![Safein-pic 2.jpg](https://steemitimages.com/DQmNcuXESLnwsKhUYiy3K8i82hFYLxArRVq78nAAR89rLpc/Safein-pic%202.jpg)

Recently we took a look at the Safein ICO— a project to create one secure authentication wallet that allows you to join new websites and services without having to endlessly fill in forms and complete burdensome KYC processes each time.

Well today it’s time to take a look at how their roadmap is shaping up — how developed their product is, when will key milestones be hit and what we can expect from them going forward.

# What is Safein All About?
[Safein](https://safein.com) is attempting to remove all the hassle and time involved in providing and verifying identity information online. What they are aiming to do is allow you to just provide all your details once to their system, then any time you visit a new website that requires ID information, you can just use the data that is stored in your Safein wallet rather than having to enter your details each time.

When it comes to KYC procedures, this can save a lot of time as it can take days or even weeks sometimes for documents to be verified. It will be a benefit to businesses too, as it will save them a considerable amount of money in KYC procedure costs and not having to spend so much in resources recovering people’s forgotten passwords.

Safein’s systems will also provide additional security for people as they won’t have to individually submit ID documents each time by e-mail and will have an encrypted file, which they control over in terms of the data companies can see. The information can also be backed up or protected via biometric identification.

# What Stage are Safein at Now?
The good news is that unlike a lot of other ICOs that are months or even years away from having a working product, Safein are already a long way down the road with their development plans.

Here is a summary of what they achieved to date:

- 2nd Quarter 2017 — Safein concept was created
- 4th Quarter 2017 — Launched the MVP (minimum viable product) allowing login with a simple single click
- 1st Quarter 2018 — Release of the Whitepaper and ICO preparation. Fully automated ID verification also introduced

So that’s where we are now. Really it has been fairly rapid development in less than a year to have developed a product, put together a complete business plan and Whitepaper and launched an ICO.

And they have an Alpha version of their Safein wallet which you can test out for yourself right now by going to the homepage of their website and clicking in the top right-hand corner where it says “Try Safein Alpha.”

# What are the Plans Going Forward?
In terms of the roadmap going forward, we shouldn’t have to wait too long for major developments either.

Here are the major milestones scheduled for the roadmap going forward:

- 3rd Quarter 2018 —plans for the API and SDK (software development kit) to be released, allowing websites to link up their registration processes with Safein’s wallet and to use Safein tokens to pay for KYC services. Aiming to have their first clients signed up during the quarter
- 4th Quarter 2018 — storage to be fully decentralised and storing proof of verification on the blockchain
- 1st Quarter 2019 — plugins for sites such as Wordpress introduced
- 3rd Quarter 2019 — other verifiers will be able to participate in verifying data
In essence then Safein should be fully operational and providing its services to businesses and customers by the third quarter of this year — so that could be as early as July potentially.

After that the major goals are to add on features and integrate their verification systems on the blockchain, which is crucial to ensuring the security, immutability and authentication of the data provided.

# A Look at the Business Plan
Safein is aiming to rapidly grow its user base, both in terms of the public and businesses. In order to do this, they will be using a variety of methods, including:-

- Reward programs — reward schemes have proved very successful for companies such as PayPal, Airbnb, Dropbox and others in terms of growing their user bases quickly and Safein plan on using similar reward schemes.
- New users receive Safein tokens — when signing up to Safein through a partner website’s KYC procedure, users will receive SFN tokens. When following this process, businesses won’t be charged either (although presumably would be for onboarding new customers who already use Safein).
- Other crypto projects —initially the focus will be on signing up people during their own ICO phase and then integrating with other ICOs, which are increasingly using KYC procedures and could benefit from Safein’s services.
- Pilot projects with banks — the next major target will be with banks, who have a significant need for cheap, effective KYC processes. Safein have paid close attention to regulatory requirements in the banking sector.
- Competitive pricing — a major part of Safein’s appeal is its potential to be cheaper than traditional KYC. They are aiming to achieve a price of $0.30 — $0.50 per verified identity, compared to traditional charges of $1.5 — $3.

The business plan makes sense and they will be using some tried and tested strategies as well as aiming to be cheaper than their rivals. Encouragingly, they already have established partnerships with several companies, including ZK Labs, Evergrowth.io, ZET Technologies and Ultraplay.

# Conclusion — A Long Way Down the Roadmap

It is good to see that Safein are a long way down their roadmap in terms of delivering their service. There is already an existing product that people can try out right now and their goal is to have the full services ready for websites to use by Q3 this year, which is only a few months away. Then integration with the blockchain is scheduled to happen in Q4 this year.

Whether the project is a success will depend on a large extent on how many users and businesses they manage to sign up, as is the case with so many ICO projects of course. Getting lots of users should make lots of businesses sign up and vice versa.

Their business model makes sense though and by being able to use a verified identity repeatedly gives them a competitive pricing advantage over rival services.

The only thing we wait to see is how widely this is taken up, but certainly it is a good idea and has significant potential.

You can check out the Safein ICO [here](https://safein.com)

Article written by [cryptodan21](https://bitcointalk.org/index.php?action=profile;u=1487332), Eth address: 0x06112aCDb854B3400507C3eDb0A0F148D0b3aFbC