KYC Legal is a service that allows to verify users. It is based on blockchain technology as a tool for protecting and validating personal data of Internet users.
Main KYC Legal features
● Digital signature
KYC Legal allows users to certify any document with their signature. Digital signature usage implies full control over the integrity of transmitted electronic document: in case of any accidental or intentional alteration of it the digital signature becomes invalid, because it is generated according to the original state of the document and corresponds only to it. As a digital signature user ID will be used.
● User verification
● Validation of documents
KYC Legal application is an electronic identifier similar to passport, which provides its owner with an access to different services and rights: medical prescriptions, certificates, college diplomas, etc. Such delegated authorities and organizations as medical institutions, insurance company or a university, can verify these documents using KYC Legal application.
Benefits for user
● Personal information is protected by encryption and biometric data
As soon as personal data is verified, KYC Legal app convert it to cryptographic hash, transfer it into public blockchain, and delete all private information from servers after that. Logging into the KYC Legal app is only possible with a fingerprint.
● Data is hosted on user's device
KYC Legal do not host any personal data while confirming the identity of user using cryptographic hashing. That is why in the case of hacking KYC Legal or any company, using its services to verifying user authorization, personal data will not be affected because it is stored only on user’s device.
● User is able to chose information provided to service
Each filled field (surname, name, date of birth, passport number, etc.) is formed in a separate block. That is how user can provide services with only requested information (for example, a date of birth or a name and a date of birth).
● Validation of documents with digital signature
With the help of KYC Legal user become able to confirm the document with the digital signature. After obtaining digital signature the document is encoded and transferred into blockchain.
Benefits for services
● Reliable information about user
Service can be confident in the information provided by user, because all of it is verified for authenticity. Blockchain records cannot be changed.
● Lack of fake or doubling user profiles
Every registered KYC Legal user is provided with personal identification, which cannot be faked. Due to blockchain the risk of fraud is refused, because it provides security and informational integrity.
● Compliance of KYC (know your customer)
Financial companies working with private money, must specify the identity of counterparty before conducting a financial transaction. KYC Legal service will allow customers to integrate into financial institutions more quickly. Necessary information can be accessed by user's permission to disclose certain parts of their data via KYC Legal blockchain-profile.
● Ecosystem for customer and service interaction
KYC Legal provides its customers with various services based on KYC Legal platform with the possibility of mutual settlements within the platform with KYC Coin. Third-party companies will be able to use KYC Legal service as a platform for organizing the work of their staff, suppliers and clients. The unified verification process and workflow operations confirmation made by verified users will be available for associates, clients and suppliers both within the company and in the relationships with counterparties.