Topic: [ANN][TokenSale] ICO Pass - Easiest way to do KYC checks - page 4. (Read 1743 times)

Our co-founder Gints just published an article explaining the principles behind our Token Sale: https://medium.com/icopass/notakey-ico-approach-icop-becea0a6ff1d.  Go check it out.

Yes, exactly. We will use our adaptive KYC system that analyses different data sources in order to do that with high accuracy. In our experience we have seen three things - people are coming up with fake person identities, they have somehow got personal information about another person and try to impersonate this person or they are forcing a person to use their identity for illegitimate and criminal activities.

The first we are solving by checking if ID documents and passports are not forged. If there are ID documents without safety features, we match personal information about the person with different government and non-government databases.

The second we solve by doing a face matching. We use selfies or videos of a person and match that with ID document.

The third man we solve by looking either at suspicious behaviours in the video or by analysing the audio recording during video session.

And all of that is happening automatically, without need to involve people in the process.

Very trhilled to know more.

Will ICO Pass solve the problem of fake companies doing fake KYC to collect personal data?

We will have a PR push starting from next week. That will drive more people. I believe this is just a matter of visibility. The product is great and we already have investors that are ready to invest.

How is possible you are getting so few comments?
This project is huge. Currently KYC verification step is a pain in the ***

Exciting. Our company among most promising startups by The Next Web: https://thenextweb.com/syndication/2018/02/01/latvian-startups-watch-3d-printed-casts-crypto-inheritances-tiny-manned-aircraft/

Thank you for the support. Appreciate it.

Like the project. easy to understand.. its a solid project and recommended.. Thinking on investing 

Initially we will provide our product to other ICO organizers. As regulators are coming hard on ICO organizers, we believe that a need for a convenient KYC tool will grow even more.

Thank you

A simple overview about the process is like this:

1. Persons download our app that will be available on February 21st.
2. Then provides details about themselves - name, last name and country of origin, e-mail address. We verify this information using several government and non-government databases. Also we check if the persons are not on any Sanction list or a PEP. Additionally we check if the person is not from countries where Token Sales are not allowed.
3. After that persons take a photo of their ID document. We verify if that it is not a forgery.
4. After that persons are asked to take photo or video of themselves. We do face matching with ID document.
5. After all checks are passed, person transfers a small amount of ETH to identity address displayed in app to link wallet to their identity. ETH sent will be refunded, except gas.
6. When transfer is complete, app offers to link wallet address to identity. This wallet must be used when participating in ICO. Multiple wallet addresses can be linked.
7. After linking person can register for participation in ICO by selecting ICO name from a list or entering address manually.
8. User the is asked for approval to send personal information to selected ICO address.
9. After approval process is complete and app generates encrypted package of personal information, stores it in IPFS.
10. Link to package is sent ICO organiser and encrypted package can only be opened with private key in ICO organiser’s posession.

More information can be found in White Paper: http://bit.ly/2nkGfoE

Very interested in your project.. Do you guys plan to only provide services to ICO's or will also host ICO's?

It looks like the project is interesting and will be a success

How will this work?

Thank you. Maybe you wish to participate in our Bounty campaign?

https://twitter.com/Bill_Djons/status/958610530385752065

 only one tweet, if you have a desire to thank you will always find the addresses on my page on Twitter ... by the way ... Facebook and Instagram have banned advertising crypto and ICO

Thank you. About what this is?

Message me on telegram @cryptohives