V-ID - Secure Digital Assets With Blockchain Powered Validation
NB: Let's end document fraud with blockchain powered validation!
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, V-ID, the best Blockchain Powered Validation Platform candidate to be the de-facto standard solution for document fraud has arrived.
"Well, we all know, Blockchain is a transparent and verifiable system that will change the way people think about exchanging value and assets, enforcing contracts, and sharing data. The technology is a shared, secure ledger of transactions distributed among a network of computers, rather than resting with a single provider. Businesses are using blockchain as a common data layer to enable a new class of applications. Now, business processes and data can be shared across multiple organizations, which eliminates waste, reduces the risk of fraud, and creates new revenue streams.
New companies have now begun to harness the potential of the blockchain and develop a variety of services using the technology. The center of blockchain authentication would be a blockchain ID. This ID is essentially a block of data on the chain that can be both verified by any third and can display necessary information such as date of birth. The secret to this verification is the ECDSA (elliptic curve digital signature algorithm). When adding an ID to the blockchain, an identification issuing service binds a public key by default and then transfers ownership of the private key to the user. This allows the user, and only the user, to sign a signature that can be verified against the public key stored in the blockchain.
This identification of a user would serve as a decentralized source of authentication. It would essentially be a single-sign-on portal that can be accessed by any app while not being owned by any single entity. A protected app would only have to request a digital signature and an ID from a user requesting access. The app could then verify that the signature is valid and that the user’s ID verifies who they say they are."
With that being said, the V-ID platform provides solutions in the form of services using blockchain technology to make fraud with digital files impossible. V-users can be divided into two groups: maker and recipient. After the register file is created on V-ID, the recipient can verify the authenticity of this file.
But before we go any further, please check out this video presentation to get even more acquainted
Now that I have your attention, let’s get right to it.
What exactly is V-ID?
As said earlier, V-ID is the best Blockchain Powered Validation Platform candidate to be the de-facto standard solution for document fraud.With the blockchain system developed from the V-ID platform, it provides services that use general and trusted principles to enable validation and verification for any digital file to be safe and can be known by any publisher. because blockchain is not changed and transparent in the progress of the platform.The issuing organization/publisher can register any file through the V-ID Platform verification process. It can take into account the authenticity of the document in a few seconds very useful in falsehood whether it is genuine or not and also for verification does not require a fee.
In addition, the V-ID platform does not store copies of files examined and therefore easily meets the recommendations of Data Protection (GDPR). very different compared to the regular WIDIDI large-scale project, V-ID is a unique service with a structured and scalable concept.The V-ID platform will continue to grow Over the next 3 years, V-ID will turn into a market leader in the crypto world in fraud file protection, as well as SSL for secure and environmentally friendly internet connections. V-ID Utility Token offer concrete added value in identifying the issuing organization, store digital fingerprints in a smart contract and payment processing to validate.
As society continues to digitalize, new types of digital crime are emerging. The media reported incidents such as data leaks, identity fraud, forgery and fake news on a daily basis. One particular new technology could provide a breakthrough in the fight against these criminal side effects. This technology-blockchain, has the potential to become one of the most important technological pillars of the modern world.
What was the standard operating mode before V-ID? Just as it is difficult to imagine what the world was like before the advent of the Internet, we believe that VID will become a common and widely used element of modern digital society.
V-ID will be used by any organization that wants to protect their digital files from fraud in a secure way.
The Problem & Solution Offered
The problem One of the downsides of the digitalization of society is the difficulty in combating fraud with digital files. Users are very easily fooled in the crypto world or with digital files which are one weakness that must be corrected.
The V-ID platform provides solutions in the form of services using blockchain technology to make fraud with digital files impossible. 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, this file’s authenticity can then be verified by the recipient.
V-ID’s validation process guarantees that the person registering the file actually represents the organization issuing the file. V-ID does not save a copy of a validated file and therefore easily complies with the GDPR guidelines.
V-users can be divided into two groups: maker and recipient. After the register file is created on V-ID, the recipient can verify the authenticity of this file.
The V-ID platform allows the recipient of the file to verify the authenticity and contents of the file by entering it in the verification terminal at https://www.v-id.org. After checking the file, V-ID creates a scan report. OIC (certificate of information about the origin) is offered in PDF format. The certificate has all the information about the issuing party, the file itself and all block-chain data, such as time stamps and proof of existence. The verification process can be done in two ways: verification by a certified employee of V-ID and self-assessment. For each check, transactions are made with V-ID tokens. Because the data related to this transaction is in the blockchain, the party that validates and the file being examined is completely transparent.
Token Sale and ICO Details
The V-ID service token is the ERC20 token used to identify the wallet addresses (for exporters / parties involved) and is used as a payment for verification. The platform can be used online (human interface) and will increase the number of applications, SOAP, API convenience interfaces, to test the modern software most common (via web interfaces , system services) symbols of public sale,.
The price of the token must be high enough to cover the operating expenses of the V-ID, including transaction fees and Ethereum.
V-ID TOKEN Utility Value
V-ID Token Sale
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 100M
VIDT token price $ 0.20
Soft cap: $ 1M
Hard cap: $ 8M
V-ID Token Distribution
100 million (100,000,000) V-ID Tokens will be distributed according to the schedule below.
Why You Should Choose V-ID?
Growing client base
True utility token
Buyback and burn policy
Upcoming blockchain partnerships
Guaranteed exchange listing
The market for file protection is tremendous and cybersecurity is becoming a growing priority. V-ID offers the most practical, inexpensive and fail-safe solution.
Meet The Amazing Team
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website V-ID Verification: https://www.v-id.org/
Website Token Sale: https://token.v-id.org/?2
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.