MVP Announcement

It’s hard to believe how far we’ve come since Clears’ token private sale back in April. Yet, here we are — proudly announcing our MVP (Minimum Viable Product) status.

What started as a lightbulb idea looking to find footing in the crypto space has already evolved into a valuable service. Now that the foundation is firmly established, Clears has begun to help various companies with their KYC processes.

But these are only the first steps in the right direction of an extraordinarily exciting journey. Clears is truly beginning to see the many doors of possibility with its verification technology.

Before we jump to that, though, let’s jog our memories a bit.

Clears offers a secure, fast, and cost-effective solution

We didn’t create Clears just to toss our hats in the ring for novelty’s sake. The reality is: Existing KYC processes are as flawed as they are necessary. Which, in turn, means a world of headache for all parties depending on them.

Currently, the data being used in a typical KYC process is often extremely fragmented and insecure. Additionally, many KYCs processes are unnecessarily complex, time-consuming, and pricey.

Enter: Clears, a secure, cost-effective and fast solution.

It works smoothly for companies, customers, and regulators alike

For organizations:

• Clears ensures the proper identification of each customer (by completing a sanity check and monitoring regulations)
• Allows for customization to accommodate their company-specific needs
• Is cost-effective (Using the same data repeatedly means the average cost of a KYC decreases substantially)
• Guarantees the integrity of the process through and through
• Saves time, energy, and responsibility as an independent third party
• Is easy to integrate to a website

For users:

• Clears provides a much faster KYC (vital during a time-sensitive ICO)
• Offers more convenience (as users’ data remains valid after initial KYC)
• Promises legitimacy (across international regulations) and security (with high-end Ethereum blockchain technology).

And for regulators:

• Clears aims to expedite accessibility and acquisition of necessary documentation
• Simplifies the auditing of information
• Complies with GDPR and other international guidelines

In fact, one of our greatest challenges thus far has been directing our messaging at all three of these audiences. Clears is designed to help each party; with distinct website streams for each one, we’ve been able to communicate just that.

How does it work?

Clears leverages the power of a decentralized blockchain for identity verification and background checks.

For every new user, Clears creates a unique, unalterable permanent blockchain ID (known as a Clears ID). This ID will be used to identify the user during all KYC processes they will ever have to complete.

Using private and highly-secure databases, including Anti Money Laundering (AML) databases, Clears will then perform a complete background check for the new user.

Clears will then be able to provide:

• A thorough identity check and proof that the KYC has been completed
• The ability for any company doing a KYC to validate their data by comparing it with the certified data only available through Clears
• A complete data hash, hosted inside the Ethereum blockchain, complete with a timestamp
• Additional background-checks, as needed

When a user is asked to complete a new KYC, Clears will complete an identification check by asking random questions regarding the user and, upon satisfaction, will immediately certify that the KYC has been completed.

On August 2nd, 2018 Clears has just validated and processed its 2 firsts KYC on the Ethereum ledger.

https://etherscan.io/address/0x390b4bbb3a1b0360d8e84ab82b0241067831e4f7

https://etherscan.io/address/0x5F6FFD975bf20745537327dc75A804F753ADa26c

Those are two Clears token buyers with KYCs processed using Clears production infrastructure — they were advised and they are the first to be cleared for the Clears Token Sale.

For details beyond these CliffsNotes, check out our website or insight from our CEO.

Looking ahead

Clears may have been constructed with crypto companies in mind, but its potential application has already exceeded this niche. Online auction-based automotive marketplace Dashub, for instance, recently signed on to use Clears’ user verification solution.

“The automotive sales industry is a constant victim of fraud, and requires unique conditions to secure its marketing funnel,” Dashub President and CEO Max Kane explained. “Partnering with Clears was an obvious choice for both user protection and their unique blockchain approach.”

Thus, while created with crypto in mind, Clears aims to integrate blockchain technology into mainstream marketplaces that require trustworthy verification processes.

Furthermore, we’re currently working on an exciting product rebrand to better reflect the feel and vision of our endeavor. Now that Clears has MVP roots firmly in place, we want our look to fully encapsulate our values and direction.

And from where we’re sitting now, the possibilities our future holds are only growing brighter and brighter.

About Clears

Clears aims to be the standard KYC in the rapidly growing ICOs, Fintech and Cryptocurrency marketplaces, expanding to serve all industries that require identity checks and KYC processing. We are confident that users will specifically request that Clears processes their KYCs due to its convenience and enhanced security.

Learn more at http://clea.rs/

Join us now!