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Author Topic: [ANN] Xenchain - Welcome to the new digital identity empowerment era!  (Read 2189 times)
xenchain
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March 07, 2018, 01:12:39 PM
Last edit: June 09, 2018, 03:17:26 AM by xenchain
 #1

Xenchain Digital Identity
Imagine a world where everyone can manage & control every aspect of your digital identity

About Us
Xenchain accelerates and strengthen identity verification processes by using e-KYC technology that requires facial recognition, making manual document authentication a thing of the past.
We creates and distributes XenCoins to utilize the decentralized network of blockchain technology and enhancing personal data security by controlling where the data is stored and who has access to that information.

Problems
Current verification methods are time consuming, expensive and highly inefficient for both users and businesses which revolves around physical document authentication. There is also risk of data leakage to unknown parties who can easily gain access to personal information from the traditional centralized storage system.

Solutions
Personal data is encrypted and stored in a public ledger making it safe from breaches. Users will have control on who gains access to their information by giving permission to requestors to retrieve it from the network. Most importantly, the data is validated by other users to ensure its credibility before onboarding it into the Xenchain network.


Token Sale
Private presale for strategic & value-adding investors is on-going, please register your interest at http://xenchain.io/#contact-form

Total XENC token issued is 200 million.

Public Sale 48.5%
Private Sale 23.4%
Management Team & Founders 11.8%
Bounties & Volume Bonuses 4.4%
XenChain Partnerships 11.9%

For more details, please see page 27 and 28 of the whitepaper


Budget
1) Product Development and Enhancement - 45%
2) Community Initiatives & Partnership - 15%
3) Business Development & Marketing - 15%
4) Operating expenses - 10%
5) Research & Development Funding - 10%
6) Legal and Compliance Cost - 5%

For more details, please see page 31 and 32 of the whitepaper
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bitofc
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March 08, 2018, 02:17:40 AM
 #2

Team



Partners




Target Market



carnitastaco
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March 08, 2018, 02:21:14 AM
 #3

If I correctly understand the idea than it looks like a Thekey. ICO  on NEO blockchain.
Or am I wrong?
nizran
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March 10, 2018, 03:18:38 AM
 #4

If I correctly understand the idea than it looks like a Thekey. ICO  on NEO blockchain.
Or am I wrong?

I believe you meant Selfkey with symbol KEY. Yes, it appears to be the same but XenChain is proven given it’s been endorsed by the Monetary Authority Singapore and also Bank Negara Malaysia.
xenchain
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March 11, 2018, 03:01:04 PM
 #5

If I correctly understand the idea than it looks like a Thekey. ICO  on NEO blockchain.
Or am I wrong?

We have not looked deep into thekey.vip yet.  But Xenchain's strength is build on social and P2P KYC while thekey.vip, they work with government for external verification.
assasin21rus
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March 11, 2018, 03:03:41 PM
 #6

How many faster than now will speed up the process? And how do you solve the problem with face recognition from twins or Chinese residents?
xenchain
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March 12, 2018, 01:00:59 AM
 #7

How many faster than now will speed up the process? And how do you solve the problem with face recognition from twins or Chinese residents?

We have a working app, please check out the video in youtube https://www.youtube.com/watch?v=9LOci9eAyIU
showing the KYC process using our app.  Thanks!
bitofc
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March 13, 2018, 02:13:41 AM
 #8

Nothing is more important than the Xenchain community views. Xenchain is putting out ads and would love to hear the community's inputs on taglines. Join their telegram group at https://t.me/xenchainio for more discussion.

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March 13, 2018, 02:29:10 AM
 #9

Nothing is more important than the Xenchain community views. Xenchain is putting out ads and would love to hear the community's inputs on taglines. Join their telegram group at https://t.me/xenchainio for more discussion.

https://pbs.twimg.com/media/DYIirLeU0AAAMXN.jpg:small

I like this tagline .... (2) The blockchain app to eliminate identify thefts! Keep your data & money safe! Register Interest Now!
corez
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March 13, 2018, 04:27:46 AM
 #10

How many faster than now will speed up the process? And how do you solve the problem with face recognition from twins or Chinese residents?

