V-ID –Ending the document fraud with Blockchain Powered Validation
V-ID aims to be among the best candidates that will guarantee solutions for document fraud are found. The service utilizes trusted and generic principles to enable verification and validation for any digital file from any publisher. The service is transparent as it employs the latest technology of blockchain and the smart contracts. The platform ensures that the clients have ease when operating in the system and it allows users to maintain their privacy.
The decentralized platform of V-ID that uses the blockchain technology and smart contracts
Manufacturing companies, banks and other financial institutions are a very sensitive businesses and ventures since they deal directly with the clients and their information may be prone to fraud. Economic growth entirely depends on how money flows in a nation. Security agencies like the Securities and Exchange Commission (SEC) have formulated a very strong technique and mechanism in which the organization ensures that necessary actions are taken against any business organization which tries to engage in any fraud related case. Though this has been done, the online fraud remains the greatest threat to many individuals and companies. With the advent of electronic payment methods, the organizations have adopted the following ways to protect the software to allow for online transaction to take place through automation: use of blockchain; firewall build up; and the firms have provided protection for the software by creating a barrier hence preventing access of the electronic systems by any unnecessary intruder.
V-ID Validation Process explained.
V-ID Validation process is simple, the publisher publishes the original document on V-ID network where its fingerprints are locked, the file then moves across the supply chain which is prone to integrity issues and finally reaches the recipient who receives the file and verifies the authenticity of the file by comparing it to the original document stored on the immutable distributed ledger.
V-ID has created very strong and complex passwords that can never be guessed by any intruder hence providing security to their software that aids the prevention of fraud. V-ID has also installed programs that reports any attempt by any intruder to hack or tamper with the users documents. The program reports the instant attempts giving identity, place and full information of the personality and also provides ways on which the intruder can be barred from hacking or cracking the software systems. V-ID offers a super-security measure that is very relevant in the modern world full of insecurity threats that are instigated by the information war.
Decentralization, use of the blockchain and the digitalization of the firms guarantee that the users gain a great experience. The platforms helps the users to maintain their privacy, transact faster and save cash. This is due to the fact that most of the transactions done are transparent and they can be traced. With the growth of cybercrimes, the use of distributed ledger technology and the use of smart contracts help V-ID to ensure better security for its users. Users need not to worry about their documents or files as they are kept safe from any intruder or any scammer.
V-ID TOKEN Utility Value.
The V-ID token allows the platform to operate in its own economy to truly allow decentralized operations to take place. This includes processing of contracts during validation of documents without third party substandard services. Organizations will be able to make use of V-ID wallet to store V-ID Tokens allow validation of documents and digital files. V-ID will be used towards the process allowing the storage of the records on distributed ledgers where the records are stored in structural layers making it easy to use in validation.
V-ID ICO Announcement: Presale Details.
Start Date: 15/09/2018
End Date: 15/10/2018
Token Price: 1 V-ID = $0.20
First week bonus: 35%
Minimum Contribution: 1000 VIDT
Business are being affected by fraud activities in the supply chain, It is approximated that each individual in his lifetime will lose approximately $1300 and businesses approximately $16 billion to fraudulent activities each year. Traditional methods are ineffective and time consuming, due to the use of human verification methods which are prone to frauds.
V-ID is a game changer to businesses operations, V-ID platform will leverage blockchain technology to end fraud by allowing publishers to have control of their data by choosing who to share with, the data is stored in immutable distributed ledger which is hard to hack, exploit and make changes maintaining the integrity of the data in the value chain.
For more information on how you can take proactive and preventive measure on preventing data fraud across your business's operations, please take a look at the platform's website, whitepaper and social media pages below for more information.
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