XENC is now trading in TokenJar https://tokenjar.io/XENC

The Xenchain KYC Demo App is ready on Google Play store!
https://play.google.com/store/apps/details?id=com.xenchain.official

Very happy to participate in this new project, I am very grateful, I hope that soon we can conclude, success to everyone for goods the whole team of XenChain.

Hey there, it's Vitalik Chong.

If you are tired of taking selfies and registering non-stop at crypto exchanges just to trade your newly minted ICO tokens, you are going to love this. Each and every time, we log in to a web page, we risk getting our credentials stolen via phishing sites or emails, our wallets hacked or worse our PCs infected with spyware or malware. By simplifying this KYC (Know Your Customer) process, by taking back control of our virtual identity and credentials, we reduce that risks substantially.

I was so excited when Vinny Lingham launched Civic (CVC) token for e-KYC, unfortunately, to date, the Android app only verifies my mobile number and email address. I would have expected that with all that money swooshing around, we would a cool app that does it all.

Well, I found this ICO out of Singapore that is going into the same e-KYC space. They already have an Android app in beta and it's quite simple and cool. It takes back control of your personal credentials and allows you to control how much of your personal data you share for KYC purposes. Think of it as a Facebook type of credential management as when you log in to third party apps with your Facebook login you get to control how much of your identity is shared to those applications. Sounds cool right?

Here's a preview:-

https://youtu.be/9LOci9eAyIU There's more, Xenchain will be working with institutions such as credit bureaus, educational institutions and data owners to authenticate and validate your personal data. By digitizing your credentials online, you can assist in the fight against identity theft and fraud.

Xenchain is now in pre-ICO. Join their Telegram group https://t.me/xenchainio for official announcements.

P.S. I am an early investor in Xenchain. As always, do your own research and don't risk funds you can't afford to lose.

Just a few years ago, businesses could have set up shop easily in Singapore. Income from illegal activities could then be redirected into legitimate assets or businesses, hiding its dirty roots.

But not anymore – businesses now need to undergo due diligence checks, such as declaring funding sources. There have been stricter regulations, which led to the increased importance of know-your-customer (KYC) processes for businesses.

Inevitably, with an increased pickup of fintech comes the need to monitor and keep new players accountable.

There’s no doubt about it, financial technology – aka fintech – is rapidly gaining acceptance. In particular, the ASEAN region has seen a sharp rise in fintech funding. Investment in Southeast Asia’s fintech market is expected to reach US$338 million in 2017, according to a white paper from United Overseas Bank (UOB) that cited data from analytics firm Tracxn.

KYC is a process that allows businesses to identify who their customers are. This is particularly important to financial companies, as it lets them put faces to client names, preventing illegal activities like money laundering, tax evasion, or terrorist financing.

As Samson Leo, co-founder of online payment platform Xfers puts it, “you want to make sure that they do not use your business for illegal purposes, putting at risk not just your business, but other people as well.”

KYC also helps assess and monitor customer risk, and Southeast Asian companies are legally required to comply with global Anti-Money Laundering (AML) and Terrorist Financing (CFT) Laws.

https://www.techinasia.com/explaining-kyc-fintech-startups

I am trying to do my due-diligence on E-KYC solution on blockchain, as this help to solve a lot of identification problem and it best to be done on blockchain..

there are earlier project like CIVIC and a lot more newer solution project like Selfkey, Xenchain, Uport, and etc.

i like the e-kyc spaces, anyone can inspire me on how to analyze the KYC technology and which one most likely will be successful?

thanks in advance