KYC LEGAL _ Verify the Faster Identity And Easier By Using Blockchain Technology
If you currently want to create a bank account you need an ID such as ID card / National ID or SIM / Driving license as a verification system requirement. this ID verification system is needed to comply with government rules and also to avoid things that are not in the likes of money laundring and other crimes. And ID verification system is also very important in need to facilitate the businessmen in building relationships with colleagues to grow high confidence among them. Almost every businessman's clients have this idenditas verification requirement to meet the rules of the government as well and to avoid any crime. Overseas there is the identity verification system referred to as KYC (Know Your Customer).
And nowadays it is not only national banks or international banks that apply KYC procedures to the cudtomer or its clients but almost all types of companies other than financial institutions require this verification system, such as: exchange, cryptocurrency exchange, forex broker, funds management, loan loan, hospital and others. And as the number of companies that require this verification system will certainly have constraints when the company has many customers or clients, so the process of KYC verification system becomes old and inefficient. As a simple example, many cryptocurrency exchanges have a long verification process and even clients have to wait for weeks. And by looking at this KYC issue. LEGAL is present to make verification system easier and faster with support by blockchain technology. How does this KYC.LEGAL work? Check out the review below.
What is KYC.LEGAL?
As explained above KYC has an extension Know Your Customer, and KYC.LEGAL is an identity verification system that uses blockchain technology that aims to be better and faster in providing identity verification systems. With the KYC.LEGAL then the verification system becomes easier and faster because every user and company that requires identity verification requires only one platform and with a simple process. This system aims to provide benefits for users and companies by developing a single, integrated and easy solution. Given this KYC.LEGAL platform then the previous verification system and KYC requirements resolved individually by each service provider will be and can rely on one platform only. With KYC.
How does KYC.LEGAL work?
KYC.legal allows the verification system to run quickly and easily through the support of blockchain technology consisting of Android and iOS software. Users can send personal data through the platform then all the information is verified by agents. After that the parties who have KYC requirements as well as banks, cryptocurrency exchange, ICO, broker, management funds and others can request information from the user and then the user send the KYC data to their platform. So that the KYC process becomes much easier and faster just a few minutes. Currently KYC.LEGAL already has a mobile app that can be downloaded.
When we download and use the KYC.LEGAL application then all personal data and biometric data are encrypted and once personal data is verified, the application converts it into a cryptographic hash and transfers it to a public blockchain, and also removes all personal information from the server. And when we are registered in KYC.LEGAL then we can only login to the application with fingerprint sensor. All data is hosted on the user's device, and we can choose to whom we want to send our own data information according to our needs. And to access products and services from KYC, this LEGAL then we must have the token because the token KYC.LEGAL is a token utility that will be used to access the products and services and each token can be used in the verification process once per month.
The verification fee from KYC.LEGAL varies from $ 10 to $ 50, depending on where users live. This amount includes the cost of the verification agent, which accounts for about half of the cost ($ 5 to $ 25). Each verification is included with the amount of reward that is 50% of the total price of verification that is shared to the user and token holder. Token KYC is also a sharing instrument. And for local KYC Verification set for $ 10, including $ 5 for agent reward and $ 5 for token holder prizes. The token holder can give rewards of $ 2, which means the total cost of referrals is $ 7 ($ 2 tokenholder reward + $ 5 agent's reward).
What are the problems, goals and why do you need to join with KYC.LEGAL?
KYC.LEGAL has the advantage of a verification system that is much faster and easier so that it will provide many benefits for many parties both the user itself and also for companies that provide serice and products. In addition, the verification system owned by KYC.LEGAL provides benefits to those who plunge into B2B business (Business to Business) and B2C (Business to Customer). Businesspeople involved in B2B and B2C are in need of a verification process to find out more details of their clients and to avoid unwanted violations. But all this time the KYC process in their life takes up to weeks so it becomes inefficient let alone business model requires all run fast and efficient. And with the presence of KYC products and services.
Briefly KYC.LEGAL will provide benefits to its users and also companies that have products and services that require this KYC verification system more quickly and easily.
Benefits for the user are:
Personal information is protected by encryption and biometric data.
Data is hosted on the user's device.
Users can choose which information is provided for the company that provides the service and the product.
Document verification is done with digital sign.
Benefits for companies that provide services and products :
Reliable information to users.
The absence of fake or duplicate user profiles because identity verification is supported by blockchain technology in which this technology is transparent.
The company can comply with KYC rules with the identity verification process more quickly and easily.
Created a good ecosystem and trust between the customer with the company that provides a service because the identity verification process can run faster and easier.
Who is the team and founder of KYC.LEGAL?
KYC.LEGAL's team and founders consist of several people who have years of experience in blockchain technology and experience in B2B and B2C businesses. Some of them are Daniil Rausov as CO-FOUNDER he is a B2C IT-solutions entrepreneur who has more than 10 years of experience and he is motivated to create KYC.legal after realizing the absence of a global and simple technical solution for verification identification. The other team members are Sergei Bekrenev (Co-Founder), who founded the largest legal firm in Eastern Europe (called "European Legal Service"), and Artem Haritonov (CTO), Eugene Zonov (CEO), and Matteo Rossant (CBDO). And many more teams and other advisors, and all of them can be viewed on their website.
ICO Detail KYC.LEGAL
Right now ICO KYC.LEGAL is up and up until now this article has been made. KYC.LEGAL has already made more than $ 17 million, and they have a hardcap of $ 35 million. And the price of this KYC token will vary according to the sales stage from $ 1- $ 2.5 with different bonuses as well.
ICO START: November 29, 2017 - March 1, 2018
TOKEN NAME: KYC.LEGAL
SYMBOL: KYC
TOKEN PRICE: $ 1.65 / Token (Current Stage)
PURCHASE: ETH, BTC, Fiat.
TYPE TOKEN: ERC20
MINIMUM PURCHASE: 1 Token
Bonus: Up to 60% depending on the day and stage of purchase. The faster you buy the token it will get a cheaper price and a bigger bonus.
STEPS IN PURCHASING KYC TOKEN FOR ICO:
Create an Ethereum wallet that supports the token ERC20, one of MyEtherWallet.
Next visit KYC.LEGAL website ( https://kyc.legal ) click BUY TOKENS enter email and password, then click email confirmation and after login save your personal address Ethereum like address from MyEtherWallet.
Make a deposit with your existing deposit options (BTC, ETH, FIAT)
Conclusion
The increasing number of companies that have services and products that require verification of identity to their customers to comply with the rules of KYC (Know Your Customer) and AML (Anti Money Laundry) cause the verification process takes a long time. And with the presence of services that have KYC.LEGAL this then the verification system becomes much easier, faster and efficient. In the future, the verification system will require more parties such as those who provide drug purchase, tobacco, alcohol and so on, so KYC, LEGAL will help many businessmen who are business enthusiasts in B2B or B2C. In addition, identity verification is needed to comply with government regulations to avoid criminal acts such as Money Laundry and other criminal acts. And the KYC token is a token utility that is used to access services from KYC.LEGAL, so with more and more that require a faster and easier identity verification system will also cause the increase in demand for the token. And other than that also this KYC token later can be traded on the cryptocurrency exchange.
FOR FURTHER INFORMATION, PLEASE VISIT LINKS BELOW:
LINKS:
By: yunita
Address ETH: 0x2265bFE20cF12c05BAFe100a477440bbDc03df29
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