KYC.Legal provides user verification services. Its main task is to prevent fraud. KYC.Legal offers a complex of services on the basis of blocking: self-verification services and services for passing verification. The essence of self-verification, is that, the user himself passes the verification by generating codes, to verify the identity. The second option is through certified agents. In the future, the company plans to create a global network of licensed agents, which will have to conduct identity checks within 30 seconds. https://kyc.legal/en
Additionally, the company plans to include, digital signature and document verification, as well as provision of services to third parties. Users who have been verified will be able to participate in the verification process and verify the credibility of other users' documents.
For security purposes, personal data of KYC.Legal users will not be stored by cryptographic encryption. The data will be stored only on the user's device, in the event that the KYC.Legal system is compromised, users can be sure that their data will never be transferred to third parties.
The KYC.Legal network consists of a block, server, application and direct contact. Through the application verification of documents takes place, registration, addition of documents, signing of documents, authorization of the site, verification of users. Access to the smart contract can be obtained through the application, the server or directly.
KYC.Legal, can find application in such areas as: user verification, user registration on stock exchanges or ICO, electronic notarial actions, notarial digital signature, insurance in electronic insurance, personal confirmation for gambling and in other areas.
The main advantages of KYC.Legal:
- Usually verification takes up to 2 days, as a result of such long checks, users remain unhappy. With the new KYC.Legal system, verification takes only 30 min
- KYC.Legal provides a free open source infrastructure, usually the ecosystem is closed
-Automated verification process
-The lack of errors, since all work will be done by the blockbuster. In the old system, because of the human factor, there were many mistakes
-Safety and transparent structure, without scammers
-Certified agents
-Protection from information leakage, break-ins and other violations
KYC tokens work on the basis of ERC20. Tokens can be purchased by users and used for verification referrals. Tokens KYC, users can store on their accounts and send them to other wallets or to the exchange or the user, after the registration can create a stack, and store their tokens in it.
The company's maximum goal is to raise $ 35,000,000. Soft cap is achieved and to date, the company has 12 million of collected funds. In total, 35 million KYC tokens are available for distribution. The price of one token during the sale of tokens is $ 1. ICO will end on February 1 or until all tokens are sold. All collected funds will be used for the development of the project and for promotion. The funds will be distributed as follows: 2.5 million US dollars, will be discounted by partner funds, 3.5 million US dollars for federal payments, 1 million US dollars for staff salaries and technology advancement, 3 million marketing activities and 25 million for financing of free verification services.
Until the end of 2018, the company plans to launch the product, enter global exchanges, hold marketing events in Shanghai, Beijing, New York, Paris, etc.
Demand for electronic services is growing every year, but unfortunately this area is very vulnerable to hacking, information leaks and fraud. Standard services that offer KYC services do not cope with these problems. The perfect system, is the solution of all problems arising in this area KYC.Legal.
For more detailed information about the project and the terms of participation, I recommend to visit the links below:
WEB page:https://kyc.legal/en
White paper: https://kyc.legal/WhitePaper-ENG.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=104703