Jun 19, 2018
KYC—or Know Your Customer—is a critical process for all financial companies dealing with international investors, shareholders and customers. Clears is a technology based on the Ethereum blockchain offering a scalable and personalized KYC process. It aims to expedite the acquisition and delivery of required information to companies and regulators around the world, simultaneously improving the user experience by increasing security of sensitive personal data while lowering the cost.
Today, most companies use proprietary and standardized KYC processes, requesting every new customer to submit an ID and a document certifying their current address. Only after a successful customer authentication has occurred are companies allowed to do business with a user. The data being used in a standard KYC process is often extremely fragmented, and there is no guarantee that the user completing the KYC is the legitimate ID holder. Additionally, many KYCs processes are unnecessarily complex in that the amount of documentation needed exceeds legal requirements for a given operation.
Ironically, the same crypto-technology companies at the forefront of blockchain innovation are using archaic and unsecured KYC processes. The global banking industry combined with the top five Asian markets constitute a 1.5 billion dollar yearly market, according to LexisNexis risk solutions. But the KYC market goes far beyond the banking industry and is so large it’s difficult to estimate the market size using publicly accessible data.
In the immediate future, Clears will focus its efforts of serving rapidly growing ICOs, Fintech and Cryptocurrency marketplaces.
Currently, there are more than a thousand ICOs yearly. Every ICO requires anywhere from 1000 to 50000 KYCs. This tiny fraction of the market represents $50M in potential revenue, a number that is expected to rise exponentially as cryptocurrencies gain mainstream popularity.
There are also more than 10,000 crypto related marketplaces and exchanges on-boarding thousand of new users daily. Each new user requires a KYC.
Clears aims to be the standard KYC in the rapidly growing ICO market, expanding to serve all industries that require identity checks and KYC processing. We are confident that users will specifically request that Clears processes their KYCs due to its convenience and enhanced security.
End of 2019
Attention. There is a risk that unverified members are not actually members of the team
$123 622 737
$77 897 785
$79 553 354
$8 400 000
CLEARS is a technology based on the Ethereum blockchain offering a scalable and personalized Know Your Client (KYC) process hence guaranteeing data integrity.
The platform is very viable as it provides easy KYC processes and data integrity for most of the companies hence limiting any associated loss due to hacking and money-laundry. I would therefore invest in this project.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.