ICO Traceto - Blockchain - KYC - A.I. - Compliance

rainm (25)in #ico • 6 years ago

ICO Traceto is a new decentralized platform on the blockchain ecosystem Ethereum. It is KYC (Know Your Client), or in other words, a protective mechanism for clients and various business structures, banks. The novelty has a complex algorithm. To date, the novelty has no analogues.

First of all, KYC allows financial institutions to protect their interests:

* to verify the identity of the client;

* set filters to optimize the number and type of transactions, ensuring optimal risk control;

* determine the level of risk of the client's activity (often used by security services);

* monitor all transactions, to calculate the dubious translations.

According to the developers, the new platform will provide more transparent and secure interaction between clients and various structures. Leading crypto and IT specialists of the well-known Cynopsis company worked on the project.

All interactions between clients and structures using KYC will be displayed on the blockchain. So, on the platform can interact:

* customer – a company or a structure that orders verification, control of individual users of the server;

* user-the client undergoing the check assigned by the customer;

* service provider, i.e. Cynopsis;

* community-employees specializing in verification of the user, his / her data, social networks.

The platform will run on T2T tokens. The work process must be paid directly by the customer. In addition, it also pays for the work of the participants and the supplier.

According to the developers, the new platform will solve the following tasks:

* ensure more efficient operation of KYC;

* will attract a large number of employees who will work for tokens;

* provide increased control of clients, which will lead to minimization of cases related to fraudsters, extremists, terrorists;

* facilitate registration on the platform;

* gives authentic information about your customers, which ensures a high level of security.

Trace to is an interesting and undoubtedly useful development of a Singapore company that will allow blockchain and cryptocurrency companies to use smart contracts and artificial intelligence.

The algorithm of the platform is as follows: the client wishing to register in any crypto project will be automatically forwarded to Traceto. Here it needs to download certain documents for their subsequent KYC verification. All data will be stored encrypted in a decentralized application, and the monitoring of operations, control of applications will be carried out by artificial intelligence.

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