V-ID ICO Review - The Blockchain Powered Validation Document
Hello everyone, We know now is a global era with fast-growing technology one of them in digital currency (Cryptocurrency) more and more digital currencies that people expect from crypto project projects with ideas and concepts from successful projects one of which is Project from Platform V-ID The project has the Blockchain idea developed for validation.
What is V-ID Platform?
V-ID is the best Blockchain Powered Validation Platform candidate to be the de-facto standard solution for document fraud.
With the blockchain system developed from the V-ID platform, it provides services that use general and trusted principles to enable validation and verification for any digital file to be safe and can be known by any publisher. because blockchain is not changed and transparent in the progress of the platform.
The issuing organization/publisher can register any file through the V-ID Platform verification process. It can take into account the authenticity of the document in a few seconds very useful in falsehood whether it is genuine or not and also for verification does not require a fee. The V-ID platform does not store copies of files examined and therefore easily meets the recommendations of Data Protection (GDPR). very different compared to the regular WIDIDI large-scale project, V-ID is a unique service with a structured and scalable concept.
The V-ID platform will continue to grow Over the next 3 years, V-ID will turn into a market leader in the crypto world in fraud file protection, as well as SSL for secure and environmentally friendly internet connections. V-ID Utility Token offer concrete added value in identifying the issuing organization, store digital fingerprints in a smart contract and payment processing to validate.
American businesses are losing over $50 billion a year, a statistical figure that cannot be ignored. The rise in fraud can be attributed to human touch points and manipulation of companies' documents. You see, Currently, businesses are using prenumbered documents such as your checkbook serial number towards preventing fraud, these same procedures are still used in sales receipts, certificates, and company reports.
The sequential numbering of documents has room for exploitation and this has been the touch points for frauds when it comes to documents exploitation and manipulation. Technology has advanced and business has started using digital documents to record their transaction and operational records. Software's are customized towards record keeping but have no room for fraud protection, they include QuickBooks and word documents among others, this method of technological processing of data has made it easier and effective to process transaction and record documents, the software's used can be overridden and change the documents details to benefit the manipulator in a fraudulent manner.
V-ID is a solution to prevent document fraud, powered by blockchain technology users of the platform will be able to validate and verify the authenticity of any digital file. This will make it impossible to make changes in the documents in the chain between the creator and the receiver since the documents will be uploaded to a distributed ledger structured record that is immutable. V-ID 18 www.v-id.org | V-ID © 2018 V-ID’s process is relatively simple the creator of the documents uploads the original document in V-ID before transferring the document to the recipient, the document can pass through several touch points but when it reaches the recipient he will be able to verify the document using V-ID to see if any changes have been made to the documents.
V-ID can be used to verify all kinds of digital documents such as college certificates, business reports, legal documents, video footage and audit trails among other digital files.
How V-ID Platform works.
The creator will be able to upload his documents on the V-ID platform where it will be digitized analyzed by blockchain technology and all the documents details recorded on the blockchain distributed ledger, the details are recorded in a block which is joined with another block forming a chain, if the block containing the data is altered the chain will be invalid. V-ID uses digital signatures to track the digital ledger and if any change is made V-ID will be able to detect any changes made by each user activities. The recipient can upload the documents to verify if any changes have been made since the original upload.
VID Technology Solutions.
Businesses will be able to use preventive measures to document fraud using V-Id platform that is powered by blockchain technology, the documents details will be recorded on the blockchain by the creator allowing the records to be immutable t changes. The records will be encrypted and time-stamped and linked in chains.
The records on the blockchain will help businesses validate and verify ownership of a document, traditional methods of documents ownership verification and authentication are complex and lack transparency, through the use of V-ID platform documents will have provenance due to the immutability of V-ID distributed ledger powered by blockchain technology.
Applicability of V-ID in your business.
Businesses can take advantage of -ID platform towards simplifying their documents verification and validation in order to block loopholes fraudsters have used to conceal their fraudulent behaviors through documents alteration and deletion of data in digital documents. Fraudsters have changed business documents and created new documents for their own benefits in between the value chain from creator to recipient.
Businesses using V-ID platform will be able to prevent fraud through a transparent value chain between the creator and the recipient.
For more information on how your business can use V-ID platform and blockchain technology to prevent fraud in their business operations, check out V-ID website, Whitepaper and social media pages in the reference section below.
V-ID: Verification of the website V-ID: https://www.v-id.org/
V-ID ICO: https://token.v-id.org/?2
White Paper: https://token.v-id.org/page/v-id-business-white-paper.php