Internet crimes are at its peak. Customer information leaks over online channels happen to be the fueling the pace. Customers are being spammed, their information is being misused, bank card information thefts and more. This is just one side of the story!

Credit organizations are struggling to get hold of complete lender information or end up getting counterfeit information that makes them suffer to debts.

Power of customer data was understood decades back. A centralized system that incentivizes data providers, data collectors and makes data accessible to end users, is still missing. Some government organizations or market giants do put to use the 6-step process to make collected data usable;

Data Collection > Data Classification > Induction > Modeling > Circulating > Employing data

The process is indeed very comprehensive but it does not make the data consumable for anyone apart from the organization who indulges in the entire process.

Issues with current Customer Data aggregation

[I The investigation procedure for credit grants is very complicated.

[2 Customers are wary of personal information leakage.

[3 Cost of procuring and validating the entire customer information is high.

How does decentralization and blockchain provide a solution to current issues?

Decentralization has found space in all aspects of our lives and with Koala Life project it is building a strong foothold for building customer information Databases. As blockchain promises transparent, traceable and untampered data storage. Koala life project put this advantage of blockchain to use by offering smart contracts to organizations using which they can access the customer data.

Many organizations are running towards hoarding data but they are spending a lot on infrastructure topurchase user data. Project KALC Function Path Planning Project is entirely focused on making datacirculation easy.

Introducing Project Koala Life and the entire ecosystem

A DAPP based on ether and decentralization that completes credit connection across the ecosystem by datacollection and data circulation. The DAPP will replace the existing structure of traditional network service platforms.

[I It establishes blockchain identity.

[2 Data mining can be conducted.

[3 Customers and data collectors will be incentivized.

Step 1:

The Koala Life projects on-boards customers with a KYC first which included verification of customer card,name, and phone number. The procurement of advanced information like:

Face and Live recognition

Step 2:

A Credit life center is built up that stores all the authorized credit card information.

Step 3:

Data mining will incentives users to provide and authorize their complete information.

Step 4 :

Koala wallet allows the tokens earned by users to be transferred and managed easily and securely. With afuturistic vision to offer atomic swaps and other operations of Bitcoin, Ethereum, and many altcoins.

Step 5:

Quick data exchange is enabled by the Koala project as the user data is authorized and can be accessed byorganizations. It saves both resources and time of organizations.

Get more information on our following social media:

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Telegram Group：https://t.me/kalcofficialgroup

Reddit: https://www.reddit.com/user/KALCofficial

Facebook： fb.me/kalcofficial

Web： www.kalc.io

Bounty：https://bitcointalk.org/index.php?topic=5000630

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