|
721
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 13, 2018, 12:48:59 AM
|
Hello! Please explain why do you need blockchain tech, and what`s it used for?
In our model we took into account the international experience in this issue and made a unique application that will allow to convey verification of data almost all over the world! Even if there are any restrictions to it, it can be done this way in the majority of the civilized countries! It is the same with getting your insurance or a credit card online, when you need to prove that the client is real and alive. With the help of blockchain technology we can also take law aspects into consideration. |
|
|
|
|
724
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 11:17:12 PM
|
Who is on the project team?
The founders of the KYC.LEGAL project are Daniil Rausov, the creator of a number of information technology and B2B companies, and Sergei Bekrenev, the owner of the company European Legal Service (ELS), one of the largest legal companies in Russian and the CIS. The Strategy Director of the project is Nick Evdokimov, an experienced and talented blockchain entrepreneur and founder of dozens of successful projects. The team currently has 12 members, including a number of developers with whom the founders have already released numerous joint projects. |
|
|
|
|
727
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 06:06:58 PM
|
Can you say in brief what challenges KYC.LEGAL tackles?
In addition to blockchain verification, our project also creates a worldwide network of agents for fast and clear verification around the world. The originality of KYC.legal lies in the fast and clear verification that can be made available to people in all corners of the world. Also KYC.legal consists of a strong and experienced team and advisers, has agreements with large exchanges and platforms, but our main advantage is that we already have the working application. |
|
|
|
|
728
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 06:04:32 PM
|
ID verification became an indispensable part of almost every business and every industry. You know some businesses have practice of using card for their employees to register when they come to office and when they leave. If that your market share too? Do you offer a solution here?
Hi there, that's maybe good part of business where we can use our project. Of course if business or industry need verification of their employees we can help them with that, thank you for question. |
|
|
|
|
730
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 05:52:45 PM
|
In your white paper I see that one example is adult websites that post 18+ content. Now, in order to access the website, you will be requested to provide your complete ID information or authorize through your social network profile despite the fact that only year of birth is truly required. Can that be used by parents at home or what is it?
The user can choose which data to provide. He isn't required to provide full information everytime. |
|
|
|
|
731
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 04:22:39 PM
|
How long have you been involved in blockchain?
We have been working in information technology for a long time now, more than 10 years. The core of our team has been together for more than five years now, working on projects that cater to our already existing businesses and provide B2B (business to business) solutions: project management, goal setting, audit, etc. We have been watching blockchain closely since 2016, and have now joined forces with Nick Evdokimov and decided to hold our own ICO. |
|
|
|
|
732
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 04:22:04 PM
|
In the verfication process you use biometric data of a person. How do you get it? A special application? With putting finger on a smartphone screen?
As to bio data, can anyone steal them and use for maybe passing the state border, as an example, as someone else? How can it be secured? For protection we did the following: 1) Personal information is protected by encryption and biometric data 2) Data is hosted on user’s device 3) User is able to chose information provided to service 4) Document verification with digital sign |
|
|
|
|
734
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 04:20:12 PM
|
The project does look good and I do like the technology. The only part I do not understand is the KYC pricing model.
Today existent companies on this field charge their customers within $1 and $3 per KYC check. By doing this ICO you are basically preselling 42m of KYC checks in this price range. The cost for KYC checks is not $10 to $50 as you have stated. Specially not for big corporations running millions of KYC checks per year. They even get prices that go even lower than $1.
So let's say that your project succeed, the technology is great and everyone want to use it. Your crypto price will go up and this will increase the cost for big potential customers. Why a big corporation will pay more for a bulk KYC checks if they can get them much cheaper with other solutions?
I still see potential, probably for small companies and individuals (like ebay sellers). But the higher the price goes up the less appealing the product is.
The user that wants to be verified pays 10-50$. The concept of token is as follows: The KYC.LEGAL token is a utility token which offers its holders numerous advantages. The main advantage is the possibility of getting a 50% discount on the KYC verification services offered by the platform. This discount is not available to people without tokens. To receive the discount, they will need to lease the project tokens from token holders. In this case, the 50% discount is split equally between the lessee and the token holder, i.e. each receives a 25% discount on the full cost of the services. Therefore, along with the opportunity to take advantage of a 50% discount on services, token holders can also receive an economic benefit from the lease of tokens. After a single use, the tokens will be temporarily deactivated. Therefore, to be able to regularly use the platform's services and lease the tokens, token holders will have to purchase enough tokens to satisfy their needs. Plans for the future also include the possibility of withdrawing tokens from the system and selling them on an exchange. Perhaps I am missing something but it is companies running KYC on their users base. The customer is not the one initiating the KYC, is the company, the process costs is on them, not on their users. For example, the swissborg ICO are running KYC on any investor above $5k, but the cost is on them. Is a basic AML requirement. It is know your customer, not know your company. Please clarify, No, actually. The customers are the ones who initiate the KYC process. The services just lock the possible abilities of their customers until they pass the KYC. Take binance exchange for example. You can trade there without KYC, but you need to verify your account to withdraw more than 2 BTC in 24 hours. The Binance doesn't initiate KYC process. The customer sets up an application for KYC and the Binance exchange verifies him. This process sometimes takes weeks to finish. Here's where our solution comes in. With KYC.legal the verification process will take only near 30 minutes. The user sets up documents for verification and then calls the agent to come and verify him on the second stage. After that the process customer has passed the KYC. Also, in your situation, if swissborg ICO gets hacked somehow then all the data that they got from the users will on the loose, which is dangerous because it can lead to fraudulent use of customer's data. With our solution all original data is stored on the user's device, while only hash-data is sent to the services. |
|
|
|
|
736
|
Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] KYC.legal - Blockchain identity verification
|
on: January 12, 2018, 04:12:51 PM
|
What is the practical use of KYC legal?
Our solution is focused exclusively on client identity verification. Our slogan is "Quick and easy". Making it quick and easy to receive KYC. Using our platform, user verification, from the installation of the application and registration in the system to the arrival of an agent, takes less than 30 minutes. This solution will be applicable to all kinds of different areas of business - exchanges, cryptoexchanges, brokerage offices, banks, funds, online loans, etc. The next level will include, for example, services such as online orders of prescription medicines, or proof of a user's age for, say, the purchase of alcohol or tobacco. In a word, any services that require identity verification. |
|
|
|
|
Show Posts
