XenChain accelerates and strengthen identity verification processes by using e-KYC technology that requires facial recognition, making manual document authentication a thing of the past. Personal data is encrypted and stored in a public ledger making it safe from breaches.
Xenchain, in cooperation with multiple trusted corporate data validators, will accurately acquire, validate and store identity data into a decentralized Blockchain. End users have full control over their data; companies can retrieve identity data (with end users’ permission) from Blockchain, thereby reducing cost and time
Never in the history of humanity has personal identifiable information (PII) is at most risk of theft and misuse. As the growth in the digital space connects us and draws us closer to one another, sadly, this has also created opportunities for hackers and identity thieves to make their move.
In the last decade, there have been a steady rise in identity theft and confidential breaches and an estimation of $107 billion have been stolen. The USA Today reports that more and more people will lose their identity to hackers, thieves and fraudsters if they do not pay serious attention to identity management and the aspect of data security.
The antivirus giants, McAfee have announced their decision to make identity theft one of the arrowhead threats that they will be fighting against in recent time. This decision was made on the heels of data breaches happened in 2017 that caused millions of people with SSN exposed to identity theft.
The situation calls for a robust platform for identity management, one that is practical, secure and efficient. They at Xenchain have developed a global platform that runs on the Blockchain network and operates under the principle of smart contract that can gather, securely store and provide on-demand (with the permission of the data owner), PIThey data to consumers and users alike at a lower cost and in a seamless manner. They are experienced in managing KYC and user data access using our modern and high tech software solutions for text and facial recognition that can be deployed for user data validation.
Xenchain is set to introduce you to a global, end-to-end disruptive model of identity management that is solely powered by the Blockchain network. This new model is poised to provide a platform for secured identity verification, KYC enhancement and onboarding process on a timely intervention and a lower cost.
Their solution removes the complexity of assess requirements associated with multiple websites and applications, and also the issues of user authentication. One of the key breaching points in cyber-attacks is usually through the Business Email Compromise (BEC). It is reported that over $5 billion has been stolen through BEC over a three year period from 2013 to 2016. In 2017 alone, over 200 companies have also been identified to have run the risk of being under BEC attacks by some cyber fraud syndicate. These figures indicate just how phishing attacks become more lucrative for cybercriminals.
With Xenchain, we deploy enhanced user authentication mechanism which includes super intelligent text identifiers, facial recognition and digital ID scanners to ensure user data are securely and legitimately gathered, protected and assessed.
|“||Jan 2018 - Mar 2018: Stage 1. Xenchain version Alpha ready.
Stage 2. Xenchain trial deployment
with corporate customers.
Stage 3. System readiness with
Stage 4. Xenchain structure and legal
Stage 5. Xenchain Whitepaper
Mar 2018 - May 2018: Stage 1. Xenchain version Beta +
Stage 2. Public to participate in token
Sales using Xenchain KYC service.
Stage 3. Campaign in leading Asia,
May 2018: Quarter 3 + Ongoing.
Acquiring 10 million XenUser
and 3,000 XenDataConsumer.
Quarter 4 + Ongoing.
Token allocation to 10 x strategic
Quarter 3 2018: Malaysia, Singapore, Brunei, Philippines,
Quarter 4 2018: Africa.
Quarter 1 2019: Middle East.
Quarter 2 2019: Hong Kong, Tokyo, Korea.
Quarter 3 2019: UK & European Region.
Quarter 4 2019: Ukrain, Russia.
|Hui Yong Sia||Founder/CEO of Tranglo Sdn Bhd||https://www.linkedin.com/in/siahy/||Advisor||4.3|
|Mark Pui||Executive Director at PwC||https://www.linkedin.com/in/mark-pui-b9ab3046/||Advisor||20.7|
|Jit Leong Yeoh||Cybersecurity Advisor at Dell||https://www.linkedin.com/in/jleonyeoh/||Advisor||4.3|
|Mohammad Gharaybeh||Executive Director at Tranglo Sdn Bhd||https://www.linkedin.com/in/mohammad-gharaybeh-a98b2012/||Advisor||4.3|
|Jacky Lee||CEO/Director of TIK FX Singapore and Malaysia||https://www.linkedin.com/in/jacky-lee-yuan-hui-ca-cpa-58351215||Advisor||4.3|
|Wong Horng Yuen||CTO||https://www.linkedin.com/in/vincent-wonghy/||Co-founder||4.3|
|Daniel Pacheco||Vice President of Product Development||https://www.linkedin.com/in/danielpachecocomputerscience/||Team Member||4.3|
|Wesley Tan||Vice President of Mobile Development||https://www.linkedin.com/in/tan-wesley-92a633ba/||Team Member||4.3|
|Kong Hong Phun||Solutions Architect||https://www.linkedin.com/in/kong-hon-phun-792446b9/||Team Member||4.3|
|Riza Purwandi||Blockchain Developer||https://www.linkedin.com/in/riza-purwandi-615b9949/||Team Member||4.3|
|Jovial||AI Engineer||https://www.linkedin.com/in/jovial-1886a8a4/||Team Member||4.3|
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