KYC Pi Network KYC 2022-Ready for the Crypto Great Revolution?

KYC Pi Network KYC 2022-Are you mining Pi Network token Pi Daily? Surely in this case you have obvious reasons to read this article.

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Pi Network KYC-Every Pioneer had been waiting for the KYC Pi network KYC identification for a long time right after Pi organization launched.

Read:Pi Network KYC 2022

KYC Pi Network KYC

In this decentralized crypto article, we will discuss Pi Kyc, what it means for crypto market lovers, what makes Pi Kyc makes different for Pi Ecosystem, and what it means for you as a user.

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Before we discuss the KYC details, though, if you aren’t suspicious and interested in being the first to find out when we publish a new article on multiple cryptocurrencies, don’t forget to support us, subscribe to our newsletter and Telegram channel!

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Hey, Pioneers! Welcome to the genuine Pi Network KYC article, where we’ll walk you through how to submit your digital KYC application which was recently released and notified in the latest release roll of the Pi app update..

Pi Network KYC-Steps

For this required compliance documentation, you’ll only need your previous mobile phone and your photo ID.

Also later in this article, we’ll show you how the Core Team processes your kyc pi network kyc application with help and approval from local human validators crowd with accuracy in your region.

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Pi KYC-Step-1

KYC Pi Network KYC

First, you will be asked to input your country and ID type that you’ll use to verify your specific identity. Confirm your age and that you consent to the legal agreement.

Step-2

Next, take a picture of your ID photo. After entering the information on your ID into this form, follow an online human liveness test previews which will instruct you on what actions to take along the way so basically it’s a verifier step.

This simple but important step distinguishes real humans like you from fake accounts users, verifiers submitted, and mass computer scripts that try to hoard Pi scalability.

At the end of this step, you will also have to take a photograph of yourself within the application. This photograph will be compared against the picture on your ID to check if they represent the same person. In most cases, the computer algorithm is able to recognize all of the text on your ID.

Most of the text on the ID is redacted like what’s shown here. In some rare cases, when it is not possible for the algorithm to automatically read or ensure the text, the amount of redaction may be reduced to request the assistance of human validators.

With this example, we can see how the pictures are also removed from the ID processing iterations. The pictures are extracted and will be compared with your selfie by a different validator, and there is no audio in the liveness detection video.

In any case, before a human validator starts seeing any of your data, we are showing you exactly how they will appear to them and will only proceed in the KYC application if you consent to share the redacted version of your data with human validators for kyc pi network kyc.

You can see that in the final step of your application.

If parts of your data are not redacted, you can go back and re-upload a clear picture of your ID.

How well the machine automation works very much depends on the quality of the photo of your ID document.

So, in a sense, if you want to minimize the chance of your personal data being seen by human validators, try to provide the best possible photo of your ID document with good lighting, clear and focused content, and a straight and correct angle.

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Once you are comfortable with your obfuscated data, press submits, and you are now done. Keep in mind that your full ID and data are processed by the servers, and the redacted version is processed by human validators.

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And that’s all you need to do to KYC pi network KYC. Also note that this demo is only the current version of the KYC app, and it’s subject to change and improvements as it’s being further developed.

Now, if you’re curious to know how exactly the KYC validation will be performed, continue reading ahead.

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In this KYC pi network KYC solution, most steps of a KYC check will be performed by machines automatically, including data extraction from documents, data obfuscation, data matching, account name matching, and sanction screening.

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Pi KYC -What are Human Validators?

Human validators will only help with the identity authentication process when machine automation falls short including ID type validation, face image comparison, and liveness confirmation to prevent cheating in the KYC process.

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These are selected pioneers who have already passed kyc pi network kyc, verified their identity, and have legally agreed to maintain the confidentiality of any data they see.

Importance of Human Validators

As there are thousands of ID types in the world, human validators from your local region are the best knowledgeable individuals to assess, improve and build that information.

This way the KYC solution can support the widest variety of countries and regions people ID types in the world,

making Pi as accessible as possible. To avoid privacy and human errors, more than one person will be asked to provide an assessment for the platform.

Here, the algorithm decided that validators must verify my ID because it didn’t look real enough.

So, human validators are asked whether this looks like a real Polish passport ID or not. And since this is true, as we would know if we were Polish, we select “yes”.Next, the algorithm needs an assessment on whether the picture on this ID matches the Pioneer’s selfie. Well, obviously not. So we respond “no”.

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Finally, a human validator may be called in distributed batches to decide if a real living person is applying for id verification in the liveness test video thus improving the cybersecurity process.

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No audio is recorded during these test features.

Also, note that each Pioneer contributes one Pi to get KYC participation. This Pi is pooled and given to the human validators to perform their work.

Anyone can apply to become a validator based on a fact that they have passed the individual KYC themselves, but the process to get approved is quite rigorous and looks at many different factors.

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Moreover, even when a pioneer is admitted to the lead service program flow, they are initially only provisional members, and they can only continue reviewing and releasing applications after they prove that their work is accurate and trustworthy and pass this stage.

Conclusion- KYC Pi Network KYC

Well, that’s it for now.

This has been a preview of pi network’s unique pilot developing KYC process.

It allows the Pi community and ecosystem to remind bootstrap and scale itself without the need for any external services, announcements, or millions of fiat currency mechanisms outside of Pi consensus.

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Till then Bye Bye!

You just have to open your eyes. Cheers, I’ll see you next time!

Light up your lightning on time, every day, and spread the Pi value to the community. Hello, and see you again, wish you success

As always, what do you think? Please send us your feedback in the comments of this video and also in Pi chats. Thanks!

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