KYC Legal - a breakthrough in the field of identification!

Good afternoon dear friends! Today I would like to touch on such a painful topic as the security of personal data and its use for user identification. After all, sometimes, no matter how much we are not guaranteed the safety of our data, this is not always realized to the fullest. Elementary passport data can become very interesting to scammers, who, in fact, can easily seize them with a very large desire. Proof of identity, passwords, all this is necessary even for small purchases on bank cards on the Internet. There is nowhere to go anywhere, if you want, you do not want to, but be kind enough to confirm the person. Okay, if you have, what pennies are stored on the card, and if you are a big business man, who has a tidy sum on the card. Yes, even if you own a penny, they can still be of interest to scammers. Since there were cases of thefts of small amounts from cards. About which the user simply does not notice, and sometimes even for cents does not even address. From the discharge written off, so I wrote off. So, they say, it was so necessary. But still, their data must be very diligently defended, that they would not fall into the hands of scammers. In fact, there are standard methods for this antivirus or, for example, do not download something that does not inspire confidence in you. Thus, at least you do not allow the introduction of the virus into your computer or smartphone, who than what it uses. After all, scammers lie in wait for us at every stage of the Internet. For example, went to some sort of a little-known site to you, and your data can go, to whom neither be the unknown. Or, for example, download, whatever the file and again can bring the virus. And your data will go for a walk on the hands of intruders. But many have stored data about maps and other important secret things that no one should know. After all, it can bring tremendous damage, no matter who you are, the millionaire or the average citizen of the country. In fact, for this, it is necessary that some organizations and services be created that will safely verify your data, for the commission of any transactions on the Internet. Everything, in fact, is not as difficult as it seems in reality. After all, in the present century, all possible protections against fraudsters that would protect users from their wrecking are widely developed and more widely developed. Indeed, now there is such a smart technology that is developing at a rapid pace, and already has huge potentials and reputation. This is the BlockChain technology. This technology is a block data network. Which, by its kind can guarantee, for example, the purity of transactions on the Internet with the help of smart contracts. THAT this technology can provide a guarantee that you will not be deceived and as long as all the terms of the smart contract are not met, your money will not go to someone in your pocket. And you will remain with the unfulfilled work or commitment on the part of the performer. And it is for this reason that most of the new projects are already initially building their platforms on this technology with the use of smart contracts. Especially at the moment and the crypto currency is widely spread all over the world. People bravely invest the virtual currency in a virtual currency and many of them are not sickly up. Remember, as when everyone was skeptical about bitcoin. What now? And now this is the leading currency from the whole crypt. It is worthwhile to think that, most likely, for this is the poor thing, because progress does not stand still, but moves inexorably forward. So, this is all the lyrics, you can talk and talk for hours, because this area is very extensive. Each organization creating its own projects enters their own currency in them, which acts as money to pay for using the platform, or to pay for certain services in this area. So, back to the security of our data in general. In fact, it does not guarantee that our data will not go away, to either side. And it's very bad. It is very unpleasant to realize that someone can study them at the moment. And how to be? And what should I do? Furrowing the vast expanses of the Internet, I here began to study information about such things as KYC. KYC from English stands for: Know Your Customer. This piece is used mainly in banking, bookmakers, as well as in other companies that deal with the money of individuals. This thing is needed, so that these offices could verify the identity of the user, for any financial transactions. The kind of data transmitted for confirmation is extremely reasonable and includes information about a person's kind of activities, information about his business and individual business transactions for which the financial transaction is being conducted. It is generally believed that this chip prevents money laundering, financial terrorism and tax evasion. Currently, the requirements and standards aimed at implementing this principle are set at the level of national legislation, regulatory documents of banking regulators and international organizations.

So, to what I'm leading everything, and it would be fun to do this system with the help of a blockbuster. After all, as it was said before, the future is behind it. And then, then, studying all possible topics, I came across such a wonderful project as KYC.Legal. Let's take a closer look at it. 
KYC.Legal A service that allows verification of the user and prevents fraud. Blocking technology is the basis of the service as a tool for protecting and verifying the authenticity of the personal data of network users.

What are the advantages and main aspects of this platform? Let's see in more detail. 
The following aspects are relevant for users:

• Personal information is protected by encryption and biometric data. These things are difficult to forge, especially since it would take a lot of time to fake biometric data. And this all complicates the process and makes the hacking not relevant and not expedient.
• The data is stored on the user's device. This is the most important thing, that is, your data does not wander anywhere, and you are the repository. This is also a huge plus for protecting and updating these opportunities.
• The user himself chooses what information to provide to the service. And this moment is not unimportant. I do not think that many people want to give too much information, it is still better to adhere to the golden rule and not to reveal a lishka, especially the main thing that would be enough data for your identification.
• Confirmation of documents using a digital signature 
  A without this moment, so generally nowhere. You all know very well that a document has power when it's your scribbler. And how to put it? And all is simple there is such function the electronic signature of documents.

Let's now consider what the platform offers for services, what will they have pluses.

