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Friday 2 March 2018

CRYPTO ICO Velix.ID - Global Platform For Identity Verification

Velix.ID - Global Platform For Identity Verification

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     Verification is an action to verify or test to establish and document of a product, service or system meets regulatory or technical standards. Identity documents are also called IDs.If issued in the form of a small standard credit card, usually called an identity card, driving license cards, family cards or passport cards. Some countries issue official documents of identity documents, using informal documents. When an identity document enters a person's photo, it may be called an identity photo.

⇛What is Velix.ID?
   Velix.ID is one of the leading companies that establish an identity verification service that aims to prevent unwanted things with the help of the blockchain system. Examples such as the stolen account of people who are not responsible, one example image above by scanning fingerprints through a mobile phone, the account that we use will be more safety from the disorder it. By using Velix.ID we can verify the appropriate owner data on the account so as to reduce the negative things we do not want like hackers/keylogger/privacy and others.

⇛The Problem
  • Time Consumption - the Current process of identity verification can take from days to weeks to months; depleting resources otherwise capable of generating revenue.
  • Privacy - Data stored in centralized locations are vulnerable to multiple and mass data breaches & risk exposing the identity of the user.
  • Security - Personally Identifiable Information (PII) is leaked at various stages in the ID verification process which leads to unsolicited use.
  • Financial Loss - The process of ID verification inflicts a significant financial cost to the businesses.

 ⇛The Solution
 Here is solution for user:
  • Decentralized - A Platform which does not store data in a central database - instead puts it on the encrypted public ledger - making it safe from mass data breaches.
  • Unique ID - Each user registering on Velix.ID will get a unique 8-digit alphanumeric ID that is easy to remember.
  • Consent -  User authorization mandatory for all transactions of ID information.
  • Trusted - User is in control of his own data at all times.
 Here is solution for business:
  • Improved Customer Experience - Users can access services easily and instantly without repeatedly requiring to sign-up or entering identity information.
  • Cost - The cost for new customer acquisition and identity verification comes down.
  • Time - The time spent in performing multiple signups, gathering and verifying identity information reduces significantly.
⇛The Purpose Of velix.ID
   Velix.ID's main objective is to minimize a misused privacy/hack violation, for example, to gain its own benefit by using something that belongs to someone else such as offering free services, selling user information to advertising companies, disseminating privacy photos to the public and so on.
  
⇛Feautures Offered By Velix.ID
   Here are some interesting features that offered by velix.ID:
  • Optimization of users: Velix.ID ecosystem is time & cost-effective; the time and cost incurred to verify identity are significantly reduced for both users and businesses.
  • Transparent: Transactions on a Velix.ID block can be seen by everyone. Verifiable authenticity exists for every transaction performed.
  • Hidden: By using zero-knowledge-proofs, the latest blockchain technology, Velix.ID blockchain ensures the privacy of transacting parties from other users in the blockchain.
  • Decentralization: There is no single point of failure that can occur in the Velix.ID. ecosystem; the compromise of a node does not affect other ecosystems.
  • Safe: User data is not saved with Velix. Even if the Velix.ID system is violated, nothing interferes with User data.
  • Universal: the VXD tokens globalize the platform by facilitating almost instantaneous autonomous transactions among anyone in the world regardless of geographic boundaries.
⇛Interaction By Velix.ID
   Here is some interaction that made by velix.ID to users of this Platform:
  • Verified Identity Seeker - This is an organization that needs a person's verified identity, but does not want to invest time and money to verify their own identity. These people can use the Velix.ID ecosystem as a Verified Identity Seeker. If a person's identity has been verified by an organization, then the process should not be repeated by another organization to verify the same identity again. User authorization and approval are required for this exchange to occur.
  • Identity Owner - all those who join in Velix.ID is entitled to clarify the prevailing ecosystems in Velix.ID. All identity holders on the Velix.ID platform has a number that all their data will be associated. Automatically every individual who has joined Velix.ID will be associated with their identity verification.
  • Verified Identity Provider - These are institutions and businesses that verify identity-related information for individuals and businesses. This could be educational organizations, government organizations, banks, multinationals, and other types of businesses.
⇛Token Distribution
⇛Fund Allocation
⇛Roadmap
 
 ⇛Advisor & Investor
⇛Team & Contributors
⇛Team & Advisors Experience
⇛Partners
For more information about velix.ID, Please visit:
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