Traceto.io is a decentralized, automated KYC network that will also use AI. Decentralization is provided through the use of blockchain technology. This network will be used by EXCHANGE, ICO, etc.
traceto.io is a subsidiary of Singapore's Cynopsis Solutions Pte Ltd, which are specialists in compliance with AML, CTF and KYC related procedures.
Behind traceto.io, 50 years of experience will use five decades of knowledge and skills, along with the processes and procedures that have already been used in Cynopsis.
To begin with, all the forces and resources will be directed towards the creation of the KYC process, which will take into account the following problems:
- To begin with, all the forces and resources will be directed towards the creation of the KYC process, which will take into account the following problems:
- Related Actions
- Update profile
- Face profiling
- Black list
But the team does not stop there and plans to expand the system:
- Know your employee (KYE)
- Know your supplier (KYS)
- Suitability for a product
In traceto.io, there will be a decentralized ecosystem with privacy and self-sufficiency. Bringing the KYC process to the block chain and standardization will result in the automation of many manual processes that will help avoid a lot of errors. The trace token (T2T) will solve the following problems existing in traditional KYC systems:
- unstable results of KYC
- ineffective practices
- privacy issues
- data security
How the traceto.io works
The basic system traceto.io KYC will consist of the following members:
Verifier: A trusted user who puts T2T Tokens and performs tasks related to KYC to obtain tokens
Corporate interrogator: an organization that requires KYC services.
User: Any person who is a subject of the KYC process.
The data is under reliable protection since it is stored in a secure, encrypted storage on traceto.io dApp with a MultiSig contract that is checked on the block chain.
KYC is one of the most controversial issues in the crypto world. In the classical sense, KYC is a process that protects an organization from violations in accordance with the law or the fight against terrorism (CTF) or anti-money laundering (AML) rules.
There are a lot of opponents and supporters of KYC. Those who are against first of all worry about the following things:
- the possibility of abuse of their personal data
- the desire to remain anonymous and / or keep their cryptoactive assets from prying eyes.
Criminal elements always seek to find new and safer ways of laundering money or financing criminal or terrorist activities. Thus, law enforcement bodies want to primarily regulate this sector in order to reduce the opportunities and influence of criminal elements. Therefore, the introduction of secure KYC systems will solve many problems.
A lot of projects having their own currency are connected with real existing enterprises.
These companies are required to comply with the financial rules and regulations of the country in which they are located.
Very many of these companies are very lenient towards KYC, and they have reasons for this:
- They believe that compliance with regulatory requirements is not so important, the most important thing is to observe anonymity.
- Minimizing costs and avoiding the financial costs that KYC entails
Only by eliminating these problems will we be able to make it clear to these companies that the implementation of KYC's secure processes is very important and necessary. So the integration between the financial sectors of the old world and the crypto market will be faster.
Token and ICO
- Token symbol: T2T
- Token type: ERC20 Ethereum-based
- Total supply: 1,000,000,000
- Available for Sale: 400,000,000
- Token Price: 0.0000875 ETH = 1 T2T
- Accepted Payment Methods: Ethereum
- Private Sale: in Progress.
- Early Access Sale: commences 21 May 2018.
- Public Sale: commences 8 June 2018.
For Whitelisting, go to: https://platform.gbx.gi/register