Traceto is a decentralized KYC network, which can combine the checking of authenticity and blockchain, the solves a lot of problems for the companies. The popularity of the cryptocurrency market rises each day, and KYC need to be used proper, so, a lot types of new access are nedd mor and more today.
The chief company of Traceto developed the software, working with KYC. This software is called Artemis and it was used in crypto technologies before. Traceto was designed to optimize the KYC procedures. Traceto enter the blockchain into the system for solve all tasks which are created by KYC regardless of the amount of them.
When the identification data are downloaded by the user, Traceto ask to confirm the ID by the recording of short video or it can apply the face recognition as the highest level of security the data. Traceto aimed to include the new system of decentralized checking using the network which creat the users ID. The inspecting user, in his turn, is exposed stricter checking.
All data which are located in the storage can be encoded only by users themselves, but they can do it after the permission of the inspectors, who can never receive an access to the encoded data, but they can create additional secure level, which is involved to Traceto system. Inspectors organize an additional level of KYC by the info which is allowed the social networks and another public data.
The Traceto system will use several decentrilizad applications for KYC, such as User DApp, Service provider DApp, Corporate Requestor DApp and Community Dapp. All of these applications present the new interface fp Traceto and also they help the provider to check the information KYC.
The monetary function of Traceto is selling of token T2T, which is based on Etherium. When users by KYC service, they attract new users, and to be an inspector it is necessary to buy a fix amount of tokens, but the reward of their checking will be token T2T too.
It is necessary to notice, that Traceto isn’t a full startup, because, it is based on Artemis, but the upgrade is the using of KYC. So the cooperation of Traceto and Kyber Network which is already announced, can be called a high professional partnership, because Kyber aimed to use Traceto as the mean of KYC control. The great advantage of this system is the big experience of team to follow the standards when a lot of projects in crypto technologies are under threat to be closed. Traceto is specially created to follow the world standards to fight with the illegal financial operations and to resist the terror.
The main disadvantage of Traceto is the big competition in the sphere of ID approval, because a lot of systems aimed to work with KYC. But Traceto shows the differences between competitors, such as SelfKey or Civic. First of all, cryptocurrencies instantly continue touch the new spheres of real economic, and practically everywhere need to use the KYC, because of its legal status and following to the standards. So, the deman of the Traceto much higher than other systems. As for the new projects, they don’t have so strict basement yet, which can guarantee the stability, and Traceto will be the leader in using KYC minimum for one year more.
So, the big experience and knowledge of a developer’s team in sphere of legal standards in real time and reputable position in the cryptocurrency world as a KYC provider are two main advantages which make the Traceto most perspective. But the team knows that there is a risk of the system’s collapse if something will happen with the standards. And of course, despite the experience, project is still too young, and its future depend also on the partnerships with the huge projects like Kiber Network.
Public Sale 8 June 2018, 0815 UTC
Token ticker: T2T
Token type: ERC20
ICO Token price: 1 T2T = 0.000075 ETH
Min/Max Personal Cap: 0.5 ETH / No
Fundraising Goal: 30,000 ETH
Total Tokens: 1,000,000,000
Available for Token Sale: 40%
Accepts: ETH
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TraceTo WhitePaper
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