Hi guys, as I said in the last posts, KYC market is a delicious cake and many developers want to eat that, that's why Traceto.io has many competitors, and they are already listed on coinmarketcap with huge success, like Civic, they are in top 129 in market cap with 4x profit in USD value, beside that Selfkey is also an impressive competitor of Traceto.io. But today, I will address some different features of these projects from Traceto.io, why Traceto.io is different, how Traceto.io can compete with these projects. Let's find out.
What Are Problems Traceto.io Can Deal With ?
- While Selfkey only solve the Anti Money Laundering problem, Civic offers solution for both Counter Terrorism Financing problem. These two project only help to solve the illegal cash flow made through finance system and the money is used for terrorist and terrorism organization. But besides these basic function, Traceto.io also provide Product Suitability Control and Credit Worthiness Checks, these two will be very useful for clients because they will prevent users from invest in inappropriate finance product that will make them get risks, also they will help clients to control user's credit status, help to avoid excessive spending and unaffordable consuming.
How Experienced Traceto.io's Team Are ?
- There is no official information announced about the years of working experience in this industry of Civic and Selfkey leader team and advisers, but Traceto.io already has a team with more than 50 years in compliance and RegTech experience, they have a big parent company based in Singapore with many clients already, I believe that Traceto.io have enough ability and skill to develop and expand their business very well.
How Many Clients Traceto.io Has ?
At this time, we still do not know about the crypto clients who are managed and performed KYC by Civic and Selfkey yet, but Traceto.io until now already have more than 200 Crypto and ICO organized through Traceto.io'sparent company - Cynopsis Solution, many of them are big clients.
What Technology and Security System Traceto.io Own ?
- About the technology, Traceto.io apply artificial technology in their product, this will help Traceto.io to monitor transaction and find cheating activities, Civic and Selfkey do not use this technology in their service or they have not announced yet. Moreover, To store the user's information and make sure security system work well, Traceto.io use PII stored and user side and off-chain with hash on-chain, MultiSig Storage which upon quorum from community court can be opened. While Civic and Selfkey project use PII stored at user side only.
With a short review like this, you have ability to know which project is better to invest, right ? Traceto.io has a great team member, great customer, great technology, and Cvic can be on top 129, there is no reason that Traceto.io can not be in top 50 to top 100. Thanks for reading.
Some links related to Traceto.io :
Website : https://traceto.io/
Telegram : https://t.me/tracetoio
Ann Thread : https://bitcointalk.org/index.php?topic=2911588.0
Bounty Thread : https://bitcointalk.org/index.php?topic=3439768
Twitter : https://twitter.com/tracetoio
Facebook : https://www.facebook.com/traceto.io