Are you looking for an alternative platform where you can keep your identity safe and secure while trading and investing in cryptocurrency? If the answer is yes, then Iame.io is the right option available in front of you. Many of you must be facing problems while problems like identity hacking when you invest or trade in cryptocurrency over the blockchain technology. Identity hacking is quite risky and makes you face lots of trouble. But, now with the help of this decentralized identification system, you can easily perform blockchain transactions on a primary level without disclosing each other personal information. However, if you are unaware of the platform and its advantages, then continue reading this article and know about it in detail. Concept of Iame.io As we have told in the above paragraph that it is a decentralized identification platform. Thus, it helps users and other parties to perform a transaction on primary level and verify each other without making or having to disclose each other’s personal or non-essential information to any of the third parties. However, the identification process mainly is conducted on multitude validators, and each verifying section of information will together create complete identity verification. Therefore, only the owner of this identity can retain and access data of his/her in a useful way. And the result of this identification process gets hashed on designated blockchain and accessible on a public repository like identification status. A secure system for peer-to-peer transaction With the Iame.io network identification, the application facilitates peer-to-peer transactions like online merchant transactions. For example- an online purchase is taking place where a customer purchases any physical good with cryptocurrency. There are amount of personal information and data is communicated to the merchant through customer gets splits in tow different categories. 1. Information important for transaction- in this category information like address and name is kept without which delivery of good and transaction is not possible. 2. Information not important for the transaction- it is also known as non-essential information that includes identity documents in order to proof customer’s bill, utility bill and address to which the customer belongs and customer’s date of birth. However, the main motive or logic behind using non-essential information at the time delivery is based on some rules. But, it is done with alternative identification system; this reduces the risk not only for the customer and reduces the burden of security which is completely in the hands of traders. In this peer-to-peer scenario, traders or merchant get a consult from the public repository network Iame.io identification in order to verify that whether the personal or non-essential information completely associated with the customer is performed over the identification network or not. About IAM tokens To operate this identification system, IAM tokens are issued that are operated as validation tokens in order to initiate confirmation request on identification network. Users can use these tokens through IAME network, after deducting blockchain hashing cost which is then paid to the third party as a reward that operates the non-profit process of validation. These tokens are distributed in the following percentage like 50% for presale and private sale, 10% for a community pool, 10% team pool, 20% business pool and 10% for the advisory pool.
Official links for more details,
Website : https://iame.io
Telegram : https://t.me/IAME_identity
Whitepaper : https://iame.io/res/180301-IAME-White-Paper-en.pdf
Twitter : https://twitter.com/@iameidentity
Facebook : https://www.facebook.com/IAMEIdentity
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Published by cryptohipo
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