Challenges in the crypto society ·
- With the development of Blockchain technology, there are many industry applications which use Blockchain concept.
- Cryptocurrencies developed by using Blockchain technology are having following issues with regarding to national and cyber security.
- Anonymous transactions (Un-traceability of transactions)
- Money Laundering
- Terrorism Financing
- Cyber security issues (Ransom ware)
- Frauds
- Issues and challenges to the regulations
Because of these matters multi billions of dollars has been misused all over the world in past few years which is mostly affected to the banking and financial sectors.
Main Causes for challenges
- Gap between real world and crypto world (Compliances, Regulations, Organizations)
- Low priority given for compliances in crypto world
- Lack of experienced and competent personnel in crypto industry
Why Traceto.io
- Traceto offers inclusive KYC (Know Your Customer) solution for Cryptocurrency industry to solve above challenges and causes for them.
- Traceto uses Smart-Contract and Artificial-Intelligent technologies for creating e-KYC process addressing the gap between crypto and physical world.
- Initially Traceto is addressing Money Laundering and Terrorism Financing problems
e-KYC by Traceto.io
- KYC is a mechanism for identifying the customer by using set of pre-defined processes.
- Users or customers need to submit the information and proof documents to Traceto.io for getting verified and approved by Traceto.io.
- After verifying, all information will be encrypted and stored safe and reliable manner by Traceto.io.
- Then exchange/ wallet or ICO project can submit the public key of registered user to Traceto.io and confirm and finalize KYC process easily.
- Finally Traceto.io is creating a more convenient method for KYC process which benefits for both individual personnel expecting pass KYC and ICO offering organization expecting real customers for their projects.
Token Distribution and Contribution
Timeline
Project Team
Founders
Project Advisors
Traceto.oi
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