Traceto.io - Decentralized Verification Network
Knowing Your Customers - KYC
If your involved in cryptocurrencies you have probably heard of the word KYC and even been affected or involved with it. Maybe your favorite crypto exchange that you have used for years suddenly disables your withdraws until you verify your identity. Or if you were an ICO investor, many require restricted KYC - If you live in specific countries, you need to be a "Accredited Investor" before being able to invest.
This is due to the increased regulations being adopted in cryptocurrency markets which, many would agree, is necessary for the markets to continue growing into worldly adoption.
KYC is quickly becoming the approach to identity verification and regulation as it helps protect against terrorism funding, money laundering and other illegal purposes.
The problem is that current system is immature and difficult to implement into cryptocurrencies and associated projects
- Projects lack the resources and funding to create a secure and effective KYC process
- The current mindset is that anonymous funding makes regulations of low priority
- The cost associated can deter projects from compliance
It is known that physical fiat banks spend billions each year on KYC processes and the trend is only expected to accelerate as the world becomes more connected. Where-as Blockchains offer the potential to dramatically reduce the costs along with increasing personal data privacy and security to the users. The need for a decentralized system for regulation and compliance is becoming increasingly necessary and Traceto.io is recognizing the potential in developing such a system.
Traceto.io will revolutionize KYC and compliance systems
Backed by an established regulation-technology company, Traceto.io will possess the development staff with decades of experience in regulation, compliance, technology, and finance to create a revolutionary virtual KYC platform.
Initially, the companies focus will be on blockchain compliance for businesses either currently in the market or entering through Initial Coin Offerings (ICO's) as this area currently presents the most opportunity to provide a catered solution and experience company growth.
After Traceto.io has established a successful network and partnerships, the company will branch into other areas needing solutions such as employee and supplier verifications with future potentials to enter into credit reporting and product suitability recommendations.
Traceto.io KYC Focus
The future is bright with Traceto.io
Token Sale Information
Early access and Private sales are being hosted on the GBX network
- private sale live (minimums apply)
- Early access begins May 21st
Public sale starts on June 8th
- 0.5 Eth min.
For those eligible for ICO investment and interested in Early Access - You can register on the GBX platform at https://platform.gbx.gi/register.
See the website or visit some additional links located below for more investor information.
Additional Information:
Website: https://traceto.io/
Whitepaper: https://traceto.io/static/wp/traceto_io_GBX_whitepaper_v1.30_26032018.pdf
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=2911588.0
Medium Blog: https://medium.com/traceto-io
Telegram Invite: https://t.me/tracetoio
Article written by @justiceforall
Bitcointalk user link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xe8c79B21B2FC35FA3E85c6a1E80aFf686c99A777
This will be a major breakthrough in the crypto-landscape and will limit the growth of scam ICO's. The only worry is, will my personal data be safe?
I entire focus is on Data Security. I personally wouldn't trust my data with the current systems that don't use a decentralized system.
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There will be a lot of interesting!
Thank you, I will take a look!
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Yup, I was expecting a project involving KYC and here it is!
Looks promising - Great article
I was summoned by @generation.easy. I have done their bidding and now I will vanish...
A portion of the proceeds from your bid was used in support of youarehope and tarc.
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