As always, on this occasion will provide a special interesting information in the world of Crypto. The ICO project this time relates to the world of decentralized KYC networks, before discussion, it is important for friends that the content of this blog is solely for the mere information needs, and there is no compulsion to purchase tokens. The choice is in your own best friend. And hopefully this time information relating to the world of decentralized KYC network, certainly gives a little insight and interest of friends to be involved with ICO project "Traceto.io".
Introduction
If you are involved in cryptocurrency you may have heard the word KYC and even affected or got involved with it. KYC is rapidly becoming the approach to identity and regulatory verification as it helps protect against terrorism financing, money laundering and other illegal purposes.
Blockchains offer the potential to dramatically reduce the cost incurred annually on the KYC process along with enhancing the privacy and security of personal data to users. The need for a decentralized system for regulation and compliance is becoming increasingly necessary and Tracetio recognizes the potential for developing such a system.
The problem with KYC transfers when registering with ICO always comes from a large number of users. Documents are rejected randomly, sometimes you have to submit your data multiple times. Therefore, tens of thousands of sets of personal data must be properly structured and analyzed to obtain only relevant information and prevent money laundering and terrorist financing.
Traceto aims to help solve this problem. It provides a decentralized "Know Your Customer" (KYC) networking solution for crypto and decentralized platforms.
What is Traceto.io?
TraceTo.io combines smart contracts and artificial intelligence to create a virtual KYC platform that allows a decentralized ecosystem to comply with KYC rules. The KYC standard for the crypto world is still under development.
Traceto.io is a decentralized KYC network that restores the ownership and management of community KYC processes. They want to develop solutions that ensure user privacy when meeting regulatory requirements.
This platform will provide KYC services that incorporate feedback from the network participant community to create custom profiles that will be updated and re-verified. Verifier network nodes in Ethereum blockchain will contribute to the KYC process by performing tasks such as OTP video verification.
How does it work?
If someone wants to participate in ICO or exchange, they will be transferred to traceto.io application and asked to upload their documents. These documents can only be viewed with the consent of the user or the local court. The information provided by the user is encrypted and stored on the user side. Then the user profile is shared with the KYC provider of TraceTo.io and its AI algorithm. Machine learning algorithms are used to perform individual face recognition analyzes. Finally, the network will provide a KYC score that depends on the following factors
- CTF Identity Result and Service Provider (in this case Cynopsis)
- Social Profile Score from the Verifier community
- Rank of trust of invited users
- Evaluation of AI and ML algorithms to detect cheating and anomalies
The purpose of the Traceto.io project
The goal of this project is to develop a KYC virtual platform, which thanks to a decentralized ecosystem will be possible to observe and resolve all the provisions related to verification. The project team will use a large amount of experience in fifty years, to improve technology and all correspondence to comply with all rules. As the world moves rapidly toward decentralization, it is necessary to build full efficiency and secrecy, as well as to exclude the abuse factor of personal data, which would in fact create a decentralized project platform. In the ecosystem, the ERC20 token will be used on the Ethereum platform. That is, all company orders will be paid directly using this token.
ICO Project
- Project: Traceto
- Platform: Ethereum
- Token Type: ERC20
- Token Symbol: T2T
- Public token release: 1,000,000,000
- Amount for sale: 400 000 000
- Maximum cost: 35,000 ETH
- Payment: ETH
- Price: 0,0000875 ETH = 1 T2T
- Minimum investment: 0.5 ETH
1 trillion T2T tokens were created for projects where 30% tokens are reserved for token sales. The first sale will begin on May 20, 2018. The token's main sales will begin on June 8, 2018. 50% of the funds will be used for platform development and maintenance. The team works in the field of financial services and blockchain technology.
All tokens sold from sale will be burned. There will be no other Generation Token Events. Traceto.io team token has a locking period of 2 years. The company's backup token has more than 1 year in jail.
Traceto.io and his future
The world is moving toward decentralization and time critical applications such as the KYC platform, not owned by one organization. This becomes even more important as it handles privileged personal information. So we need a decentralized, secure, self-contained and transparent system, giving users the right to manage their information. Traceto.io tries to combine all these solutions on one platform. Surely, with all the security turmoil going on, Traceto.io is one of the companies that oversees.
Roadmap
Conclusion
In conclusion, the project is very interesting, interested in large investors and swimming pools. The project has a ready-made product, in which Blochane and AI technologies will be implemented. Until now, many very powerful projects have switched to the service of this company, you can find it on the official website. The verification service itself brings very responsible activities, where the project team can achieve and prove to be the best company. Even if we only look at the crypto currency industry, we have seen a huge demand for their services, which will result in token growth and their investment in the project will be a good potential investment. I recommend participation in this project. About this I have everything, thank you for taking the time to get acquainted with this project.
Further information:
Website: https://traceto.io /
Telegram: https://t.me/tracetoio
Whitepaper: https://traceto.io/static/wp/traceto_io_GBX_whitepaper_v1.30_26032018.pdf
ANN: https://bitcointalk.org/index.php?topic=2911588.0
Bounty: https://bitcointalk.org/index.php?topic=3439768.0
Telegram: https://t.me/tracetoio
Whitepaper: https://traceto.io/static/wp/traceto_io_GBX_whitepaper_v1.30_26032018.pdf
ANN: https://bitcointalk.org/index.php?topic=2911588.0
Bounty: https://bitcointalk.org/index.php?topic=3439768.0
Author: lifting
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1785676
Eth: 0x14DAEA80662fc2726c6348989bd2eDe94C4a1d79
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