A few days ago, I received a mail. It said to receive my xyz tokens, I had to log on to a page and enter my Details. It also gave me a one-time collection code. I went to the page, it looked like my wallet submission page. I went about filling the details and then it asked for the key to my wallet. It was then it dawned on me that this was a phishing site and I was taken for a ride. The xyz token data had been compromised and my information was out there for hackers to make use of. Perhaps a few noobs would have felt for it and must have lost a neat sum.
Today as more and more ICO’s are being launched every day and KYC details are becoming mandatory for each one, it has become a rather painful time-consuming process. As a customer wouldn’t it be nice to get it done once and for all and then be able to submit the same KYC repeatedly, without worrying about your information being hacked.
At least one decentralized blockchain based identity management platform is thinking on those lines. Allow me to introduce Safe in (https://safein.com ). What safe in is a platform that provides complete KYC solutions for businesses and a universal verified account for users. What does that mean? It means that it allows users to be in control of their data as being decentralized, chances of it being hacked are minimum. more over they can use their already verified identity to log n to a multiple number of platforms without wasting time and effort at getting individual KYC’s done. For businesses of course it will provide a data base of already verified users, saving them a substantial amount of time and money in getting the individual KYC done.
While all this looks good on paper, skeptics will believe that to create such a database is almost impossible. One may say that it is a deadlock situation – where businesses will look at the verified used database and users the number of businesses that they need or want to be a part of are onboard. To solve this very issue, Safe In has decided to venture in to the areas that its team holds expertise in- being gaming and Crypto industry. To break the deadlock situation both end users shall be provided with incentives. This will fuel the demand for the product making it viable for adoption by both users and online service providers. Let us look at the problems that Safein intends to solve
1) It will save on time with users given a choice to eliminate the need of going through same process repeatedly for different vendors
2) It will save on costs that the companies have to incur in getting the KYC done
3) It will enhance the consumer experience as KYC most of the time takes more than 24 hours for services needed asap.
4) It will eliminate the need of hiring KYC teams that will save additional costs to the organization.
5) Eliminate the need for the user to have multiple accounts and passwords
To know more about how it is being done and the technical know-how please visit https://safein.com or read the whitepaper at https://safein.com/summary/EN/EN_whitepaper_safein.pdf?version=18.6
Author Details:
Bitcointalk Username:sid_jain
Bitcointalk Profile link: https://bitcointalksearch.org/user/sidjain-1341944
ETH address: 0x7EB3ba96C2371BFD4C3A565B05Ac095B3DEaB3DA
Topic: Safe-in- The efficient KYC solutions (Read 107 times)
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