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.
We create and distributes XENCs to utilize the decentralized network of blockchain technology and enhancing personal data security by controlling where the data is stored and who has access to that information.
Current verification methods are time consuming, expensive and highly inefficient for both users and businesses which revolves around physical document authentication. There is also risk of data leakage to unknown parties who can easily gain access to personal information from the traditional centralized storage system
Personal data is encrypted and stored in a public ledger making it safe from breaches. Users will have control on who gains access to their information by giving permission to requestors to retrieve it from the network. Most importantly, the data is validated by other users to ensure its credibility before onboarding it into the Xenchain network.
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