GiftoCandy, ICON, Kyber Network, Kenetic Capital, LaLa World, Medibloc, PolicyPal Network, Quantstamp, Qlink, Tomocoin, Tokenomy, Zilliqa, Vaultbank.

Tokens sale

The remaining unsold tokens will be burned. Command tokens can be blocked for more than 2 years. Backup tokens ー over 1 year. Blocking excludes creditworthiness, money laundering.

Key milestones:
Testnet ー July - December 2018.
Service start ー Q1 2019

The tokens value will grow and the standards of KYC and AML are tightened. These processes generates increase in demand for project services.

The project uses the client base of Cynopsis, so it will be able to quickly build up its own capital. Despite the presence of serious competitors in the market, it is conceivable that Т2Т tokens will end at the Pre-sale due to the large investors’ proprietary interest.

How to buy

Early Access Sale
Date: 21 May 2018 (0815 UTC)
Minimum Contribution: US$1,000.00
Maximum Contribution: US$5,000.00
Bonus: 5%

Public Sale
Date: 8 June 2018 (0815 UTC)
Minimum Contribution: 0.5 ETH
No Maximum Contributions
Do register for an account on GBX now at https://platform.gbx.gi/register!

Team and Contacts:

Website: https://traceto.io/
E-mail: [email protected]
Twitter: https://twitter.com/tracetoio
Whitepaper: https://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf
Telegram: https://t.me/tracetoio
Facebook: https://www.facebook.com/traceto.io

About author:
Bitcointalk name: yareklamator
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1198671

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i vote you post

@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.

https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam

are you can vote me

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