VELIX.ID: SECURING IDENTITY INFORMATION

Without personality or any verification of character, that person being referred to is in the same class as dead.

Let simply say somebody goes to your home and claims to be your departed sibling, will you acknowledge? What evidence does he need to move down such?

I once observed a movie(Jolly LLB.2) where a man was broadcasted dead by his relations just to siphon his riches. Sufficiently clever all documents(death declaration and so forth) display, shows that the man is dead. The man went to the court and all the Judge asks for was to see an official report with his name and date on it, at exactly that point would he be able to think about his supplication. The man tossed his shoe at the judge, the judge requested him to be captured, the police charged him, case unraveled.

Why the deviation? It's to influence us to see how critical our character is.

Had it been there is a framework set up to deal with character check, possibly that man wouldn't have spent all his cash endeavoring to demonstrate he is alive.

Our personality is what truly discloses everything to think about us. The web is as yet developing, yet most circumstances the way we share this personality informations matters a great deal.

We share our data on various sites which thus abuse us to their own particular favorable position, either by spamming our letter drop, character misrepresentation and so forth.

Personality security shouldn't be ignored, regardless of whether we share it on the web, with other individuals, whoever we are imparting our character to, we should consider it important, in light of the fact that it's our identity.

One may delay and ask, what difference does it make? Is it safe to say that it isn't on the whole correct to impart to whomever I all in all, please? From look into it has been demonstrated that once we get to most sites (for the most part online networking systems) we surrender the privilege to specific parts of our lives, the information we share isn't secured, we are inclined to digital assaults and so on.

Personality insurance ought to be everybody's worry and all things considered a task called VELIX.ID will guarantee we are ensured on the web.

Velix.ID stage is a decentralized biological community for clients in Identity check industry guaranteeing protection, security, unwavering quality notwithstanding blockchain keen contracts which fills in as the base for put stock in structure, in this manner offering access to all clients (personality holders and so on).

With Velix.ID the issues related with Identity confirmation, for example, time utilization, security, budgetary costs and so forth are illuminated through a decentralized environment which shields clients and organizations.

The present ID confirmation process is looked with issues.

From investigate, it has been demonstrated that the cost of checking characters is nearing $100 billion a year.

The procedures associated with ID confirmation is costly, additionally the present framework utilized as a part of Identity check is wasteful and tedious, it could take days, weeks or even a month, in this manner demoralizing the individual included.

Information put away in the concentrated stage are shaky and powerless. Once there are digital assaults, the personality of clients are uncovered.

Besides, as far as Security, it has been demonstrated that our PII (Personally Identifiable Information) is spilled during the time spent checking our character.

Answer for THE PROBLEMS IN THE CURRENT ID VERIFICATION PROCESS

The straightforward answer for the present issues in ID confirmation process is Velix.ID.

Velix.ID intends to comprehend this issues by dealing with the issues looked by clients and organizations independently.

For Users:

Clients will be given a decentralized stage, where no information is put away in any focal database. The client will be given one of a kind ID which is anything but difficult to recall while enrolling in Velix.ID, notwithstanding that, no exchange is managed without the clients' assent in this manner giving the client expert over his information. This, over the long haul, conveys trust to the stage.

For Businesses:

Clients in this angle are given an easy to understand stage, they can get to the stage without going through the problems of putting personality data once more. The cost related with clients obtaining and character check is lessened, and the time spent in get-together, confirming ID data and different recruits.

THE VELIX.ID TOKEN (VXD)

Velix.ID token VXD is an utility token with the aggregate supply of 100,000,000, with no probability of making another later on.

The VXD, first will be an ERC20 token based on Ethereum blockchain, when Velix.ID dispatch its own particular blockchain, token holders will be dispensed the comparable number of tokens on Velix.ID blockchain.

VXD is utilized to guarantee the trading of checked personality in Velix.ID biological community. With a specific end goal to guarantee straightforwardness, simple and advantageous personality check, VXD is partitioned into littler units called VEL,

1 VXD = 100,000 VELs.

In Velix.Id stage, character check is finished utilizing Verification Stamps (VS). One VS is the cost of one character check exchange on Velix.ID blockchain.

In Velix.ID, 1 VS= 0.1 VXD= 10,000 VELs.

Significance Of Using VXD Within Velix.ID Ecosystem

I. It guarantees quicker exchange.

ii. Simple to exchange to different clients.

iii. Can be changed over to different cryptographic forms of money utilizing accessible trades.

iv. The unpredictability of different tokens doesn't influence it, and so on.

Exceptional FEATURES OF VELIX.ID

It is User Optimized; Time and cost related with ID check are modest.

It is Decentralized; No focal database where information is put away and no single purpose of disappointment.

It is Transparent; Transactions made on the stage can be checked by anybody.

It is Secured; With information not being with Velix.ID, no bargain of information happens in the event of an information rupture.

It is Obscure; With the most recent headways in blockchain (zero-information proofs), clients security is ensured consistently.

It is Universal; Transactions can happen with anybody regardless of land limitations.

CONCLUSION

Velix.ID is a stage to implement a simple, secured and quick personality confirmation process over the globe. The present character confirmation process is looked with difficulties, for example, moderate check process which brings about a high monetary misfortune for the two organizations and people, and most circumstances trading off the individual data of the client.

Velix.ID expects to unravel this issues by building a biological community with the accompanying highlights:

a. Blockchain Smart Contracts,

b. Zero Knowledge Proofs,

c. Stellar Consensus Protocol (SCP).

With this highlights, time and cost are streamlined for the two clients and organizations.

As per its guide, Velix.ID will likewise construct NFC-empowered ID cards, gadgets and programming which will be utilized to introduce Velix.ID check framework at limited regions, for example, workplaces, foundations and so forth.

more

FACEBOOK- https://www.facebook.com/VXDID/

REDDIT- https://www.reddit.com/r/VelixID/

Bountyhive : stevecptan