Security
Blockchain is the underlying structure that produces the Kapital Banque white label token and processes/stores the transaction data in a universal ledger. This blockchain technology is very important in keeping our network secure. It prevents previous transactions from being modified and authenticates transactions across all nodes in the blockchain network. Our blockchain’s security is also backed by an important process called cryptography. Cryptography through a process called hashing takes transact input and creates secure blocks of transactions that are interlinked with one another. Also, cryptography secures your Kapital Banque wallet, which is where you can store, transfer, and trade your KB-WLT. By creating public and private keys, cryptography safeguards your token. The private keys also create an online digital signature that allows individuals to authenticate where the coins sent to them came from. Blockchain and cryptography is very important in securing our token wallet and the Kapital Banque white label token.
The White Label KB token is stored in a Kapital Banque wallet and is regulated with fortified blockchain technology. The blockchain technology interacts directly with the API in order to ensure safe and secure transactions. Security is heavily prioritized with the KB token given the design of the blockchain and the Hyperledger. The Hyperledger has the ability to support traditional blockchain networks which allows for private transactions and confidential contracts which are essential for business. Also, the decentralization of the blockchain's core infrastructure ensures our token outstanding security. The blockchain ensures security because its ledger is held by all of its users making it impossible to change or disrupt. It is compatible with other coins through API which makes it a very flexible and secure product.
Blockchain Security
Blockchain is the underlying structure that produces the Kapital Banque white label token and processes/stores the transaction data in a universal ledger. This blockchain technology is very important in keeping our network secure. It prevents previous transactions from being modified and authenticates transactions across all nodes in the blockchain network. Our blockchain’s security is also backed by an important process called cryptography. Cryptography through a process called hashing takes transact input and creates secure blocks of transactions that are interlinked with one another. Also, cryptography secures your Kapital Banque wallet, which is where you can store, transfer, and trade your KB-WLT. By creating public and private keys, cryptography safeguards your token. The private keys also create an online digital signature that allows individuals to authenticate where the coins sent to them came from. Blockchain and cryptography is very important in securing our token wallet and the Kapital Banque white label token.
Wallet Security
The KB-WLT is stored in a Kapital Banque eWallet[ME1] and is regulated with fortified blockchain technology. The blockchain technology interacts directly with the Application Program Interface (API) in order to ensure safe and secure transactions. Security is heavily prioritized with the KB-WLT given the design of the blockchain and the Hyperledger. The Hyperledger has the ability to support traditional blockchain networks which allows for private transactions and confidential contracts which are essential for business. Also, the decentralization of the blockchain's core infrastructure ensures our token outstanding security. The blockchain ensures security because its ledger is held by all of its users making it impossible to change or disrupt. It is compatible with other coins through its API which makes it a very flexible and secure product.
Safe-Keeping Receipt
SKR stands for Safe-Keeping Receipt and signifies when an asset holder gives custody of their assets to a third party (usually a Bank or Financial Institution). The asset owner receives an acknowledgment from the bank for their asset. The assets are safeguarded by the banks and are the legal responsibility of the banks. These holdings can range from bonds, shares, real estate, metals, oils, and many others. The receipt given to the asset holder stipulates that the asset will be returned to its original owner should the asset holder ask for it. The owner of the SKR may monetize the instrument to use these funds as another source of funding for projects.
Know Your Client & Anti-Money Laundering
Know Your Client (KYC) refers to the process of verifying the identity of your customers before you begin doing business with them. The objective of KYC in banking is to prevent money laundering activities from taking place. As financial systems have digitized, more and more anti-money-laundering (AML) legislation has been enacted. In the European Union, for instance, four major AML laws have been passed in the last five years[1]. Kapital Banque recognizes these important restraints on digitized currency and remains fully compliant with KYC/AML regulation.
After the recent launch of Libra, Facebook has fielded questions from the United States Congress over the pseudo-anonymity of their product. Facebook says that Libra will be KYC/AML compliant but it remains to be answered how Facebook will offer a pseudo-anonymous wallet while remaining compliant. If Facebook follows American & European KYC regulation, it will be cutting itself off from many third world markets where consumers are less likely to have identifying documents[2]. One of Libra’s supposed aims is to replace cash in these countries so it remains to be seen how they will accomplish this goal. Either way, Congress’s dislike of Libra is indicative of the fears governments have over KYC regulation with regard to crypto.
Bitcoin, for instance, is not KYC compliant. Users are able to exchange currencies directly through P2P transactions. Websites like LocalBitcoins.com connect sellers to buyers and facilitate direct transactions. These P2P transactions require no form of identification and are not regulated. Most BTC transactions, however, take place through bitcoin exchanges like Coinbase. These exchanges comply with KYC regulations to various degrees but all ask for some sort of identification and a credit card.
Banks are reluctant to work with Bitcoin and Bitcoin-related business in large part due to KYC compliance issues. The significant penalties a bank faces should anything go wrong coupled with the price volatility of cryptocurrencies had lead to an environment where banks steer clear of BTC.
[1] https://www.knowyourcustomer.com/impact-rising-kyc-aml-regulations-europe/
[2] https://www.publish0x.com/fun-games/thoughts-and-feedback-libra-whitepaper-announcement-yesterda-xnqwvo