Safein

SAFEIN

This is a decentralized blockchain based identity management platform that provides a complete KYC solution for businesses and a universal verified account for the users.

PROS:

• The platform employs  a multi-factor authentication mechanism  enabling each business to set a minimum security level  required from its users
• The platform  allows users to sign up and log in to new websites with one click enabling them to have instant access to any service online
• The platform enables  individual  to securely share their verified identities  with the service providers online  through the use of blockchain technology  hence promoting transparency
• The use of biometrics by the platform involving fingerprints and facial recognition enhances  the security   and improves the platform usability
• The platform provides a simple and quick  solution to KYC issues  accompanied with machine learning  and AI technologies used for verifying the documents allowing cost-cutting user onboarding  with reduced conversions
• The platform has a credible team, advisory board  and strategic partners  with abroad range of fields expertise  with the core team having been able to  work together  on multiple projects  enabling easy implementation of the project
• The platform white paper is  elaborate bearing adequate information on the  use of the project in enabling the users to access multi-services online without password requirement

CONS:

• The value of the SFN token  is not highlighted in the pre-sale stage to determine its suitability in raising adequate funds for the project implementation
• The platform white paper   content is squeezed together  limiting the users  keen study of the project

SUGGESTIONS:

• The platform team should make the white paper  a little squeezed with separating paragraphs
• The amount of funds collected by the SFN token pre-sale should be highlighted  to promote easy implementation of the project

NOTE:

The platform provides a universal verified account for all the users enabling them to easily access multiple online services   as well as providing a complete KYC solution for businesses eliminating business losses associated with hackers and money laundry. This promote me to invest in the project.

Strengths: an MVP of platform is available. Signed partnerships, including UltraPlay and EverGrowth.io. Solid board of advisors. Clear vision of market, addressing the vital issues within it (identification management and inefficiencies of current KYC system).

Weaknesses: even though the team has valid experiences, it lacks international diversity; there are no specialists in blockchain and cryptocurrencies. There are no financial plan/projections and competitor analysis.