ICO Biometrids - is poised at providing a solution to identity and identification problems in all facet of life

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 sing the Blockchain  technology, Biometrids is poised at providing a solution to identity and  identification problems in all facet of life.  The advancement in  technology has brought about smartphones with facial recognition via a  built-in camera. Using the facial recognition capabilities of smart  devices, each individual will be facially recognized on the blockchain.  Biometrids is striving at creating a “One Face, One ID” phenomenon. All  it takes is only a single recognition and there will not be a means to  manipulate identities on the Blockchain. With this in place, there is an  expected drastic reduction in identity theft.   

 Use Cases

 Static ID
         The major application of Biometrids is the creation of a  static means of identification that can never be manipulated. With  Biometrids in place, users ID will be blacklisted if such ID is used in  perpetrating scam in any transaction. You can verify the identity of any  individual before committing your resources to the business. This will  boost your confidence in the other parties since your 99.9% sure about  the identity of the other party. With a static ID in place, an ID would  never be able to transact business upon blacklisting.             
   
 Car Rentals
Never  would car rentals be scared of giving out cars to client ever again.  Biometrids allow the swift verification of customers for car rental  service. This will allow for the checking of the past records of  customers to determine the probability of getting the rented car back.  All the rental service need with Biometrids is to scan the customers  face to ascertain identity and records, then request for all the needed  documents. When this is utilized with Slock.it locking solutions, there  will be a fundamental change in car rental industry.  
   
 Package Delivery and Courier
Biometrids  allows for the cross-checking of identity when delivering packages.  Before delivery can be made, the courier personnel will need to  cross-check the identity used during purchase against that of the  individual that is to accept the package. Any deviation will mean the  package will not be delivered. The mailman will have to scan the face of  the individual accepting the package to determine it is been delivered  to the actual owner.
   
 A Safer and Secure Cryptosphere
With  the increasing number of ICOs on a daily basis. There is a need to put  in place a mechanism that will serve in cross-referencing of identities  of the participant. This will actually bring about a responsible and  interactive coin offering as being proposed by Vitalik Buterin and Jason  Teutsch. With Biometrids in place, there will be a decrease in the  creation of a shadow economy that is growing in value and worth. The  team and the advisors of an ICO will have to identify themselves and be  held responsible in the event the ICO fails.   

 Platform and description

    With the advancement in machine learning and artificial  intelligence, facial recognition can be utilized for identifying  individuals. From childhood to old age, the contours of the face cannot  change.      
Once registered on the blockchain, facial attributes remain  static even with changes in age. Whenever a merchant, individual or  government is trying to identify you, a request will be sent to your  smartphone for identification.            

 Identity fraud in numbers

    The spate of identity theft globally has reached an epidemic  level. There is a need to adopt an out of the box approach such as  Biometrids in providing a lasting solution to this cankerworm.Between 2015 and 2016, there has been an increase in identity  frauds both in monetary value and number of victims. In 2015, 13.1  million were victims of identify fraud, this figure grew to 15.4 million  Americans. This translate to an increase in value from $15.3 Billion to  $16 Billion. In 2016, a record of 421 billion data records was stolen.  This is equivalent to 35 data records stolen every second.           
          The spate of identity theft globally has reached an epidemic  level. There is a need to adopt an out of the box approach such as  Biometrids in providing a lasting solution to this cankerworm. Between 2015 and 2016, there has been an increase in identity  frauds both in monetary value and number of victims. In 2015, 13.1  million were victims of identify fraud, this figure grew to 15.4 million  Americans. This translate to an increase in value from $15.3 Billion to  $16 Billion.       

    
 UK identity fraud

   Investors will have the opportunity to get a  share of all of these transactions that will be going through the  Biometrids Platform. Investors can run their own node on the chain, with  only 10.000IDS.

   When the system will be fully implemented  around the world we would have upwards 100.000.000 transactions everyday  with a cost of 10-40cents and a pay out of 90% for investors holding  nodes.

   In our PRE-ICO we offer 1330IDS for the price of 1 ether and in ICO the price will range from 600-1000IDS for 1 ether.  

 Help us build the future of identification and join our journey today! 

 Token Sale

           Biometrids token will be known and called IDS.There is going to be a total of 100,000,000 in existence and will be offered as follow:          

  • Pre-ICO: 5%
  • Bounties and Advisors: 5%
  • Crowdsale: 70%
  • Team allocation: 10%
  • Foundation: 10%

      The Pre-ICO of IDS will run for just a week a price of  1ETH/1330IDS, while the crowdsale will run for 4 weeks with the  following prices:         

  • Week 1: 1000 IDS/1eth
  • Week 2: 850 IDS/1eth
  • Week 3: 700 IDS/1eth
  • Week 4: 600 IDS/1eth

        Pre-Ico and crowdsale will run until end date, or until all coins are sold.The allocated 10% of the team and the 10% for the foundation will be locked up for three years.Every unsold coin during the ICO will be locked for five years.  After five years, they will be sold back to early investors in a private  fundraising campaign. They will not be sold on exchanges.         

 APIs and System

The Biometrids platform is expected to benefit other Blockchain and Cryptocurrency projects.          
Aside from this, the financial sector, postal, wallets, and public  sector will also benefit from the Biometrids project. A wallet  developer will have to integrate the Biometrids API with their wallet  and this will override the login process. This will translate to facial  recognition login to wallets.       

  Ongoing branding and  increasing awareness of Biometrids to develop an onboarding process for  businesses. Further development of the product with continued bug  fixing, new initiatives, and improvements to the user experience.   

Stage 1

This stage will commence if we  reach our softcap of 4000 Ether. In this stage, we will start building  the groundwork for the platform. This involves getting facial  recognition working, and allowing people to start creating their  decentralised IDs. Password protection will be necessary in this stage.  There will be no API integration yet, only a working system.     

Stage 2

The start of the API integration will be developed. We will build the API and let other platforms adopt our system into theirs.

Stage 3

During this stage, we will evolve the platform to  use nodes. These nodes will be used for identifying people in the chain.  Nodes will earn interest for their contribution to the chain         

Stage 4

API integration will be further  developed. We will improve the API based on any feedback given from  stage 2 and add more services to the API to further adopt the system.      

Stage 5 and beyond

These next stages will remove  passwords, so that all people need to access their account is their  face. Investments will be made to get governments to adopt our system  and have them integrate their local services into our solution.                    

                 
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