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CLEARS KYC

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  • 2018/05/09 04:34:41
  • Clears is a fully customizable, data-less KYC solution, that guarantees a business’s compliance with local and international regulations. By leveraging the power of the blockchain, Clears can conduct timely, legitimate, and inexpensive user verification, while maintaining the security and privacy of their sensitive data. Clears stores a hashed copy of user's data inside the Ethereum blockchain while the actual data is kept secure inside a cold storage system, available in case of audit. This eliminates the most prominent points of user anxiety; hacks, identity theft, fraud. As Clears only holds onto the recorded hashes to cross reference user ID’s when verifying, no personal data will ever remain in our databases once the KYC is completed. In the case of audit by regulators, Clears can provide the original documentation by extracting the documents from the cold storage server. Users can uses their Clears credentials on all KYC’s using Clears, giving them a private, secure and convenient experience online
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