Xenchain

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Xenchain
Xenchain logo
Xenchain ICO Review
Xenchain ICO
Ticker: XENC
ICO start: 2018-08-01 08:00:00
ICO end: 2018-08-15 23:30:00
Price: 1 XENC = 0.16 USD
Bonus: 1
Tokens: 105,800,000 XENC
Tokentype: ERC20
Hardcap: 15,000,000 USD
Platform: Ethereum
Distributed: 52,9%
Minimum: 0.1 ETH
Accepting: ETH

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

Description[edit]

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.

Roadmap[edit]

Jan 2018 - Mar 2018: Stage 1. Xenchain version Alpha ready.
Stage 2. Xenchain trial deployment
with corporate customers.
Stage 3. System readiness with
corporate XenValidator.
Stage 4. Xenchain structure and legal
preparation.
Stage 5. Xenchain Whitepaper
Mar 2018 - May 2018: Stage 1. Xenchain version Beta +
Blockchain storage.
Stage 2. Public to participate in token
Sales using Xenchain KYC service.
Stage 3. Campaign in leading Asia,
Europe cities.
May 2018: Quarter 3 + Ongoing.
Acquiring 10 million XenUser
and 3,000 XenDataConsumer.
Quarter 4 + Ongoing.
Token allocation to 10 x strategic
XenValidator partnership.
Quarter 3 2018: Malaysia, Singapore, Brunei, Philippines,
Thailand.
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.[1]

Team[edit]

name: title: links: group: photo: iss:
Hui Yong Sia Founder/CEO of Tranglo Sdn Bhd https://www.linkedin.com/in/siahy/ Advisor Hui Yong Sia photo 4.3
Mark Pui Executive Director at PwC https://www.linkedin.com/in/mark-pui-b9ab3046/ Advisor Mark Pui photo 20.7
Jit Leong Yeoh Cybersecurity Advisor at Dell https://www.linkedin.com/in/jleonyeoh/ Advisor Jit Leong Yeoh photo 4.3
Mohammad Gharaybeh Executive Director at Tranglo Sdn Bhd https://www.linkedin.com/in/mohammad-gharaybeh-a98b2012/ Advisor Mohammad Gharaybeh photo 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 Jacky Lee photo 4.3
Suresh Ramarao CEO https://www.linkedin.com/in/stevrao/ Co-founder Suresh Ramarao photo 4.3
Wong Horng Yuen CTO https://www.linkedin.com/in/vincent-wonghy/ Co-founder Wong Horng Yuen photo 4.3
Daniel Pacheco Vice President of Product Development https://www.linkedin.com/in/danielpachecocomputerscience/ Team Member Daniel Pacheco photo 4.3
Wesley Tan Vice President of Mobile Development https://www.linkedin.com/in/tan-wesley-92a633ba/ Team Member Wesley Tan photo 4.3
Kong Hong Phun Solutions Architect https://www.linkedin.com/in/kong-hon-phun-792446b9/ Team Member Kong Hong Phun photo 4.3
Riza Purwandi Blockchain Developer https://www.linkedin.com/in/riza-purwandi-615b9949/ Team Member Riza Purwandi photo 4.3
Jovial AI Engineer https://www.linkedin.com/in/jovial-1886a8a4/ Team Member Jovial photo 4.3

External links[edit]

Xenchain on Twitter
Xenchain on Telegram
Xenchain on Facebook
Xenchain on Medium
Xenchain on Bitcointalk
Xenchain on Github
Xenchain on Reddit
Xenchain on Youtube
Xenchain Official Website
Xenchain Bounty
Xenchain Whitepaper

Sources[edit]

  1. https://xenchain.io

See Also on BitcoinWiki[edit]