• Reliable information about the user. All the servers will receive reliable information about the users they are dealing with. This is not unimportant in the implementation of financial transactions. And a very important moment for the same banks or bookmakers, and simply, for companies dealing with private money.
• No fake or duplicate user profiles. Everything will be in one copy. There will be no fakes and takes. One person per profile. All is honest and open.
• Observance of KYC (know your customer) will accordingly observe the golden rule, know your client. Where without it, this is the main feature of the platform.
• Ecosystem for interaction of services with customers.
  
  • After years, a system of secure user identification was built. You understand, the process is far from quick, and it has a lot of intermediaries. It goes without saying that we have to wait for days and nights until our data is processed through millions of resources and will be confirmed everywhere. Undoubtedly, I want an instant decision. But by today we have not come to this. And even more so due to the presence of a large number of intermediaries, our data are endangered, with respect to hackers. It is very likely that the data will go to the side and will be used for mercenary purposes. 
    After all, now, with the development of the market, there is a great demand for indentification. Although it has many problems. Let's look at some of them.
  -Poor user experience. Let's consider this situation. You just registered on one site, providing enough information, and spent a lot of time to provide it. Then register with the other, providing the same information, and then you have to wait for a few days until your information is confirmed. But I would like to use the service now and immediately.
  • In addition, you have to provide too much information, of which half is not considered. This has a very negative effect on the customer, as the provision is spent a very large amount of time. So too much personal information is provided. For example, take a site for adults 18+. In fact, you just need to confirm the date of birth, but unfortunately the site will require you to create a profile and log in, and this is already through the provision of information.
  We've looked at the problems for users, and now let's take a look at the problems for service providers.
  -Checking the data is quite expensive, the cost of verification is from 10 to 1500 dollars and it also takes quite a long time from two days. And it also takes up to six weeks to process all the information. And for business people it's too much. How is it in our time. Yes, such a long wait for elementary things.
  • The main problem is that these are not real data provided by users. Since, now there is a great chance of fraud, companies are creating more and more chips to verify the data, but they still do not have an ideal reliability. And that's why the risk of trickling fake data about a person is great.
  • Violation of the conditions of use of data. This again is not an unimportant aspect, which causes problems for business and banking and clients in general. 
    For all, the problems are as follows
  • The storage of data in several storages is expensive and risky, in that they can get into evil hands. But after all it turns out, each time you register, you provide the data for storage and, in the first place, processing, which takes not a little time. 
    How can the technology of blocking help us here?
  Look, let's figure it out. In general, to simplify the identification procedure, it is possible at the expense of reducing intermediaries in this chain. This is the first. Secondly, this is an exception to the added value for service providers. This will help achieve some simplifications in this online data identification system. The technology of the block system uses a decentralized data register, which allows storing any data, including identification data. As an example, I propose to consider how the verification of Ethereum data is taking place. Initially, each transaction is checked for the reliability of the data, and only then it is written to its block. Then, these transactions remain in the locker forever, and the user can always confirm the transaction through this system.
  But anyway, that the transaction was valid it must be confirmed by several independent sources.
  Let's look at the solutions to the problems that face us:
  • Lack of centralized control. Each Blockchain user stores data that is automatically updated by each new record.
  • Transparency of current transactions. Each participant has access to full information about each step of the process and its participants.
  • Absence of intermediaries. The technology allows building interactions on the basis of a decentralized network and automation, without external members and delays.
  At the moment, decentralized systems are used all over the world by the largest corporations and not only. In general, all these organizations for verification of data still contain huge staffs of employees, which include lawyers, notaries, bankers and other office plankton. Manual processes are labor-intensive, subject to human errors and do not correspond to consistency. Moreover, it is very time-consuming pleasure. The block is ready to solve this problem by automating and optimizing the data processing system.
  Also, the platform has its own token. Let's talk about him.
  KYC is an Ethereum token that allows full use of all KYC application services. 
  The creation of tokens means the creation and exchange of KYC between the members of the ICO. Tokens will be issued and distributed within 7 days after the close of the ICO. This feature can be used by all but US citizens, since this activity is prohibited for them. 
  A total of 41,000,000 KYC tokens will be issued. 
  A total of 35,000,000 KYC tokens will be sent for sale. 
  The cost will be 1 US dollar. 
  During the ICO, you can purchase tokens for currencies such as: ETH, BTC, FIAT, etc. 
  ICO will be held from November 29, 2017 to March 1, 2018.
  
  Now consider in more detail where the tokens will go, which will not fall on the sail. In total, it is planned to issue and sell 35,000,000 KYC tokens. The KYC.LEGAL team will additionally issue 20% of the issued amount, of which 15% will be retained by the KYC.LEGAL team and 5% will be used to cover the operating expenses of the ICO. The total amount of tokens issued will be - 42,000,000 KYC tokens.
  I think it's worth summarizing the above. This project has serious prospects, the more sales they confirm. And the topic is quite topical. Since now there are many where data identification is required. At the same time, with the help of the technology of the block system, all this can be perfected to the ideal. How to process the data so their truthfulness. It is also possible for this project, with their developments, to solve and improve such a global problem as the identification of user data and confirmation of its identity.
  References:
  Official website:  https://kyc.legal/
  Telegrams:  https://t.me/KYCLEGAL
  Twitter:  https://twitter.com/KYCLegal
  White Paper:  https://kyc.legal/WhitePaper-ENG.pdf
  Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=1567105