The traditional business order was quite different from what we have in the dispensation we are in. All business activities are done in form of trade by batter system, and at some point in the history line,. Men began to use physical article and object to denote object of value. Then in generation that follows, investment and monetary values are so numerous and diverse in application that can not noted in form of item denomination, this man begin to appoint this on form of redeemable shared for a company and this form the first basis for the creation of exchange platform, where this shares can be sold and aided to improve the company and also transfer ownership right to holder.
The introduction of cryptocurrency in the year 2009, give rise to a new world order in the business and trading avenue. The cryptocurrency are similitude of the previous world shares system which are traded on exchange and confers a designated power of ownership to the one in charge of it.
Over time, the application and usage of cryptocurrency is fully established and has gained international recognition and has also been accepted as legal tender by some country in the civilised world.
But the challenges now arise as to those that want to use the avenue created by the blockchain anonymity privileged to exploit the platform in maintaining their dubious money attrocities.
The modern day business arena is filled with various money laundering scam and terrorist funding scheme.
In order to guide against this and many more attributes of illegal money laundering and prevent using the platform for moving money for terrorist activities, the idea was created that all those to use the platform and trade using cyptocurrency has to be known.
So as to be able to flag any suspected money movement and to be able to track same.
The KYC (Know your Customer) is a scheme introduced into the cryptocurrency to curtail the use of the platform which is still in her infancy period for the illegal money activities.
All user trading and using tokens will be expected to provide a suitable verification document or Identity which serve as legal backing before any transaction can be done.
This has since taking effect, but the process seems not to be effective enough and that birthed the idea of TRACETO.IO
TRACETO.IO is a blockchain traded platform that will help all companies traded on cryptocurrency to sort out their client or investors verification and KYC compliance process.
They are working to create a central platform that will fast track the verification of any investors by linking the document of the investor and running it through database to detect the true identity of the individual.
The platform, will Work with the backing of the blockchain technology and will be incorporated into all companies ICOs (Initial Coin Offering) process.
As client click to register for ICO, they will be redirected to Traceto.io and they submit ducment and be verified and safe secure and can be made available to the company and to any other companies in future without the stress of uploading document all over.
Traceto.io has come to make KYC compliance an easy task and also to make the process easy for both company and investor using some strategic plans.
to learn more about the project and to invest in it.. Visit
Website http://traceto.io
Telegram https://t.me/tracetoio
ANN thread https://bitcointalk.org/index.php?topic=3439768.0
