Introduction
Cases of fraud are rumored worldwide because the web makes it easier for any technical school savvy person to impersonate anyone with simply a little of their official details. This has junction rectifier to lots of losses from numerous establishments and people. Apart from the fraud crisis, lots of your time and cash is additionally spent on verification of information particularly in countries that haven't nevertheless adopted a completely integrated identity system. Aggregation countries are acknowledged for this as most of their governments need each national and foreigner to hold multiple identification documents to avoid any quarrels with law enforcers.
We know governments use distinct quite identification mechanisms to make a property resolution for a spread of tasks. One in all the key part in these schemes is that the trust. Individuals have lost trust in the numerous schemes go past the govt. To gather and store the identity the digital playground is turning into too robust for the governments. It is troublesome for the individual to trust anyone during this quiet state of affairs.
This identification drawback doesn't stop here. Most employers, once yearning for workers, would like original documents to verify the qualification of their potential worker. Candidates could also be needed to send their documents or copies of their documents that they receive when the entire enlisting method is completed. Most firms claim to share these copies when used however we tend to cannot overlook the actual fact that we tend to are all groups of people and that we are liable to error; some documents might not be fully destroyed. This could result in a number of the applicant’s data falling into the incorrect hands so sitting a security threat to their identity. Thus, these documents might trade hands repeatedly before they reach the ultimate recipient and nobody will extremely ascertain their safety on that chain.
The challenges of information hack and security breach has been growing day by day and also the unhappy truth is nothing is completed concerning it. The priority of public relating to their privacy and private knowledge is legitimate nevertheless unnoticed by the authorities aggregation it. We will not facilitate however have confidence the technology of nowadays which might give the protection needed for the security of the non-public knowledge of several individuals. Therefore, there is a desire for a higher system which will store this knowledge firmly and still facilitate economical knowledge verification with very little or no trouble in the slightest degree. as luck would have it, blockchain has well-tried that it will give secure and clear systems which is what Velix.ID can use because of the spine of their platform that aims to produce a resistance identification resolution to the planet.
Solution Offered By VELIX.ID
The platform Velix.ID was formed supported a centralized system that its creators found to be too vulnerable when their discovery of blockchain, they sought-after to make their own blockchain that might focus on the determination the difficulty of identification. A part of the matter facing the security of our identity is that the manner it's handled. This is often sometimes as a result of human error. With blockchain but, Velix.ID may have their own ‘agents’ who may perform similar activities to groups of people while not the error that's related to them.
Velix.ID blockchain can host 3 sorts of users; the identity holder, the verified identity supplier and also the verified identity seeker. The Identity seekers embody firms that are recruiting workers or e-commerce websites and the other establishment which will like your identity, for valid reasons after all. These establishments can have to be compelled to be verified before they're allowed to affix the Velix.ID platform. This verification is vital in preventing fraud within the Velix.ID scheme. Identical verification method also will be performed on identity suppliers. These can have to be compelled to be recognized establishments like government offices which might give knowledge that's registered with the govt. and maybe formally acknowledged.
VELIX.ID is giving a suburbanized scheme of private knowledge management supported the blockchain technology. The information is secure, clear and keeps at the suburbanized location. The scheme can bring businesses and users on a standard platform to utilize the sensible contract based mostly knowledge sharing mechanism. Identification and knowledge sharing can have a brand new definition with the introduction of the platform.
ICO Information
To create the platform of trust and transparency, they need support from the general public. 100 Million VXD Tokens are created for the project within which 50 million is obtainable for the crowd sale. The Token Presale is presently live and ends on the 9th Feb 2018.
The main ICO starts from the 10th Feb 2018 and continues till 5th March 2018. The team is skilled in the field of technology and business.
The VXD also will serve the aim of facilitating knowledge dealing through verification stamps. These stamps are 100% of the worth of VXD. Upon its unleash, the VXD is valued at US$1. VXD is additionally divided into VEL. 100 thousand VEL are appreciated 1 VXD
Fund Allocation
Conclusion
Making a secure mechanism for storing and sharing knowledge is that the prime aim of the platform VELIX.ID. As the technology progresses, the info is the foremost necessary plus of the digital world. Today, the presence on the digital world meets your identity needs. The normal identity verifications strategies like PAN card, social insurance range became digitized and face the danger of information hack and security breach.
The information of public has been compromised repeatedly, thanks to lack of correct security measures by the governments and personnel firms. The protection of the data is that the prime concern for the user sharing his data with the authorities. Therefore the platform VELIX.ID will make a revolution in the future identification system.
Stay tuned for more updates…Thank you…!!!
For More Information Please Visit:
WEBSITE- https://www.velix.id/
WHITEPAPER- https://www.velix.id/assets/Velix.ID%20White%20Paper.pdf
ANN THREAD LINK- https://bitcointalk.org/index.php?topic=2721724.0
TWITTER- https://twitter.com/VelixId
FACEBOOK- https://www.facebook.com/VXDID/
GITHUB- https://github.com/velix-id
VK.COM- https://vk.com/velixid
MEDIUM- https://medium.com/@velix.ID
BLOG- https://blog.velix.id/
TELEGRAM- https://t.me/velixID
Join Campaign - https://bountyhive.io/browse/Velix.ID
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