REMIIT — Decentralized Remittance & Payment Platform (Part II)

1. Remiit ICO

2. Remiit Service
* Remiit Linker Protocol (RLP)

Linkers with various expertise levels of business can operate on the REMIIT platform in their own way according to their operating requirements. To support various interworking methods according to the degree of freedom of the technical infrastructure of the Linkers, REMIIT Linker Protocol (RLP) is provided. There are two main purposes of providing RLP. First, REMIIT provides a simple interface for Linkers to conduct business with various components within REMIIT. Second, we aim to define standardized communication protocols between Linkers. Previously, Linkers are supposed to learn and utilize the service infrastructure created by other Linkers in order to connect their businesses. As we have looked into issues previously, Linkers have been constantly demanded to pay a high cost in this ever-changing business environment. In this regard, REMIIT is committed to provide Linkers with the means to easily access various components and to define a standardized interface. We will provide a variety of services for RLP and will continue to expand as the Linker category grows. This diagram depicts an architecture in which how the various groups of Linkers utilize them.
* KYC/AML Solution

• One of the most important but troublesome procedures for the Linkers and users in the overseas remittances are the KYC (Know Your Customer) and AML (Anti-Money Laundering) processes. Basically, this solution is designed to help the KYC/AML process, at the same time; it also has some other important components.
• First, the KYC/AML outcomes of each Linker are recorded in the blockchain.
• With this objective information, previous KYC/AML outcome is available for checking and verification. Based on this information, Linkers will be able to contact other Linkers on the basis of reliability and refer to the Reputation system. Furthermore, users can manage their personal information effectively by designing the KYC/AML process with the Linkers that require different information from users.
• For this, we have created a standardized format of the personal information for each country related to remittances and linked channels between REMI wallet and the KYC/AML solution. Within the REMI wallet, users can keep their personal information to comply with the national standards of each remittance, which is only kept safe within the app. Users no longer have to go through complex processes to provide personal information to meet different formats and requirements of Linkers.
• KYC/AML Solution:
  - Request for remittance
  - Request for Information
  - Approve for information inquiry
  - KYC completed
  - AML complete
  - View Record

Remi Wallet
REMI wallet can be defined as a client managing the REMI token. The interface will go through continuous upgrades to make it easier to use REMIIT’s services more intuitively, as well as the simple wallet functionality.
* RSC management
RSC management is similar to the Favorites function. Users can manage the RSCs they are participating or interested in. It provides various functions to utilize the RSC, such as a function to participate in the RSC presented by a Linker, play a role as a history feature and so on.
* Linker management
Linkers are very important to users of overseas remittances for an efficient remittance. One of the biggest advantages of using REMIIT services is that you can check the process of transactions transparently and choose a trade method with the Linkers, which was non-transparent in the past. Through the Linker management service of REMI wallet, users can easily read the RSC List proposed by the Linkers and reputation score that reflects transaction history. Also, users can experience the function which they can take an active part in the transaction.
* KYC information management
KYC information management is the function interlocking with the above KYC/AML solution. It can securely manage user’s personal information in the wallet and approve the information access upon the request of a Linker.
* Reputation management
Users can manage the credit rating generated from the blockchain transaction. This feature allows participants to manage their own credibility and enjoy various benefits.
* Remiit payment
REMI wallet can be used as a payment means by itself. Direct payment services with electronic devices (smart phone, etc.) will also be provided when purchasing goods.

3. Remiit Roadmap

The REMIIT Platform aims to be a revolutionary initiative as a catalyst for the development of a more efficient and innovative structure for overseas remittance and payment and provide these various services in each and every country.

*Website: https://remiit.io/
*Whitepaper: https://remiit.io/static/remiit/images/Whitepaper_REMIIT_Eng.pdf
*Telegram: https://t.me/remiit