Traceto - Blockchain, KYC, Artificial Intelligence, Compliance based platform

Traceto - Blockchain, KYC, Artificial Intelligence, Compliance based platform



 Customer knowledge (KYC) is simply a process by which an organization evaluates and verifies the identity of its clients. It is a normative measure to prevent money laundering (AML / CFT), financing the fight against terrorism (CTF) and violation of market rules. This is a common practice in financial institutions; banks require certain documents to verify your identity before you can manage it.
Cryptocurrency is still in its infancy and far from the mainstream due to problems such as scalability and variability, and then many still do not understand the technology behind it. Even governments and institutions are incompatible with the classification of crypts, but if virtual currencies go to the mainstream, we need a certain level of rules, which, however, will not affect its decentralized nature. Rules bring confidence to their users. As an investor, you want to be sure that the project is legal and the developers do not hide your funds. Cryptographic companies also want to be sure that their platform is not used as a channel for financing illegal activities. It is here that KYC enters this promising virtual world of digital resources.
What's the problem?
Know your client (KYC), which protects against violations in the AML / CFT area, has not been consistently accepted and observed in the real world and in the virtual world by enterprises, network companies based on blockades and stock exchanges. In crypto-space, limitations arise from many factors, such as the cost of KYC implementation, the lack of an experienced Compliance team, and the pseudo-assumption that the compliance of KYC is contrary to the anonymity of cryptocurrencies. They have contributed to the ineffective and defective KYC processes that currently exist. These problems can be solved using detachment and related technologies.
Traceto.io is a unique block solution that is decentralized, keeps confidentiality and at the same time is compatible. The Traceto.io KYC structure combines Intellectual Contract and Artificial Intelligence (AI) to provide a comprehensive de facto standard KYC solution for a decentralized ecosystem. I will consider the features of the Traceto.io solution based on the following criteria:
The company: Traceto.io belongs to Cynopsis Solutions Pte. Ltd, a RegTech company based in Singapore, specializing in the processing of KYC processes for companies. The company has about 450 cryptographic clients and top-class experts and advisers. Chye Kit is the CEO and co-founder of Traceto.io, as well as the co-founder and managing director of Cynopsis Solutions. In this way, you can give them them in terms of legality, visibility and experience.
Team and experience: The team consists of top-class experts and specialists with impressive features of over 50 years of experience in compliance, regulation, auditing, machine training, block technology and finance. Currently, they support KYC's needs on over 400 cryptographic clients. There is no doubt that they can successfully use their experience and solve the blockade.
The framework and technology platform: the Traceto.io platform uses the possibilities of the Ethereum block chain and artificial intelligence to provide a decentralized and compatible KYC process. It consists of a Ethereum (DApp) decentralized application for users, service providers, corporate requesters and verifiers that serve as an interface to interact with the network in KYC. To ensure data security and confidentiality, user data is encrypted using homomorphic encryption, while user personal data storage (PII) is based on the MultiSig approach.
Machine learning algorithms are used to detect anomalies, face recognition, transaction monitoring; Human verification provides additional system support for a high and reliable KYC mechanism. The verifier community monitors and manages the social verification of new users, and also allows access to a custom KYC document.
They testify to the Traceto.io philosophy that decentralization, confidentiality and compliance are possible.
Use: The Traceto.io network will replace the way KYC is executed. The decision should go beyond verifying the identity and control of potential high-risk clients (politically threatened, terrorist and offenders) to ensure continuous, continuous monitoring and alertness of their clients in the effective AML / CFT and CIM processes. It will become a de facto standard in the virtual world of cryptocurrencies. 
 Demand on the market: Traceto.io platform is very promising. It is expected that the kriptoekonomics in the coming years will grow even more, while the growing interest of the authorities to kriptoaktivnym projects, as well as companies involved in raising funds for development, through the initial proposals of coins (ICO) will increasingly look at the proper decision of KYC for compliance. Traceto.io, of course, will enjoy high patronage from new clients of cryptography, thus increasing the customer base in several additions.
The Traceto.io tag is the native tag of the Tracetoken.io platform, developed in Ethereum-blockchain to perform transactions in the traceto.io ecosystem. This is an ERC20 token and is classified as a tool token. T2T will be used to stimulate users, potential clients and partners, as well as rewarding community experts.
Traceto verifies users and collects information on four main areas:
1. Checking personal data. 
2. Identification of persons subject to sanctions. 
3. Checking the identity of people involved in dubious transactions in terms of legislation. 
4.Insistant operation of a potential investor after previous verification.
An investor who wants to participate in ICO sends his data to the Traceto application in order to verify where all information is encrypted and stored in dAPP. All other operations are performed according to partial intelligence.
Relevance of the 
campaign The campaign aimed at combating the legalization of illegally obtained funds is gradually gaining momentum. Well-known companies have already received serious fines for breaking the rules of combating money laundering and terrorism financing. Due to the growing interest of state structures in blocking projects, the pressure on entrepreneurs will grow.
Fore More Information: 
AUTHOR: Vionaa
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173

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