KYC blockchain solution
IdCredit – a distributed system that provides the functionality of identification for physical and legal entities, confirmed by identifiers with their electronic signatures and intended for use by financial or other companies who obliged to identify their clients.
Service providers are the personal data consumers who are obliged to conduct KYC or AML procedures.
Service users are the clients of the system, who provide their personal data for the identification.
Identifiers are entities that execute identification services for customers and confirm that their personal data is correct.
In order to provide financial services, customer need to be identified by the companies and aligned with KYC standards. Today this process takes a lot of time and causes mistrust from customers.
idCredit offers a new approach
to solve these problems.
For Service Providers
Companies have substantial expenses when it comes to the maintenance of a Compliance department.
Aggregator of identifiers
A KYC company that wants to use the network’s benefits can become an idCredit identifier
How it works
The decentralized idCredit system allows users to selected any role in the system, and to exchange data in any direction.
The idCredit project is designed to create the blockchain-based system for the
purpose of identifying private and legal entities’ personal data with varying degrees of severity.
Users are not required to pass identification repeatedly
Service providers reduce their costs for conducting identification of their clients
All personal data remains on users’ local devices
All types of participants are welcome to use the system independently
Burn & Return
Unique algorithm for effective spam-attack protection
Native utility tokens (IDC) for internal payments
The system complies with the GDPR
Please do not hesitate to contact us if you have any further questions