KABN: solve the existing problems of personal identification
As far as we know, more than 7 billion people live on Earth, and as it turned out, about two billion people cannot confirm their identity, etc., another two million do not even have bank accounts and accounts, and five billion people do not have smartphones and access to various digital wallets.
The inability to verify and identify a person hampers the development and growth of various markets, as this makes it impossible to obtain services such as bank services, life insurance, property, etc. definitely lending. And as a result, the number of people who can use them is negligible. A very distressing and inconvenient restriction for the society, as under the influence of these barriers it impedes economic development at the institutional level. Also, without identity checks, economic exchanges will not be possible. Without reliable identification, many people cannot access banking to obtain credit or value, which impedes economic development. The failure to verify authenticity also impedes access to some basic human rights, including education and health.
Currently, the problem of authentic identification of a person is still relevant. In the 21st century, during digital technology, this procedure should be as simple, fast, confidential and of course, safe. Identification is required in almost all spheres of human life, banking, insurance, credit, health care, recruitment, logistics can be listed indefinitely. Wherever we go, we need one or another level of identification. Fortunately, progress does not stand still, and the project KABN has emerged that will enable the whole world to enter the world economy thanks to the latest publicly available digital identification.
KABN is new decentralized platform built for the new economy, including a number of functions to offer a complete solutions. It is equipped with its own identification system and a multi-currency wallet to provide a complete solution for its users. KABN is an innovative platform for new generation financial services. It offers cost effective and efficient matching services in exchange for acquiring, leads to the issuance of Visa Card Accounts and access to a secure KABN bank wallet. KABN monetizes all its holders of cards with minimum transaction fees, as well as a commission of loyalty for purchases and affiliate commissions. The KABN whitelist architecture ensures compliance with all requirements and scaling across several financial points of interaction, while simultaneously meeting all individual needs of its customers.
KABN is one of the few companies that has received approval and permission to issue reloads of a prepaid Visa card. KABN intends to start in Europe in the first half of 2019 and already plans to expand its activities in оther jurisdictions. Each KABN client who passed the test and sent KYC/AML to the KABN platform has full rights to receive a Visa card issued by KABN and a corresponding high security wallet. The gоal of the KABN Card program is to provide all its customers with the ability to conduct cryptocurrency in the real world without any obstacles. At present, it is rather difficult to convert cryptocurrency into the local currency of this or that country, which creates inconvenience. All customers and consumers will be able to immediately convert their cryptocurrencies to Fiat, and this will attract more and more customers.
KABN ecosystem offers customers the ability to confirm their identity, providing third parties with confidential documentation, and the ability to use digital currency as well as convert and spend them to traditional currencies, or Fiat, wherever used by Visa, with the participation of active Loyalty Programs, which provide a permanent value. Creating global access to financial services and ensuring full financial integration allows KABN to unlock the huge economy of emerging markets. People around the world will be empowered and have more economic opportunities.
The platform is designed to facilitate remittances between parties, checking received money 100%, as participants will be biometrically verified. The achievement of a new economy with the help of error-free authentication seems to be possible with KABN. Thus, the platform, therefore, will reduce the costs associated with access and data verification, as well as the fraud and leakage that occur in traditional systems.
The KABN project team intends to solve the existing problems in the field of personal identification, which in turn will open access to the whole range of services, and therefore will contribute to improving living standards and economic development. Not a few projects in the field of personal identification already exist and are actively developing. The problem of identification is highly relevant and its solution is one of the most important tasks of the 21st century. KABN will be able to make a huge step towards the development of the field of identification, to ensure the transparency, reliability, security and durability of identification data.
LINKS:
Website: https://www.kabntoken.com
Whitepaper: https://www.kabntoken.com/wp-content/uploads/2019/03/KABN-Company-Overview-Summary-V1.2.pdf
Twitter: https://twitter.com/KABNNETWORK
Linkedin: https://www.linkedin.com/company/kabn
FaceBook: https://www.facebook.com/kabnnetwork
Telegram: https://t.me/kabn_network
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