What about security of the system? What kind of protection you will have against hackers attacks?
The Core will be primed with advanced “know-your-customer” (KYC) and anti-money-laundering (AML) services. We’ve been putting a lot of effort into safeguarding the system against potential external threats and avoiding legal grey areas. Furthermore, we’re planning to equip the back-office with a compliance system, that will ensure that SociumTrade adheres to international standards which apply to the wide array of asset classes that will be traded on the exchange. It will also enable SociumTrade to dynamically adjust to the fluid legal landscape and avoid costly interruptions to the platform’s operations.
The wallet service – the main part of Socium Hybrid Exchange – enables secure and decentralized storage for crypto assets in native or emulated smart contracts, meaning that SociumHEX has no influence on the client’s funds. So funds-locking, hacker attacks and potential scams become a thing of the PAST.