Welcome my friends to a new interesting ICO today and let’s see their great idea:
A Global Platform for Frictionless Identity Verification
The actual security violation concerns are:
- Identity Theft
- Unwanted ads
- Cyber victimization
- Invasive agreements
- Minors safety
Velix.ID goes for tackling the issues of money related costs, time utilization, protection, and security worries in the Identity Verification Space by presenting a decentralized Ecosystem for Identity Verification that puts the two Users and Businesses at favorable position.
Such a platform is client upgraded (i.e. time and cost effective), decentralized (does not store information in any focal database), straightforward (the credibility of exchanges can be checked by anybody), secure (regardless of whether Velix.ID frameworks are broken, it does nothing to trade off the User’s information), cloud (the Users’ protection is ensured consistently), and widespread (close moment ID confirmation without topographical confinements).
The project vision:
Velix.ID intends to wind up an environment for all partners in the IDV (character confirmation) industry — by offering an open, secure, solid and trusted blockchain shrewd get that can turn into the base of a trust-system subscribable by every one of the partners; regardless of whether personality holders, checked personality suppliers or the confirmed character searchers.
- Identity holders
Everybody among the 7 billion individuals of this world would group as personality holders in the Velix.ID community. All personality holders on the Velix.ID ecosystem have a one of a kind Identity number to which the majority of their information will be related.
- Verified-identity seekers
The associations who require a person’s checked personality, however would prefer not to put time and cash in confirming the character themselves, can utilize the Velix.ID ecosystem as Verified-Identity Seeker.
- Verified-identity providers
Any foundation or business that takes part during the time spent check of character related data of an individual or a business fits the bill to be a Verified-personality Provider on the Velix.ID blockchain.
The Level of PII
On the off chance that the team isolate the by and by identifiable data (PII) of the User into different levels according to the significance joined to them and the hazard engaged with executing the data from the Verified-personality Provider to the Verified-Identity Seeker, at that point the errand of the exchange can turn into significantly more helpful and hazard loath. The Velix.ID Platform isolates this data into 4 distinct layers.
LEVEL 0: BASIC PII: This level characterizes task of a Unique ALPHA-NUMERIC id related with an Identity.
LEVEL 1: VERIFIED PII : On the off chance that the personality holder has data confirmed equal to this level, at that point the Velix.ID of the User can be acknowledged as a character verification with the end goal of KYC.
LEVEL 2: ADVANCED PII : At this level, the Platform will be skilled to store nonstandard and industry particular information for an Identity on the Blockchain.
LEVEL 3 – BEYOND PII : At this level, the User has had their personality checked to the point where exchange of confirmed archives from work environment/instructive establishments/legislative associations, can be asked.
All activities on the Velix.ID blockchain are executed by calling capacities on smart contracts.
The Stellar Consensus Protocol(SCP) depends on the combined byzantine understanding frameworks (FBAS). The preferred standpoint is that the participation isn’t set up by any focal expert or shut transactions.
The project benefits, advantages:
- a universal ecosystem – Velix.ID isn’t restricted to a specific nationality or land limit.
- a secure ecosystem – Velix.ID does not store any information about the User with it.
- an obscure ecosystem – Utilizing zero-learning proofs, the most recent in the blockchain innovation, Velix.ID blockchain guarantees the protection of executing parties from different clients on the blockchain.
- a transparent ecosystem – Velix.ID ecosystem gives unquestionable genuineness to each exchange made on the blockchain.
- a decentralized ecosystem – With Blockchain, Velix.ID can decentralize the entire framework in a way that each organization can check and demonstrate the realness of exchanges of data — recorded on an exchange record.
- a user-optimized ecosystem – The Velix.ID ecosystem will decrease the expenses altogether as just a little charge must be paid to the confirmed character supplier by the checked personality searcher.
The token utilization:
The exchange of checked character happens utilizing Verification Stamps (VS) on the Velix.ID community, with 1 VS = 0.1 VXD = 10,000 VELs. One Verification Stamp is the cost of one character check exchange on the Velix.ID blockchain. The Verified-Identity Seeker pays for getting the checked personality to the Verified-Identity Provider, and a little measure of tokens from this exchange is paid to the Identity Holder as a motivator to take an interest in this exchange and give his/her assent for the exchange.
The project roadmap:
- The idea: A blockchain-based universal unique ID for each individual
- Testing the concept over Bitcoin’s, Ethereum’s, Stellar’s and other available blockchains
- Architecting the idea with a hybrid blockchain of Ethereum and Stellar — validation of idea by technical advisors
- Concept launched publicly
- Minimal Viable Product developed and launched on play store, and Smart Contract Deployed
- Presale and Crowdsale for the VXD tokens with bonuses
- Beta testing & development
- App launch for PII Level 0, 1. Functional for use-cases such as e-commerce, KYC, etc.
- Expansion to 10 other Asia-Pacific Countries for PII Level 0,1.
- App expanded to support PII Level 2. Functional for use-cases such as Hotel booking and Employment Details
- Further expansion in Asia-Pacific and Western Europe.
- App expanded to support PII Level 3. Functional for use-cases such as Medical Records
- Expansion in Asia, Europe, Africa, and the Americas.
The Project Team:
Velix.ID has been designed and created by a highly experienced team of 17 member of technology experts. The team’s members bring together expertise that gives them a deep understanding of the challenges faced by many crypto enterprises including the legal, regulatory and compliance issues.
- Manav Singhal – CEO & Co-founder
- Balwant Singh – CTO & Co-founder
- plus the Velix.ID team & advisers
- Token: Velix.ID
- Abreviation: VXD
- Platform: Ethereum
- Accepting: ETH
- Total supply: 100m VXD
Tokens Sale availability (main sale):
- Start date: 17.Apr.2018
- End date: 15.May.2018
Project verified by Bountyhive.io – A Fully Featured Bounty Platform For ICOs
About the author (alexicotrick on bountyhive)
My passion for everything that means cutting-edge technology, blockchain, cryptocurrency, ICOs and not only made this article to be alive. I’m Alex Hummels and I wish you “happy reading” of others of my articles. Thank you all.