Xenchain ICO (XENC)

The Evolution Of Digital Identity


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

Artificial Intelligence Cryptocurrency Smart Contract
4.8

by expert rating and reviews


4.8
ICO PROFILE
TEAM
VISION
PRODUCT
Ended
Token XENC
Platform Ethereum
Price 1 XENC = 0.16 USD
Country Singapore
ICO Start Date 01 Aug 2018
ICO End Date 15 Aug 2018

About Xenchain

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. We 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), PII data to consumers and users alike at a lower cost and in a seamless manner. We 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. 

Our 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.

Team

Hui Yong Sia member of Xenchain ICO
Hui Yong Sia
Founder/CEO of Tranglo Sdn Bhd
Mark Pui member of Xenchain ICO
Mark Pui
Executive Director at PwC
Jit Leong Yeoh member of Xenchain ICO
Jit Leong Yeoh
Cybersecurity Advisor at Dell
Mohammad Gharaybeh member of Xenchain ICO
Mohammad Gharaybeh
Executive Director at Tranglo Sdn Bhd
Jacky Lee member of Xenchain ICO
Jacky Lee
CEO/Director of TIK FX Singapore and Malaysia
Suresh Ramarao member of Xenchain ICO
Suresh Ramarao
CEO
Wong Horng Yuen member of Xenchain ICO
Wong Horng Yuen
CTO
Daniel Pacheco member of Xenchain ICO
Daniel Pacheco
Vice President of Product Development
Wesley Tan member of Xenchain ICO
Wesley Tan
Vice President of Mobile Development
Kong Hong Phun member of Xenchain ICO
Kong Hong Phun
Solutions Architect
Riza Purwandi member of Xenchain ICO
Riza Purwandi
Blockchain Developer
Jovial member of Xenchain ICO
Jovial
AI Engineer

Milestones

  • 1

    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

  • 2

    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.

  • 3

    May 2018

    Quarter 3 + Ongoing.
    Acquiring 10 million XenUser
    and 3,000 XenDataConsumer.
    Quarter 4 + Ongoing.
    Token allocation to 10 x strategic
    XenValidator partnership.

  • 4

    Quarter 3 2018

    Malaysia, Singapore, Brunei, Philippines,
    Thailand.

  • 5

    Quarter 4 2018

    Africa.

  • 6

    Quarter 1 2019

    Middle East.

  • 7

    Quarter 2 2019

    Hong Kong, Tokyo, Korea.

  • 8

    Quarter 3 2019

    UK & European Region.

  • 9

    Quarter 4 2019

    Ukrain, Russia.

Financial

Token Sale Info
Token XENC
Token Type ERC20
Platform Ethereum
Price in ICO 1 XENC = 0.16 USD
Tokens for Sale 105800000
Investment info
Accepting ETH
Distributed in ICO 52,9%
Hard cap 15,000,000 USD

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