The V-ID validation service uses blockchain technology to end all document fraud
INTRODUCTION
V-ID is the best candidate to become the de-facto standard solution for document fraud. The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. V-ID is being developed by WIDIDI. WIDIDI employs its M16 Platform to execute their software projects. The issuing organization can register any file through the validation process of the V-ID platform, allowing each recipient to verify its authenticity within a matter of seconds and for free. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines. Current users of V-ID include Airbus Defence & Space, European embryonic research institute ESHRE and optical fibre supplier Vitrumnet .
The service utilizes generic and trusted principles to enable validation and verification for any digital file, of any publisher. This is possible thanks to the immutable and transparent nature of blockchain. Among the first clients who currently use V-ID are Airbus Defense & Space, the European research institute ESHRE and optical fibre supplier Vitrumnet.
Funding will be generated through a large-scale Token Sale, in order to speed up development of the V-ID platform as well as facilitate market research and marketing.
The V-ID team consists of a close group of people with diverse professional backgrounds. Most team members have been working together for 10 to 15 years. The atmosphere within V-ID is very open, communicative and professional. V-ID is developed by WIDIDI, a software developer based in Zwijndrecht, Ridderkerk and London. WIDIDI has been developing the M16 Platform in-house since 2008. Based on this platform, WIDIDI has specialized in secure applications in recent years, specifically for shipping, industry, police and defense. The platform is continuously probed for potential sensitivities and cyber attacks. Independent third parties carry out the penetration tests.
V-ID will be used by any organization that wants to fraud-protect its digital files in a fail-safe way. Comparable to how certified SSL connections are currently used for websites.
V-ID is a service that uses blockchain technology to make fraud with digital files impossible. V-ID users can be divided into two groups: creators and receivers. Once a creator registers a file in V-ID, the recipient can verify this file’s authenticity.
The VIDT (V-ID ) TOKEN DETALS
The public Token Sale Event planned to commence of Sep 15th, 2018, is characterized by the following:
Pre Sale start date: 15 Sep 2018
Public start date: 15 Oct 2018
Token Sale end date 15 Dec 2018
Max VIDT tokens 100,000,000
VIDT token price $ 0.20
Soft cap: $ 1,000,000
Hard cap: $ 8,000,000
The V-ID utility token is an ERC20 token that is used to identify wallet addresses (for issuers / validating parties) and is used as payment per validation.
Conclusion
The potential market for V-ID is virtually unlimited and growing rapidly. The worldwide digitalization ensures that paper file fraud is increasingly moving to digital file fraud.
The validation service is still new and unique. Currently, there is no organization that has already won any significant market share.
V-ID provides the simplest, most scalable and most generically applicable solution.
The V-ID service approach is not market or application specific and therefore has a very large potential to scale up and thus become the de facto standard.
For More Information About V-ID, Please visit the following:
WEBSITE: https://www.v-id.org/
WHITEPAPER: https://token.v-id.org/page/v-id-business-white-paper.php
ANN THREAD: https://bitcointalk.org/index.php?topic=4918204.msg44277489#msg44277489
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