V-ID ICO Review The Blockchain Powered Validation Document
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 block chain. Our clients are impressed by
the ease of use and the enormous gains in efficiency.
The issuing organization can register any document 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 record and therefore easily complies with the GDPR guidelines. V-ID is being developed by WIDIDI. Since 2008, WIDIDI employs its continually developed versatile platform, called M16, to execute software
projects for their client-base. WIDIDI is specialized in secured environments,
connections and communication.
Compared to WIDIDI's regular big scale projects, V-ID is a unique and scalable support Therefore, optimal expansion of V-ID as a service requires a different approach. One of the milestones in 2018 will be to establish V-ID as a separate business. 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.
As society continues its digitization process, new types of digital crime emerge. The media report on incidents such as data leaks, identity fraud, document forgery and fake news on a daily basis. We believe one specific new technology can provide a breakthrough in the battle against these criminal side-effects. This technology, block chain, has the potential to become one of the most important technological pillars from the modern world. For an IT company like us, the opportunity to help shape this technology with concrete applications and added value is the most exciting and important work imaginable.
V-ID will be used by any corporation that wants to fraud-protect the digital files in a fail-safe way. Comparable to how certified SSL connections are currently used for websites.We believe that fast adoption of V-ID’s technology is possible, because it is radically different from other current scams prevention technology. V-ID offers validation of any digital file with maximum security, optionally on site with a certified notary present, to oversee the process. Implementing V-ID is cost-effective, fast and completely non-intrusive to existing workflows.
V-ID is a service that uses block chain technology to make scam 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, this kind of file’s authenticity can then be verified by the recipient. It uses a digital signature intended for documents and records them in the block chain via a project environment. They leave the validation process to the users.There are no customers yet, but DigiByte claims to have more than 1, 000 users.
Furthermore, there is a fairly large number of commercial organizations, such because Adobe and Signet, which offer some certainty about the origin of documents with a digital signature. However, these are one-sided, not easy to implement and not easily verifiable methods. In addition, the relevant documents have to be adapted for this purpose and these "signatures" or password protections offer no real, flawless protection against changing the file.
Verification services are offered by a growing number of marketplace parties, such as Nuffic and Trulioo. These services use methods based on human control, using knowledge, experience and sampling. An interesting concept is Civic which offers a similar validation and verification services for personal identification (passports, etc. ). Social also bases its method on the Bitcoin protocol, the most established block chain in the world.
The potential industry for V-ID is virtually unlimited and growing rapidly. The worldwide digitization ensures that paper data file fraud is increasingly moving to digital file fraudulence. The affirmation service is still new and unique. Currently, there is no firm that has already won any kind of significant market share. V-ID provides the simplest, most scalable and most generically applicable solution. The V-ID assistance approach is usually not market or application specific and therefore has a very large potential to level up and thus become the de facto regular.
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