We hear a lot these days about the many achievements of the NFT space, whether it’s its collections breaking sales records or gaining mainstream support from the industry. However, at the same time, we are also hearing about NFTs being stolen in hacks, consequently making asset security a top priority. So, to bring some stability to the industry, the German cybersecurity firm, UBIRCO, has developed its new ‘Know Your Customer Token (KYCT)’. This token will essentially allow easy identification of crypto wallet holders, as well as the origins of the assets stored in them.
https://www.youtube.com/watch?v=fYCNHP_WzB8
How UBIRCH works
UBIRCH is focused on providing greater security for creative professionals, who play a crucial role in the industry. The process consists of linking the KYCT with the user’s wallet and civil identity. This link then creates a secure token that contains all the relevant information about the wallet, including the main details of the person involved.
Due to its Web3 nature, KYCT details can be viewed by anyone through a blockchain explorer, which means that the identity of the artist can be confirmed at any time. Furthermore, by simplifying the transaction and identity confirmation process, UBIRCH has streamlined business for creative professionals operating within the Web3 industry. Despite its innovative nature, the platform has been designed to be easy to use and cater to creatives with limited technical knowledge. Therefore, with UBIRCH, blockchain technology will become more accessible to everyone.
Interested creatives can mint their own KYC tokens through the UBIRCH platform and be well on their way to better identification and wallet security. Meanwhile, the company also offers a service to galleries, marketplaces, and other Web3 platforms to integrate directly into their services.
So, as the age-old battle against fraudulent behavior continues, Web3 has gotten a powerful new tool in the form of the excellent new UBIRCH KYC token.
Learn more about the UBIRCH KYC token >> Here
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*All investment/financial opinions expressed by NFT Plazas come from the personal research and experience of our site moderators and are intended for educational purposes only. People are required to fully research any product before making any type of investment.
Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has been featured on sites like BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.
