How Will DCI Use Third-party API System to Improve Verification and Compliance in DCI ecosystem?

in investment •  5 years ago 

Over the past few years, the ICO market has allowed the start-up businesses to raise as much as $20 billion, which in itself is unbelievable. 

However,  

The lack of a solid regulatory and compliance framework in ICOs has led to their rapid decline. According to the data, 80% of the ICOs were fake with no actual product. This has forced the crypto community to come up with new fundraising methods such as STOs, IEOs etc. 

Investors have lost about $100 million worth assets in ICOs in the  last two years. Now, it is highly difficult for any existing investment  solution to gain investor trust due to lack of regulatory compliance and  the absence of a strong governance framework.  Problem Solving DCI Ecosystem Solution…!!!  

Problem Solving DCI Ecosystem Solution…!!!

DCI understands that the existing investment solutions do not offer  the level of trust, security, and investment protection that investors  are seeking today.  Thus, understanding the investor problems, DCI has come up with a solid regulatory and governance system  that contributes to creating a safe, secure and trustworthy trading  environment for both the investors and fundraising companies. 

Wondering about DCI Ecosystem?

DCI is a unique cross-asset investment ecosystem  that allows investors to create a hybrid portfolio of ‘real and  digital’ digital assets with a complete 360-degree view, further  enhanced by advanced technologies like AI/Robo-advisory. 

Machine  learning & in conjunction with a Human Advisor. In easier terms, DCI is an open investment ecosystem that is aiming  to make simplify investments for everyone, including individuals,  institutions, and third parties like accountants, robo-advisory firms,  lawyers etc. who will benefit from each other. 

DCI Ecosystem: Third-Party API System

If we talk about third-party API system, DCI is looking to partner  with.a list of third-party service providers/software vendors who will  provide their services (accounting, legal, advisory, etc. ) directly to  the investors subscribed to DCI ecosystem at no additional cost.  

Investors looking for viable investment options can avail these  third-party services for creating, optimizing, and managing their  portfolio. 

The availability of a vast number of third-party service  providers/software vendors on DCI ecosystem will allow the investors to  choose among multiple options and add/activate these  functionalities/services to their portfolio with complete transparency  and zero fraud. 

That’s not all, the third-party API system also ensures identity  verification and regulatory compliance for all the members, part of the  DCI ecosystem. Here is a list of Third-Party Services that DCI is looking to  integrate into the entire Ecosystem  for Ensuring Verification and  Compliance: 

Accountants/Feasibility Study

The companies registering on DCI for fundraising via STO would have  to submit their annual balance sheets and other relevant financial data  for complete feasibility analysis.  Once the audit is done by the third-party vendor, the company would be allowed to proceed further with registration.  KYC/AML Support for Online Identity Verification  

KYC/AML Support for Online Identity Verification

The investors registering on DCI would also have to go through  KYC/AML procedures, if required, in the specific region to ensure  compliance. 

Lawyers & Legal Firm Support

DCI will also partner with a list of third-party lawyers & legal  firms that will offer their expert legal advice for conducting STOs  properly. Both the investors and fundraising institutions on DCI  ecosystem can avail the third-party legal services to stay compliant to  the regional laws and regulations. 

Notary Services

All the members of the DCI Ecosystem availing third-party services in  the DCI ecosystem will also get access to notary services to sign a  bilateral agreement owing to the exchange of legal and financial  services between them. 

Apart from this, .

DCI also performs regular auditing, monitoring, and due diligence to ensure that there are no issues evident in its existing regulatory framework. Due diligence is presented to each user based on their profile type together with DCI compliance and monitoring.  To unlock more secrets about DCI, please visit the DCI Ecosystem and register on the website:  Register Here 

Originally published on: DCI Ecosystem Blog 


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