ShoCoin Ico Review

ShoCoin Ico Review – Validate Once, Identify Everywhere.

About ShoCoin

ShoCoin allows users and enterprises to establish their identities with one another in a secure, verified way so that any transaction–whether it’s to login, share personal information, or complete a financial transaction–can be accomplished quickly, seamlessly and with peace of mind. Creating a ShoCard ID can be done either through the ShoCard App, or a company or entity can build in the technology into their existing Apps via ShoCard SDKs (Software Development Kit).

ShoCoin are an integrated part of the ShoCard platform and allow for exchange of compensation between different entities as users share their identity and other information that service providers associate with their identity such as their credit score or college certificate.

ShoCoin Key Information

KeyPoints
Token Name ShoCoin
Soft cap10,000,000 USD
Hard cap20,000,000 USD
Tokens for sale1,000,000,000
Min. investment10 USD
CountryUSA
AcceptingUSD, ETH, BTC
Token SymbolShocoin
Token TypeStellar
RaisedUnknown
PlatformStellar
Price in ICO0.1100 USD
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

Service Providers Requiring

ShoCoin patented Identity Management platform is intended to be easy to use and to remove friction and cost for both users and service providers. This creates economic incentives for using the product. Furthermore, different service providers can use this platform to allow a user to exchange information beyond their simple identity – things such as a credit report that is certified by a credit reporting agency. Exchange of such information requires further compensation between service providers requiring it.

Even the user can be given an incentive for utilizing it. ShoCoin is token used for such an exchange to expand and ease the sharing and validating such information and to create   proper micro-compensation for each transaction. The ShoCoin token exchange allows service providers to trade and monetize their identity services (e.g. a certified user credit score with a lender or leasing office). These tokens are also used to offer incentives to users for using their digital identity and to compensate ShoCard for its services.

Benefits of ShoCard and ShoCoin

Security – User’s data, including their biometrics is always on their phone and encrypted when stored. For each field, the data is one-way hashed and then digitally signed. That signature is the only thing placed on the blockchain.

Privacy – User’s data is always kept with the user on their mobile device. It is never stored in a central server that can be hacked. User’s decide with whom their share their data with and which specific pieces of their identity they choose to share.

Easy of Use – Individuals don’t have usernames and passwords to authenticate themselves. While there is always a minimum of 4 factors, users just press a single Touch ID to authenticate themselves. 

ShoCoin own Smart Contracts

  • Digital assets and digital identity: Neo was built with transparency of digital identities in mind. This will make it easier for Silicon to maintain compliance with future regulations.
  • Quantum proof: The NEO blockchain was designed to be quantum computer proof, which will be increasingly helpful as quantum computers become available.
  • Support for multiple languages: The NEO blockchain currently supports development in C#, python, java, go, and nodeJS. The community is actively working on providing support for more languages. This will greatly reduce development time and costs.
  • Speed: The NEO blockchain allows up to 10.000 transactions per second and are working towards increasing the transaction speed to 100.000.
  • Immutability: The NEO blockchain is immutable, no forks. This is a big advantage for that will be keeping a history of transactions on the blockchain.

NEO Smart Economy

NEO’s goal of creating an ecosystem where blockchains make it easier and more transparent for regulatory entities to track resources, as well as, making it easier to perform transactions aligns with our vision. The ShoCoin platform has a broad vision. A multitude of different modules and components will be needed for the run. This ecosystem will involve transactions, history, reporting, transfers, integrations, security, high scalability, and availability. they have a clear vision of the products we will need to build to achieve these goals.