We have a working app, please check out the video in youtube https://www.youtube.com/watch?v=9LOci9eAyIU
showing the KYC process using our app.  Thanks!

Just saw the demo and it looks great. Very simple to use.

I have a question, how do you make sure that all information uploaded will be safe from other party except when we want to use it.
xenchain
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March 15, 2018, 12:20:59 AM
 #11

How many faster than now will speed up the process? And how do you solve the problem with face recognition from twins or Chinese residents?

We have a working app, please check out the video in youtube https://www.youtube.com/watch?v=9LOci9eAyIU
showing the KYC process using our app.  Thanks!

Just saw the demo and it looks great. Very simple to use.

I have a question, how do you make sure that all information uploaded will be safe from other party except when we want to use it.

Powered by the blockchain, Xenchain encrypts and stores users’ personal data on a decentralized public ledger, making it safer compared to traditional storage practice.
Access management will be governed by smart contract as well.
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March 21, 2018, 12:51:26 PM
 #12

u mentioned all verified data stored in blockchain ledger , so which blockchain u guys used to serve the purpose ? ethereum base ? neo ? ripple ? wave ? or fabric? and tell me the reason why it is chosen , thank you
supernva
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March 21, 2018, 12:56:26 PM
 #13

What makes your project different between other similar projects?
xenchain
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April 01, 2018, 01:49:20 AM
 #14

u mentioned all verified data stored in blockchain ledger , so which blockchain u guys used to serve the purpose ? ethereum base ? neo ? ripple ? wave ? or fabric? and tell me the reason why it is chosen , thank you
The XEN token will be on Ethereum.
Onboarded data will be stored separately from the Blockchain. The Blockchain contains the hash key and public key to decrypt data stored off-chain, in a distributed storage protocol.  We will be using Interplanetary File Systems ( IPFS ) protocol to store identity data information with SHA256 encryption and IPFS compliant protocols.
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April 01, 2018, 01:55:30 AM
 #15

What makes your project different between other similar projects?

We have our comparison table done, but due to account rank in bitcointalk forum, we are unable to post the link to the picture here.
Let me post what Xenchain will offer,

Attestations of PII + validation via trusted 3rd parties
Stable alpha version of Xenchain e-KYC application available (ready)
Optical character recognition (OCR), facial recognition with live motion capture
XenScore mechanism - user's score is determined by trusted validators
Data consent by User/Trusted Validators
PII stored in user's device and validated data stored in Xenchain network using IPFS protocol
assasin21rus
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April 01, 2018, 05:07:09 AM
 #16

As far as I know, there are many projects with a similar theme now, how do you differ from them?
xenchain
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April 01, 2018, 07:24:09 AM
Last edit: April 04, 2018, 02:48:13 AM by xenchain
 #17

As far as I know, there are many projects with a similar theme now, how do you differ from them?
do check out our comparison table
https://twitter.com/xen_chain/status/981360797396815873
thank you
bitofc
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April 03, 2018, 01:34:25 AM
 #18

https://twitter.com/xen_chain/status/980980347671212033

Xenchain being mentioned in RinggitOhRinggit article for Blockchain in Malaysia
https://ringgitohringgit.com/blockchain-in-malaysia/

soonhy
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April 04, 2018, 03:23:47 AM
Last edit: April 04, 2018, 06:56:33 AM by soonhy
 #19

Good to see Identity related project for Blockchain.  The Identity Security is very important as Identity Thief is very common now. This is good one!



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April 09, 2018, 12:19:59 AM
 #20

Please check out Xenchain Telegram airdop campaign details here in the bounty/airdrop thread.
https://bitcointalk.org/index.php?topic=3233596


Quote
https://twitter.com/xen_chain/status/983128434715934720

Be the first 1000 members on our Xenchain Telegram group https://t.me/xenchainio to get #airdrop of 5 XENC.  Please fill out google form to receive the rewards https://docs.google.com/forms/d/1Ks7bYcrSbM94gMvjGce0Tx9t5Ym_AirbOp7iqxbFGQo/ Payout will be made after the ICO, please stay in the group to be eligible for the rewards.  Thanks
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