Everest ICO Review : Financial Technologies

Introduction

Decentralized Identity Platform – This is a decentralized mobile application that gives users control over what they record, transfer, update or store. Everest proposes a solution – A decentralized platform comprising of three sections, a digital biometric identity system for storage and verification of user identity data called EverID, a built-in multi-currency wallet with document storage called EverWallet, and ever EverChain the blockchain based transaction platform. It features a native biometric identity system, EverWallet, and a multi-currency wallet in order to deliver a complete solution to its users.

Everest provides its users a universal identity and consequently access to all services to sustain life. The identity network is decentralized and autonomous and allows users to protect their identity data across platforms like licenses, voting Ids, and biometric ids that is cryptographically secured at the granular level. Creating global access to financial services and allowing total financial inclusion enables Everest to unlock the huge economy of the emerging markets. People across the world will be empowered and have more economic opportunities.

Everest Use Platform

Cash Transfer: The platform intends to facilitate cash transfers between parties, validating the money sent 100% since the participants will have been biometrically verified.
Remittance: Everest will offer an easy and cost-effective way for various banks and financial institutions to help them offer better money transfer services.
Micro-Finance: The platform will also offer a full solution to lend money to SMEs as well as billions of people across the globe.
Micro-Insurance: Everest will allow the collection of documents and biometrically signing contracts with or without devices.
ID Verification: All users in Everest will be verified through third party attestations, government IDs, and biometrics
Medical Records: The platform will enable better management of medical records, hosting the documents in device or the cloud to allow seamless tracking of healthcare.
Land: With Everest, it will also be possible to combine titles, identities to banks and GPS coordinates in order to secure land.

Team

The Everest team is made up of individuals experienced in IPO’s, blockchain, and startups. The team is led by Co-founders Bob Reid (CEO) and Brad Witteman (CPO) who have both held senior positions at BitTorrent, and Mike Kali (CTO) who has worked at Yahoo and Netflix. The team is also assisted by a board of advisors like Aya Miyaguchi of the Ethereum foundation, Atsushi Taira CGO of Mistletoe, former President of Estonia Toomas Hendrik, and Dr. Virgil Griffith of CalTech.

Token Details

Token Symbol: ID
Token Sale Date: Aug 13, 2018 — Oct 12, 2018
Token Price: 1 ID = 0.09 USD
Accepted Payment Method: ETH, BTC
Hard Cap: 20,000,000 USD

RoadMap

May 2016 – Everest Concept
June 2016 – Everest Founded
June 2017 – Development of Proof of Concept begins
January 2018 – Demonstrating proof of concept
June 2018 – Publishing of white paper
July 2018 – Testnet live (blockchain, token and ID+Wallet DApp)
October 2018 – Everest 1.0 to go live (API, blockchain admin console, ID+Wallet DApp, token)
December 2018 – INF (Identity Network Foundation target) completion
March 2019 – Everest 2,0 (API integrations, multi-currency wallet)
June 2019 – Everest 3.0 (enhancements of blockchain speed and launching smart contract infrastructure to partners)
October 2019 – Everest 4.0 (SKD, money transfer and banking licenses available)

Everest Components

Identity Network Foundation – IN is a non-profit, stewarded identity and value transfer network that cannot record, transfer or use the individual data of users in any way without their consent.
EverID – EverID dApp is a mobile decentralized application that ables users to tape, upgrade, shop, and transfer worth.
EverWallet – EverWallet is included as a part of the EverID dApp and is used to provide inclusivity into other software solutions for partner organizations.
EverChain – The Everest system works on top of the EverChain model, it being the underlying technology for all activity on Everest.

Conclusion

The platform will consequently reduce costs associated with data access and verification as well as fraud and leakage that’s experienced in the traditional systems.

For more information, please click the link below :

Website : https://everest.org/

Whitepaper : https://everest.org/wp-content/uploads/2018/08/Everest_whitepaper.pdf

Telegram : https://t.me/Everestdotorg

Twitter : https://twitter.com/everestdotorg

Medium : https://medium.com/@EverestDotOrg

Reddit : https://www.reddit.com/r/EverestDotOrg/

Bounty Thread : https://bitcointalk.org/index.php?topic=4782378

Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2189889