Welcome my dear friends. Today I found a cool project in the vast network .
Traceto offers a decentralized KYC or Know your Customer network that provides a broad solution for business in the cryptocurrency space by merging the blockchain with automatic identity verification.
Traceto helps its customers pass regulatory requirements such as:
anti-money laundering (AML)
combating the financing of terrorism (CTF)
other KYC-related procedures.
• How does the system work?
The project has 4 fundamental questions that determine how an organization needs to know its customer:
Who are you? - Identification and verification of identity, such as passport, driver's license.
Who are you? - Identification of politically exposed persons, sanctions or terrorists and profiles related to unfavourable media.
You did what? - Monitoring of transactions for suspicious activities, identification of the source of funds.
Are you still who you say you are? - The ongoing due diligence of the client's identity and activities may change over time.
Further, using the framework, blockchain, smart contracts and traceto artificial intelligence technologies. io aims to create the only standard KYC solution for the entire virtual world that needs a verification process. And this solution promises to be really fast, reliable, cheap and reliable.
And it should be emphasized that Cynopsis Solutions Pte. Ltd. it is already a real working business with just over 450 real customers, including such whales as: KyberNetwork, GBX, QuantStamp, ICON, TenX, Zilliqa and others.
• The benefits of using a blockchain, smart contracts, and artificial intelligence technologies:
About Team
More transparency: especially this can be related to the question from the structure used "what have you done?"because it is the blockchain technology that gives us the ability to trace all the movements of the object in question;
Increased security: blockchain is more secure than other accounting systems and all transactions must be approved before they are written. The same is true in the traceto network, where a small subset of Verifiers assigned to each new user does its validation and confirms it with others before writing it to the system.
Cost reduction: all transactions in the blockchain ecosystem are inexpensive and fast. And it's necessary to maintain large centralized data servers, which is very expensive today.
AI and machine learning: these technologies are designed to facilitate the acceleration of the network, and today they are already widely used in our daily lives. These technologies are self-learning, which in some cases allows you to do some work faster and better than a person.
Smart contracts: fully reliable and fast automation of interaction between the parties, violation of the terms of which leads to immediate cancellation. Smart contracts cannot be negotiated or bribed.
About ICO:
Token Name: T2T
Platform: Etherieum
Standard: ERC20
Support: ETH
Pre-sale: May 21
Hard cap 30 000 000 USD
• Additional information:
Official website: https://traceto.io/
Whitepaper : https://traceto.io/static/wp/traceto_Whitepaper_v1_33_26042018.pdf
Telegram : https://t.me/tracetoio
Facebook: https://www.facebook.com/traceto.io
Twitter: https://twitter.com/tracetoio
Medium: https://medium.com/traceto-io
ANN Thread : https://bitcointalk.org/index.php?topic=2911588.0
Author: https://bitcointalk.org/index.php?action=profile;u=1725951
0x295aca7dda69533ca78410da4fcc5ee2bafd1545