It is the easiest way to do KYC checks. In a matter of minutes ICO Pass verifies authenticity of person's ID documents, does a face-matching, checks Sanction lists and the country of origin & residency. After the identity is verified it is written in blockchain and the identity holder can choose to share this data with as many services as wants. We initially will focus on Token Sale organizers that need to do KYC checks in order to exchange crypto to fiat.
ICO Pass is a suite of tools for the gathering, verification and exchange of know-yourcustomer (KYC) information.
The target audience are tokensale organizers on the Ethereum blockchain. For each contributor, ICO Pass gathers:
date of birth
mobile phone number
nationality and country of residence
address of residency
photo of ID document
photo of person
This information is verified against multiple backing providers (initial version uses Onfido), then it is signed with an ICO Pass key, encrypted against the public crowdsale address, and published to IPFS. For tokensale organizers, ICO Pass provides smart contracts with modifiers to verify sender address on time of payment, and a web-application to access and manage the gathered KYC information. No sign-up or up-front work is required. For contributors, ICO Pass publishes a mobile application, which facilitates the gathering of KYC information. Contributors will prove their address ownership via small token ethereum transfers, which will be refunded (minus the network fees).