TRACETO.IO- THE FUTURE OF KYC VERIFICATION

For a while now, criminal issues relating to identity have been a major problem in today's market place.Though this issues already have few remedies but this remedies are not ready available to everyone that needs them.The cost to curtail this issues and prevent them from affecting your firm is very enormous.The Anti-money Laundry (AML) and the Countering Terrorism Financing (CTF) are part of those regulatory bodies/remedies to the issues in context.But this very remedies are way to expensive to keep up with.Over USD 321Billion has been lost in the banking and finance sector from the time the global financing crisis began .Due to the high regulatory fees paid to this agencies of regulation.Like that is not enough? This same regulators also face challenges with keeping up to date in terms of technological advancements and how this advancements are used to run illegal activities.Most large firms or banks are able to this regulatory bodies there fees to remain in check ,but the smaller firms dont find it easy at all.This is because the regulatory fees are explosive.This now possess a threat to this other firms that cannot keep up. That is a why most firms now use KYC verification to run regulations . Here is where TRACETO.IO comes in.Before I dive into the main subject matter would like to give some education on what KYC means
What is kyc?
Kyc is full for Know your customer it is like a prove where a firm shows that they have done a confirmation of risks and criminal offences such as money Laundering terrorism and even money worthiness on a customer .For short is a quick check to see if a customer is suitable for a business deal.
Now you understand what Kyc stand for lets forge ahead.
What is Traceto.io and why should it be patronized?

Traceto.io brings a new kind if technology into the cyptosphere where KYC is upgraded by allowing the fusion of smart contracts and artificial intelligence (AI).After a lot of experience they have brought on board a technique to modify E-KYC process and be the link between the physical and virtual processes in KYC. This how traceto plans to help combat this issue.
PROBLEMS FACED BY OLD KYC TECHNOLOGY
• Manual :-The process of filling a Kyc form can be very rigorous on a customer,as there are several forms to fill and this makes customer shy away from it.
• Analog :-most times Kyc processes are stored in physical documents.This can be very risky in the sense that , those documents could easily be misplaced or rough handled.
• Old KYC process:- In the crypto world since most kyc processes are not face to face most companies still find it hard to trust this process and as a result dont adopt it at all.
This faults stated above can all be resolved easily using the blockchain network and technology.Which is what Traceto brings to us.An upgrade to our previous kyc
With traceto.io all this issues are brought down to four questions .
• Who are you? In this case the document of use is in contention so it has to be stated.It could either be a passport or drivers license or a National Identity card.

• What are you not?
• Are you who you say you are?
• What did you do?
All this are easily obtained with traceto.io.

IMPORTANT FEAUTURES OF TRACETO
• DApp(user decentralized app):- The main connection between the users and the traceto network
• Coperate requestor DApp:-Helps in the kyc payments and renewal of those kyc payments after they are expired.
• Service provider decentralized application :-helps a service provider to root for information ,call and give score to the contract.
• Community:-This permit verified user run verification processes for upcoming users.
With artificial Intelligence(AI) technology and the blockchain technology working hand in hand in the Traceto.io operations you are sure their is maximum security for wealth and customers.
TOKEN DETAILS
Token name :-Trace Token (T2T)
Token type :- Utility
Token base :- Erc20 token
Platform :-Ethereum
Currency :- Ethereum
Total supply :- 1,000,0000,000 T2T
Hard cap:- 30000ETH

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