ICO Biometrids - is poised at providing a solution to identity and identification problems in all facet of life
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.
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.
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!
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.
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.
The start of the API integration will be developed. We will build the API and let other platforms adopt our system into theirs.
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
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.