Hi everyone , it’s me again . If you are a crypto currency investor , you are for sure participating many ICOs project because this is the best chance to own potential coin with the cheap price . But to take part in ICO of a project , verifying yourself as well as KYC requirement is very complicated , you must give your personal information public , take a lot of time ,…. Today , i will introduce you an ICO project will solve that ICO problems . Sound’s cool , right ? Bridge Protocol — Best solution for ICOs Problem .
Bridge will aim to reduce legal costs and improve verification assurance. This will occur through digitalization of compliant standards for deployment in ICOs. A Bridge Certificate will be created and users will begin network integration by selecting a preferred verifier service in the marketplace.
Through key usage extensions recognized by the Bridge Identity Management System, Tiers are assigned to the certificate. It is signed and ready for use on the network, accessible to ICOs based incorporated logic in contract to whitelist participants; the Tiers act as an immediate gatekeeper and layer of assurance to all parties. Bridge chain will never see or hold any of the user’s data. Verifiers must comply to the Protocol, which governs approval standards to be listed in the marketplace. Data, if viewed or collected (where necessary), is destroyed by the verifier. This ensures all personally identifiable information (PII) standards and data management quality can be upheld.
The Bridge Certificate Authority will maintain a compliant Public Key Infrastructure in order to guarantee high assurance on its network. Bridge will initially designate attorneys and trusted third parties to audit microservices where needed. Cooperation between these trusted third parties and Bridge Corporation, will initially be used to release smart contract services and make changes to overall architecture. These trusted third parties will be represented through their hardware security devices (smart cards, USB tokens) which are given to access administrative rights.
Bridge ledger will show regulators a clear audit trail of the transaction and a verified identity based on their standard. The Bridge standard will follow United States Anti-Money Laundering (AML) / Know-Your-Customer (KYC) standards.
Let’s me give you an example to easier to understand .
Mike wants to participate in a “token sale” that requires a KYC process and they ask for a lot of his personal information. Instead of submitting his private information to a random person or entity, he shares his Bridge public key address from his Bridge wallet for the whitelist process. The token sale owners will then use Bridge tokens to verify the public wallet address from Mike and ensure that it links to Mike’s basic information given in the whitelist. Mike then signs the participation document with his private key, creating a legally trusted and binding agreement. This will keep John’s sensitive data secure and offer a better solution than currently available
The verifier knows immediately which Tier the participant has been classed based on extensions embedded in their portable certificate. This eliminates the manual process currently done for KYC and offers an easy way to safely participate in multiple whitelists.
You should think of this as “thawing” your credit before purchasing a home or vehicle. This will allow consumers and businesses to comply with standards set on an international scale, while putting data control in the hands of the user.
Some links related to Bridge Protocol project you will need :D
Website : https://www.bridgeprotocol.io/
Telegram: https://t.me/BRIDGEprotocol
Twitter : https://twitter.com/BridgeProtocol
Facebook : https://www.facebook.com/BridgeProtocol/