TRACETO.IO
KYC- Know Your Costumer is a policy in which financial organizations request and verify the client’s personal data before interacting with it. In the ordinary life, such a policy meets very often, practically in all financial institutions, and with the development of Internet technologies, it is increasingly observed with online registrations.
At the same time, the area of the crypto-currency economy is moving ahead in development by leaps and bounds. The countries of the world can no longer ignore it, as its capitalization is growing every year. Governments are already beginning to work in this industry and are trying to take it under control in order to protect their citizens and control financial flows. Financial organizations that first came under control are the crypto-exchange markets. More and more stock exchanges require compliance with the “Know Your Customer” policy. Japan, which is the most progressive country with respect to crypto-currency, gives licenses for the work of crypto-exchange exchanges. And to trade on these legal platforms without passing the procedure KYC is impossible.
The cost of verifying data for companies varies widely. This procedure requires the participation of a person and time. For example, from my own experience, I would say that I tried to do the identity verification procedure on the Kraken exchange, where the exchange issued a message that it would take 2 weeks. Naturally, this option did not suit me, and the exchange lost a potential client. User convenience is the key to profit and now there is no convenient, universal and fast tool for checking identity. Companies lose thousands of customers every day, which could bring million income.
The introduction of KYC principles on all leading crypto-exchange exchanges is a matter of time. Now, even on new token-calls, you are increasingly being asked to undergo the procedure “Know your customer” and this is just the beginning. In the future, this will require almost all projects related to finance.Now that we have seen the importance of KYC, I will introduce the ico TRACETO.IO :
Traceto.io is a decentralized network of “Know Your Customer” (KYC), which provides a comprehensive solution for KYC for crypto and block companies, fusing Smart Contract and Artificial Intelligence technologies. Based on more than 50 years of experience in Compliance and RegTech, the vision of traceto.io is to bridge the gap between the real and virtual processes of KYC in the world.
hardcap: 35000ETH
price: 0.0000875 ETH per T2T
How will this make life easier for ICO participants? Those who participate in many ICO projects, not firsthand know what KYC is and very often they face it, and after all the documents are checked by ordinary people and verification can be delayed for several days and even weeks.
Traceto wants to automate this process with the help of resources big data, identify users and enter all the necessary information in the block.And now imagine, if you implement this project in various areas of life, where verification of customers, for example, banks, is required. There is a huge potential that this startup conceals in itself.
One of the big pluses is a team that consists of real professionals with an impressive experience in verification, you can read it on the site.
I will definitely participate in this project, and it will undoubtedly be one of the most successful this year.
Telegram: https://t.me/tracetoio
Website: https://traceto.io/
Twitter: https://twitter.com/tracetoio
LinkedIn: https://linkedin.com/company/traceto-io-pte-ltd/
Whitepaper: https://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf