jabrik edan: ICO PASS - The Easiest Way To Conduct KYC Inspection

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Hallo all meet again with me, in this encounter I want to discuss about ICO PASS project for more details let's just go to the following discussion:

7 € & 7min - all it requires to verify identity.

FAST
In a matter of minutes ICO Pass verifies the authenticity of the person's ID documents, does a face-matching, checks Sanction lists and the country of origin & residency.

SECURE
All data is encrypted and without the consent from person, it is not possible to have access to it.

EFFICIENT
As KYC process is automated and accurate, it is possible to significantly reduce costs. Moreover, once a person is identified - they can re-use the identity for several ICOs.

Seven Reasons Why ICO Pass beats the competition

TYPICAL SOLUTIONS

KYC check is a manual process - lengthy and open to human error.

Are inaccurate because rely on just a few databases for verification.

Are like a black box - not possible in an easy way to determine why the result was as it was.

Not possible to guarantee that KYC process information has not been altered; inability to rely on the processes used.

Will need to put additional measures in place to comply with General Data Privacy Regulation (GDPR) starting from May 2018.

Need to put millions into keeping information secure. Also not suited for blockchain use cases, where it is necessary to verify the address that can access data.

Cost> 230 EUR per check.

ICO PASS

Process is automated and takes 7 minutes. No place for errors.

Can add and remove multiple databases for identity verification.

Transparent about what the population of the country in the country it covers.

Blockchain technology guarantees that once verified, it will stay the same. Other parties can rely on this and do not need to start the process over again.

Information is encrypted and only the identifiable person can get access to it.

Blockchain technology gives a higher security at a lower cost. ICO Pass also verifies Ethereum addresses that want to access KYC data.

7 EUR per check.

It also offers easy feedback for contributors:

when KYC inspection is complete.if more information is needed.Conduct an ICO address trust evaluation by indicating that the ICO candidate has not been registered.