Introduction
Often times we wonder how to protect financial transactions, or data getting into the wrong hands and being manipulated upon. Since the emergence of the internet, there as been massive embracement from corporate bodies, Government and Individuals engaging in online activities such as business transactions, diffusion of varying Information, etc. As the activities and development of the Internet increases we need to be aware that there are risks involved , Data can be manipulated, stolen, which can cause loads of financial distress. Many Institutions have varying measures in place to curb the menace of internet activities by Individuals or groups engaged in this activities, one of the measures is introducing KYC ( Know your Customer) It is a process by which some Institutions e.g banks for example obtain information about the identity and address of the customers. This process helps to ensure that banks' services or financial institutions are not misused. The KYC procedure is to be completed by the banks while opening accounts. The KYC procedure helps to secure against fraud or theft and helps to guard against data being manipulated,stolen or getting into the wrong hands.
Optherium Biometrics
As a Bounty Hunter, KYC is widely used by different companies to determine the identity of each Bounty hunter participating in the bounty campaign of a particular ICO project however, as technology is advancing daily , new method and procedures are being developed and set in place to better perform or check against these shortcomings, BIO-METRICS is being introduced and used by most institutions nowadays as a more sophisticated method to know your customer and prevent criminals from stealing customers details. Bio-metrics ensures that your fingerprints, vein patterns, iris scanning and facial recognition are taken , its a faster approach to KYC method of submitting documents such as passports, licences, proof of address, e.t.c In Today's crypto world Companies like Optherium are now taking KYC and bio-metrics to the blockchain, not just to bring cryptocurrencies in compliance with international regulations, but to provide customers with an innovative yet simple way to protect and access their digital assets.
Tentatively, Optherium will place a lot of emphasis on security, to ensure there customers financial safety, they will ensure that Datas collected from them are well protected and stored on a separate KYC blockchain network.
What I like most about this bio-metrics concept Optherium is adopting is the fact that you can access websites by looking at their device’s camera which enable your Identity to be known or detected faster, Its magic the way it works, effective is an understatement but simply very very phenomenon.
Optherium Team
The success of this project will be clinging on a remarkable team , well sourced and of diverse background in both the fiscal and technological areas. They will be tasked with the utmost responsibility of delivering the project and making it a success. As I understood from the whitepaper Optherium will be creating four items: its ecosystem, VivusPay, a B2B platform, and BitCrox , you can read more on there websites or whitepaper for more information https://optherium.io/
The team will be tasked on delivering on all four products
Conclusion
As I have discussed earlier KYC is very important in protecting customers data and with the advancement or introduction of bio-metrics Optherium as proven to be a major player in the financial industry and are ready to keep abreast with improving technological innovation that will aid financial transactions in the future.
This Project I reasoned with dearly and I believe its just a matter of time before it parachuted straight above limit to the zenith. The prospects are there for investors to play with, there ICO; now live and running and the emergence of there OPEX token that will cover all transaction fees on the Optherium Ecosystem, as well as a bridge between any supported crypto- or fiat currency. will be very essential .
NOTE: This article is just a guide to potential clients, stakeholders and everybody itching for a snip of this wonderful project and its published regarding bounty campaign. I am not a project team member or its representative but a supporter of this incredible project. The website will provide an in-depth and thorough analysis of this wonderful project, on the website you can download the presentation for more information
Website: https://optherium.io/
Telegram Chat — https://t.me/optherium_club
Telegram Channel — https://t.me/optherium_channel
Youtube — https://www.youtube.com/c/OptheriumLabs
Facebook Group — https://www.facebook.com/groups/optherium/
Author
belushiiwuzeree
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2191289