TRACETO.IO : THE SOLUTION TO KYC PROCESS LIMITATIONS IN THE WORLD O...

In the past few years, the measures for controlling the anti-money laundering (AML), market misconduct and countering terrorism financially (CTF) have led to the cost in curation of about US dollar 321 billion to the banking and finance industry since the time of the global financial crisis , and as a result of this, small banks and other financial institutions find it difficult to comply with the CTF and AML regulations. technology from the financial institutions, some regulators also find it hard to meet up with the growth in the technology and how they are used to promote dubious activities. These hardships then led to the advent of the Know Your Customer (KYC) processes, which protects against AML and CTF violations which could not still give a lasting solution to the above problems due to the lack of experienced and compliance personnel to construction a hardcore or stronger KYC process.
The Traceto.io process thus provides an additional and worthwhile KYC solution to the cryptocurrency market, strengthened by the fusion of a smart contract and intelligent artificial technologies.
The Problems The Existing KYC Processes Have.

The E-KYC strategy of regulating the cryptocurrency market makes market participants and some financial institutions reluctant in trusting and investing in cryptocurrency. So customers take precautions as the market transactions are not face-to-face.
Since most of the current KYC processes are manual, some customers face the loss of revenue due to the tedious KYC process. The manual KYC is therefore inefficient and prone to error.
The Analog KYC processes which are the ones usually stored on the physical document incur many costs related to the production, keeping, and removal or elimination of the paper-based records. These types of processes are usually not compatible and organizations look forward to updating to electronic KYC.
The Traceto.io then streamline the above problems into four important questions stating how an entity should identify its customer, they are;
• Who are you?
• Who are you not?
• Are you still who you say you are?
• What did you do?
How Traceto.io Network Helps Users To Solve The Above Problems.
The Traceto.io platform makes use of their specially designed and unique interfaces like;
• The User Decentralized Application (Depp) as its main interface for the users,
• The service provider DApp interface, which enables a service provider access received information and call the contract with upgraded scores,
• The corporate Requestor DApp interface to make payment for the users KYC request and for renewal when expired,
• The Community DApp , which allows the verifiers to carry out social verification of the new users and how to apply to become a verifier.
• The intelligent incorporation of some peculiar strategies to the existing processes makes traceto.io processes a lasting solution to the persisting difficulty in the market world. These strategies are;
The use of KYC and an artificial intelligence which increases the advantage of making use of machine and human intelligence in detecting fraud and in the monitoring of the market transactions.
Open Sourced Algorithms which is improved to confirm users facial recognition and real identity.
Artificial intelligence working together with the community to gain total control monitoring of the entire platform.
You can count on the traceto.io application as it assures maximum safety and provides customers and users a good ground for their market transactions, free from every form of illicit activities.

Token & TokenSale Details
The T2T token is a utility token, that will be used to facilitate the traceto platform. It will serve as a method of payment within the traceto ecosystem
Token Name: Trace Token (T2T)
Token Type: ERC20
Platform: Ethereum (ETH)
Accepted: ETH
Hard Cap: $30,000,000
Token Price: 1 T2T = 0.0000750
Whitelist/KYC: YES

Team members

Advisors

Useful links
Telegram Group: https://t.me/tracetoio