Measures absolute and relative price fluctuations over several time frames and other variables.
Calculates returns in comparison to moving averages and other factors.
Measures the ability to scale, upgrade and other technological weaknesses or strengths.
Evaluates public acceptance, participation of developers and other key factors.
Companies want to know some details about their customers using the “know your customer” (KYC) model. However, the traditional KYC is a manual process and prone to human errors. In addition, the data obtained are inaccurate because the manual process relies on just a few databases for verification.
ICO Pass recognizes these inherent challenges militating against the traditional KYC model, hence the need to leverage on the blockchain technology to provide companies with a KYC process that is automated and takes 7 minutes. No place for errors. In addition, the ICO pass platform can add and remove multiple databases for identity verification.
The essence of the blockchain technology is that it guarantees that once verified, it will stay the same. Other parties can rely on this and do not need to start the process over again.
Some of the benefit of using the ICO Pass platform are;
• In a matter of minutes ICO Pass verifies authenticity of a person’s ID documents, does a face-matching, checks Sanction lists and the country of origin & residency.
• All data are encrypted and without the consent from the person, it is not possible to have access to it.
• As KYC process is automated and accurate, it is possible to significantly reduce costs. Moreover, once a person is identified, they can re-use the identity for several ICOs.
With ICO Pass, Information is encrypted and only the identifiable person can get access to it. Blockchain technology gives a higher security at a lower cost. ICO Pass also verifies Ethereum addresses that want to access KYC data.