The Future of Decentralized Identities: Itrue project
ABOUT A COMPANY:
The iTrue is a Blockchain as a Service (BaaS) solution with microservices. The platform can be used by companies and developers to authenticate their users or to build their own blockchain network with a built-in biometric authentication system. The iTrue token ecosystem rewards users for sharing their data, and businesses for participating in the data and app marketplaces. Our innovative stone storage solution ensures high speed and capacity without sacrificing security and privacy.
IDEA OF A PROJECT:
iTrue is a Blockchain-as-a-Service solution with a built-in authentication system with biometrics as its core microservice, enabling enterprises and developers to build secure, scalable and extensible applications.
PLATFORM & TECHNOLOGY:
Technical director of Itrue, Anton Gorushkin, says they have finally found a way to solve the problems of modern products blockchain with the help of the strategy of combining the database and blockchain. As a result, true is a stable and scalable infrastructure, where user data is protected from misuse or data theft.
Other significant benefits offered by this ecosystem include:
- Complete control of private personal information
- Notification of where your data is currently in use
- Complete confidentiality rules
- Enterprises can integrate privacy controls in their decentralized applications
- ecosystem Mark Itrue
FOR INDIVIDUAL USERS
Users have full ownership of their data, and have full control over where their data is shared
User data is stored on a decentralized platform and never on local devices, thus ensuring better protection against failures or data theft
Ease of Access
Biometric access means never having to memorize a password again, and never having to rely on a gadget like a smartphone or credit card
Participation in Data Economy
Individual users can get benefits when they willingly provide data to clients and businesses that require it, in the form of tokens or other rewards.
Blockchain-as-a-service comes with authentication platform and reduces the need to build one from scratch, particularly the ID verification
Compliance with Regulation
Tokenized data sharing mechanism informs users and seeks authorization before any data is exchanged, thus complying with regulatory frameworks like GDPR
Contractors who traditionally collect and process data can exchange existing data with other contractors who may hold their own data. To ensure privacy, such data sharing will still require user
Business gain access to both turnkey solutions and developer-customized applications right within the iTrue platform
Time-to-Market and Scalability
Access to iTrue microservices enables developers to build their enterprise or consumer apps on top of the iTrue platform. Such apps can be listed on the iTrue Marketplace for businesses and users. iTrue’s new type of storage also ensures speed, security, and accessibility.
Microservice developers get token rewards whenever other developers build upon their existing microservices; Application developers get token rewards when their solutions are utilized by other enterprises or users in the marketplace or when they are requested to customize or fine-tune iTrue applications for enterprise end-users
Extensibility and Turing Completeness
iTrue microservices are building blocks that enable developers to more quickly design and deploy enterprise or consumer applications. Developers can also build their own microservices into the platform, which other app developers can also utilize in building their own services and apps.
GENERAL INFORMATION ABOUT A PLATFORM:
• The current centralized applications or systems which stores user’s data are susceptible to hacks and the data can be easily stolen.
• The users need to use complicated passwords while storing their data on such applications.
• The users do not get transparency in the current system as they do not get to know where their data is been used and for what purpose.
• The credit/debit cards used by almost everyone today is not safe for the environment as they are made from plastic.
Token name: iTrue (ITU)
Nominal price: 1 ITU = US$ 0,01
Total amount of released tokens: 8 billion ITU
All the unsold tokens: will be burnt by the smart contract
Token type: ERC20
GET MORE INFORMATION ON LINKS:
WhitePaper : [https://itrue.io/files/iTrueWhitePaper.pdf]