Traceto.io: KYC solution is decentralized


Hasil gambar untuk traceto.io bounty

Cryptocurrency like Bitcoin or Altcoin seems good to be a worldwide exchange tool. Yes, forget about certain real currencies that are only available in certain countries. Along with the development of Internet technology, any transaction can be done globally by using it. Interestingly, not only is it more flexible to shop or buy something, it seems you should use Cryptocurrency in a smarter way. One way is to use it as a decentralized KYC network object. So, how is it?

Of course, first of all, you have to join the Cryptocurrency site platform that allows you to do funding activities like trade and investment. It is very difficult, especially crimes such as fraud are quite common today. In the meantime, there are many sites out there that offer such facilities without you possibly knowing if it is valid or not. for this, it is recommended that you use XchangeRate. This is a type of virtual KYC platform that allows decentralized ecosystems to comply with KYC rules with simple requirements, easy access, and many great features. This is even more interesting as consultations and discussions are available here to support you become more successful later.

Introduction

You've probably heard that the crypto industry is becoming popular day by day. But why is every government against it? Can you not see the benefit of cryptocurrency? To understand why, you need to understand the basic principles of the crypto industry. The crypto industry is based on decentralization, which means that no organization has control, and that is what scares the government most.

The cry for the crypto industry setting has become unavoidable because of the KYC protocol (Know your Customer's compliance). Recently, South Korea has made it mandatory to comply with this rule, and soon other countries will follow the same path. Traceto.io is one of the main reasons for KYC's massive acquisition.

Current situation and problem

Knowing Your Customer (KYC) is a rapidly growing industry that seeks to falsify the anonymity roots in which it is established. Today, all KYC data is under the control of a federal agency that clearly violates the right to privacy. In most countries, governments or companies are reluctant to go to E-KYC (which means that most of the work is done manually). Some other problems include
  • data security
  • Lack of efficiency
  • No privacy
  • Unstable results from KYC
  • Lack of reusable KYC
What is Traceto.io?

TraceTo.io combines smart contracts and artificial intelligence to create a virtual KYC platform that allows decentralized ecosystems 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 the community KYC process. 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. The network node verifier 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 the 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 (Counter Terrorism Funding) (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 anomaly


The goal 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 platform of the project. 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
  • The project: Traceto
  • Platform: Ethereum
  • Token type: ERC20
  • Token Symbol: T2T
  • Public tokens 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% of 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 unsold tokens 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 imprisonment.

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 a very responsible activity, where the project team is able to achieve and prove itself as the best company. Even if we only look at the crypto currency industry, we've seen a huge demand for their services, which will consequently lead to token growth and their investment in the project will be a good potential investment. I recommend participation in this project. On this I have everything, thanks for taking the time to get acquainted with this project.

Roadmap




Traceto.io and his future

The world is moving toward decentralization and the timing of important applications such as the KYC platform, not owned by one organization. This becomes even more important because the app 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.









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