We are building the BCERTs Tokens platform to integrate the BCERTs CORE business cloud (see below), the BCERTs Central Smart Registry “CSR” ledger system, as well as a BCERTs wallet and related blockchain-authenticated functionality. The utility token is for streaming transactions and obtaining services, authenticating users identities, and effecting compliance and regulatory based processes on the platform. The token will be used, for example, in managing identity for Know Your Client (KYC) and Anti-Money Laundering (AML) onboarding, tracking transaction terms, providing compliance based tracing and processes, validating documents and user applications for loans, mortgages, prescriptions and other highly regulated, compliance based, transactions – and for acquiring integration services through privately posts to authentication services, transfer services, and confirmed third party Applications (APPs), posted on the BCERTs APP store.
Given the software development kit, API and open development modules we publish for the platform, and projects, however, we also envision that as we develop the BCERTs protocol, third-party developers may come up with new and novel uses for the tokens, functions and new integrations.
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- The next step is the approval step, which usually takes about 72 hours.