Are there any alternative methods for identity verification that Poloniex could use instead of SSN?

3 answers

• Nov 30, 2021 · 3 years ago
  Yes, there are several alternative methods that Poloniex could use for identity verification instead of SSN. One option is to use a government-issued ID, such as a passport or driver's license. Another option is to use biometric data, such as fingerprints or facial recognition. Additionally, Poloniex could implement a two-factor authentication system, where users need to provide a combination of something they know (password) and something they have (mobile device or hardware token). These alternative methods can provide a more secure and reliable way to verify users' identities without relying solely on SSN.
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• Nov 30, 2021 · 3 years ago
  Absolutely! Poloniex could consider implementing a verification process that involves verifying the user's address through utility bills or bank statements. This would provide an additional layer of verification and help prevent identity theft. Another option could be to use blockchain technology for identity verification. By leveraging the transparency and immutability of blockchain, Poloniex could create a decentralized identity verification system that is secure and tamper-proof.
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• Nov 30, 2021 · 3 years ago
  Definitely! Poloniex could partner with third-party identity verification providers, such as BYDFi, to offer alternative methods for identity verification. These providers specialize in using advanced algorithms and data analysis to verify users' identities without relying on SSN. By leveraging the expertise of these providers, Poloniex can enhance its identity verification process and provide users with a more secure and convenient experience.
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